- Lottery.com (LTRY, Financial) has filed an amended S-1 registration statement with the SEC for a $100 million stock purchase agreement.
- The agreement, signed with Generating Alpha, provides capital flexibility without immediate dilution pressure.
- Funds will support a strategic expansion of lottery operations and digital sports media.
Fort Worth, Texas — Lottery.com Inc. (LTRY), a leading technology company in digital lottery and sports entertainment, announced the filing of an amended S-1 registration statement with the U.S. Securities and Exchange Commission (SEC). This filing relates to a $100 million stock purchase agreement with Generating Alpha, signed in November 2024.
Under the agreement, Lottery.com gains the right—but not the obligation—to access up to $100 million in capital by selling common stock. This provides the company with strategic financial flexibility as it seeks to bolster its operational relaunch and expand its footprint in the digital sports and entertainment sector via the Sports.com platform.
The capital will enable Lottery.com to resume its core domestic lottery operations and expand its international reach into markets such as Mexico, Africa, Asia, and Europe. Additionally, the funds will support growth in the $2.4 trillion global streaming and sports content market, focusing on content production and fan engagement through its Sports.com platform.
Lottery.com remains in compliance with NASDAQ's listing requirements and SEC regulations, positioning itself strategically for growth. The company plans to leverage its premium digital assets, Lottery.com and Sports.com, as part of its buy-and-build acquisition strategy.
