Lottery.com finalizes terms for acquisition of S&MI Ltd.

Lottery.com announces it has finalized terms for the acquisition of S&MI Ltd., the technology company behind the current Sports.com brand and app. The total acquisition price is to be satisfied with equity of common stock in Lottery.com priced at $3.00 per share. “The acquisition of S&MI significantly enhances the long-term value of the Sports.com brand, unlocking substantial growth opportunities in key target markets, including the Middle East and North Africa. This acquisition will further strengthen Sports.com’s global profile and future prospects, solidifying its position as a leading force in the industry. The acquisition is scheduled for completion on September 1,” the company stated.