- Lottery.com (LTRY, Financial) secures $250 million in funding for global expansion.
- Stock price surged 816% as of March 2025, reflecting strong investor confidence.
- Strategic partnerships and acquisitions enhance Lottery.com's global reach.
Lottery.com (NASDAQ: LTRY) has successfully completed a two-year transformation, securing a total of $250 million in funding. This includes $150 million from United Capital Investments London (UCIL) and a $100 million stock purchase agreement with Generating Alpha. The funding is aimed at supporting the company's ambitious global expansion and strategic acquisitions.
The company has made notable achievements, including the launch of the Sports.com website and app, the acquisition of Spektrum for enhancing international technology capabilities, and a strategic partnership with Orange for content streaming in Africa and the Middle East. Additionally, the creation of Lottery.com International marks a significant step in its global expansion strategy.
In a significant market development, Lottery.com regained full Nasdaq compliance in March 2025. This has led to an unprecedented stock price surge of 816%, with shares traded exceeding one billion. This robust market performance underscores investor confidence in the company's turnaround efforts.
Lottery.com's aggressive buy-and-build strategy includes the launch of Sports.com Studios for content creation and the pursuit of strategic acquisitions in sports technology, live events, and gaming. Moreover, the company has become the title sponsor of Soccerex events in Cairo, Amsterdam, and Miami, further solidifying its global presence.
With a new leadership team in place, Lottery.com is poised for dynamic growth in both the lottery and sports entertainment sectors. Chairman and CEO Matthew McGahan emphasized the company's commitment to creating shareholder value through innovative strategies and expanded market reach.
