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Lottery.com signs LoI to acquire majority stake in DVI in $10M deal

Lottery.com (LTRY) announced that it has signed a Letter of Intent to acquire a majority stake in DotCom Ventures Inc., a Nevada corporation, together with the premium domain assets Concerts.com and TicketStub.com, in a transaction valued at $10M. This strategic investment will form the third foundational pillar of Lottery.com’s expanding platform – standing alongside Sports.com and Lottery.com as part of a vertically integrated, multi-channel entertainment business. Acquiring a majority stake in DVI represents a $10M transaction, comprised of a strategic blend of cash, secured debt, and equity issued at up to $3.00 per share – further validating the strength of the Lottery.com and Sports.com platform. The final transaction will include the assumption of secured notes and a multi-stage stock issuance structure, reflecting alignment and long-term commitment from all parties.

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