Lottery.com is making a big move to support its global growth. The company has signed a $1.5 million all-stock deal to acquire Spektrum Ltd from PlusEVO Ltd. This Lottery.com acquisition strengthens its platform for international market expansion.

• The deal involves issuing 500,000 shares of restricted common stock over 30 months at $3 per share. This transaction gives Lottery.com full ownership of Spektrum Ltd’s technology platform.

• The acquired technology is designed for global markets, aligning Lottery.com with competitors in Europe, Africa, and Asia. It enables the company to offer new gaming options beyond standard lottery. This move aims to boost consumer engagement and diversify revenue streams.

• Lottery.com plans to launch international operations and generate revenue by March 31, 2025. Owning its proprietary technology helps enhance operational efficiency and increase profit margins. The acquisition is part of the company’s broader strategy to scale globally.

• CEO Matthew McGahan highlighted the value of Lottery.com acquisition for new market entry and increased revenue lines. He emphasized the importance of owning the technology to service consumers directly. He also noted the potential impact on the company’s share price through global market expansion.

• Lottery.com remains focused on long-term growth and shareholder value. The integration of Spektrum Ltd’s technology reinforces its commitment to international expansion. The company aims to leverage its platform for sustained revenue growth across multiple global markets.

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