Lottery.com also completes two previously announced acquisitions in Mexico
Trident Acquisitions Corp. (Nasdaq: TDACU, TDAC, TDACW) (“Trident”) announced today that it has filed with the U.S. Securities and Exchange Commission (“SEC”) a registration statement on Form S-4 (the “Registration Statement”) in connection with its proposed business combination with AutoLotto, Inc. (“Lottery.com”), a leading technology company that is transforming how, where and when the lottery is played. A link to the Registration Statement can be found .
Vadim Komissarov, Chief Executive Officer of Trident stated, “Through the hard work and collaboration of the Lottery.com and Trident teams, we have reached a significant milestone toward completing our business combination. We are committed to completing this business combination as soon as practicable and are excited about the future of Lottery.com.”
Tony DiMatteo, Chief Executive Officer of Lottery.com added, “I would like to thank the Trident team and the many Lottery.com team members whose commitment allowed us to file the Registration Statement today. I would also like to express appreciation to our investors for their support throughout this process. With this filing, we have taken an important step toward completing our business combination, which we now expect to be completed by the end of the third quarter of 2021.”
Lottery.com and Trident entered into a definitive agreement relating to the business combination on February 21, 2021. Immediately following the business combination and assuming no redemptions by Trident shareholders, Lottery.com expects to have approximately $43 million in cash, which will be used to expand Lottery.com’s global digital platform and fund working capital to support the company’s growth strategy.
Upon completion of the transaction, the combined company is expected to be named Lottery.com and its common stock and warrants are expected to remain listed on the Nasdaq Stock Market under the new ticker symbols “LTRY” and “LTRYW”, respectively.
Additionally, Lottery.com has completed the previously announced acquisitions of Medios Electronicos y de Comunicacion, S.A.P.I. de C.V (“Aganar”) and JuegaLotto, S.A. de C.V. (“JuegaLotto”). Aganar has been operating in the Mexican iLottery market since 2007 and is licensed to sell Mexican National Lottery games online and has access to a federally approved online casino and sportsbook gaming license. JuegaLotto is licensed to sell international lottery games in Mexico though a federal gaming portal and to sell other games of chance throughout Latin America.
DiMatteo said, “I’m extremely pleased to welcome Aganar and Juegalotto to Lottery.com. These acquisitions represent the progress we are making in the execution our growth strategy. These two leading companies will allow us to both expand our geographic footprint and broaden our product offerings, which we expect to further accelerate growth.”
Tentang Trident Acquisitions Corp.
Trident is a blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities. Trident’s securities are quoted on the Nasdaq stock exchange under the ticker symbols TDACU, TDAC and TDACW. For more information, visit www.tridentacquisitions.com/home.
Lottery.com is a leading technology company that is transforming how, where and when lottery is played. Its engaging mobile and online platforms enable players and commercial partners located in the U.S. and internationally to remotely purchase legally sanctioned lottery games. Fans and subscribers look to Lottery.com for compelling, real-time results on more than 800 lottery games from more than 40 countries. Additionally, through WinTogether.org, Lottery.com is fundamentally changing how non-profit donors are incentivized to action by gamifying charitable giving. In all that it does, Lottery.com’s mission remains the same: an uncompromising passion to innovate, grow a new demographic of enthusiasts, deliver responsible and trusted solutions, and promote community and philanthropic initiatives. For more information, visit http://www.lottery.com.
Pemberitahuan Penting Mengenai Pernyataan Berwawasan Ke Depan
This press release contains statements that constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this presentation, regarding the proposed business combination, Trident and Lottery.com’s ability to consummate the proposed business combination, the benefits of the transactions and the combined company’s future financial performance, as well as the combined company’s strategy, future operations, estimated financial position, estimated revenues and losses, projected costs, prospects, plans and objectives of management are forward-looking statements. Ketika digunakan dalam siaran pers ini, kata-kata "bisa", "harus", "akan", "mungkin", "percaya", "mengantisipasi", "berniat", "memperkirakan", "mengharapkan", "proyek", negatif dari istilah tersebut dan ekspresi serupa lainnya dimaksudkan untuk mengidentifikasi pernyataan berwawasan ke depan, meskipun tidak semua pernyataan berwawasan ke depan mengandung kata-kata pengenal tersebut. Pernyataan berwawasan ke depan ini didasarkan pada ekspektasi dan asumsi manajemen saat ini tentang peristiwa di masa depan dan didasarkan pada informasi yang tersedia saat ini mengenai hasil dan waktu peristiwa di masa depan. Except as otherwise required by applicable law, Trident and Lottery.com disclaim any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this Current Report. Trident dan Lottery.com memperingatkan Anda bahwa pernyataan berwawasan ke depan ini tunduk pada banyak risiko dan ketidakpastian, yang sebagian besar sulit diprediksi dan banyak di antaranya berada di luar kendali Trident atau Lottery.com. Selain itu, Trident memperingatkan Anda bahwa pernyataan berwawasan ke depan yang terkandung dalam siaran pers ini tunduk pada faktor-faktor berikut: (i) terjadinya peristiwa apa pun, perubahan, atau keadaan lain yang dapat menunda kombinasi bisnis atau menyebabkan penghentian perjanjian terkait; (ii) hasil dari setiap proses hukum yang dapat dilakukan terhadap Trident atau Lottery.com setelah pengumuman transaksi; (iii) ketidakmampuan untuk menyelesaikan kombinasi bisnis karena tidak mendapat persetujuan dari pemegang saham Trident, atau kondisi lain untuk penutupan perjanjian merger; (iv) risiko kombinasi bisnis yang diusulkan mengganggu rencana dan operasi Lottery.com saat ini sebagai akibat dari pengumuman transaksi; (v) kemampuan Lottery.com untuk merealisasikan manfaat yang diharapkan dari kombinasi bisnis, yang dapat dipengaruhi oleh, antara lain, persaingan dan kemampuan Lottery.com untuk tumbuh dan mengelola pertumbuhan secara menguntungkan mengikuti kombinasi bisnis; (vi) biaya yang terkait dengan kombinasi bisnis; (vii) risiko yang terkait dengan peluncuran bisnis Lottery.com dan waktu pencapaian bisnis yang diharapkan; (viii) ketergantungan Lottery.com untuk mendapatkan dan memelihara lisensi ritel lotere atau menyelesaikan perjanjian kemitraan di berbagai pasar; (ix) Kemampuan Lottery.com untuk mempertahankan kontrol internal yang efektif atas pelaporan keuangan, termasuk perbaikan kelemahan material yang teridentifikasi dalam pengendalian internal atas pelaporan keuangan yang berkaitan dengan pemisahan tugas sehubungan dengan, dan kontrol akses ke, sistem penyimpanan catatan keuangannya, dan Tingkat staf akuntansi Lottery.com; (x) efek persaingan pada bisnis Lottery.com di masa depan; (xi) risiko yang terkait dengan ketergantungan Lottery.com pada kekayaan intelektualnya dan risiko bahwa teknologi Lottery.com dapat memiliki cacat atau kesalahan yang tidak terdeteksi; (xii) perubahan dalam hukum atau peraturan yang berlaku; (xiii) pandemi COVID-19 dan pengaruhnya langsung pada Lottery.com dan perekonomian secara umum; (xiv) risiko terkait terganggunya waktu manajemen dari operasi bisnis yang sedang berjalan akibat kombinasi bisnis yang diusulkan; (xv) risiko yang berkaitan dengan privasi dan undang-undang perlindungan data, pelanggaran privasi atau data, atau hilangnya data; dan (xvi) kemungkinan bahwa Lottery.com dapat dipengaruhi secara merugikan oleh faktor ekonomi, bisnis, dan / atau persaingan lainnya. Should one or more of the risks or uncertainties described in this Current Report materialize or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in the reports that Trident has filed and will file from time to time with the SEC, including its Annual Report on Form 10-K/A for the fiscal year ended December 31, 2020.
Informasi Penting dan Tempat Menemukannya
The proposed business combination will be submitted to shareholders of Trident for their consideration. Trident has filed a Registration Statement with the SEC which includes a preliminary proxy statement and will include a definitive proxy statement to be distributed to Trident’s stockholders in connection with Trident’s solicitation for proxies for the vote by Trident’s stockholders in connection with the proposed business combination and other matters as described in the Registration Statement, as well as the prospectus relating to the offer of the securities to be issued to Lottery.com’s shareholders in connection with the completion of the proposed business combination. After the Registration Statement has been declared effective, Trident will mail a definitive proxy statement and other relevant documents to its shareholders as of the record date established for voting on the proposed business combination. Trident’s shareholders and other interested persons are advised to read the preliminary proxy statement / prospectus and any amendments thereto and, once available, the definitive proxy statement / prospectus, in connection with Trident’s solicitation of proxies for its special meeting of shareholders to be held to approve, among other things, the proposed business combination, because these documents will contain important information about Trident, Lottery.com and the proposed business combination. Stockholders may also obtain a copy of the preliminary proxy statement or, once available, the definitive proxy statement, as well as other documents filed with the SEC regarding the proposed business combination and other documents filed with the SEC by Trident, without charge, at the SEC’s website located at www.sec.gov or by directing a request to Cody Slach, (949) 574-3860, TDAC@gatewayir.com. The information contained on, or that may be accessed through, the websites referenced in this press release is not incorporated by reference into, and is not a part of, this press release.
Peserta dalam Ajakan tersebut
Trident and its directors and officers may be deemed participants in the solicitation of proxies of Trident’s stockholders in connection with the proposed business combination. Lottery.com and its officers and directors may also be deemed participants in such solicitation. Security holders may obtain more detailed information regarding the names, affiliations and interests of certain of Trident’s executive officers and directors in the solicitation by reading Trident’s Annual Report on Form 10-K/A for the fiscal year ended December 31, 2020, and the Registration Statement and other relevant materials filed with the SEC in connection with the business combination when they become available. Information concerning the interests of Trident’s participants in the solicitation, which may, in some cases, be different than those of their stockholders generally, will be set forth in the proxy statement relating to the business combination when it becomes available.
Tidak ada Penawaran atau Permintaan
This communication shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act.
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