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Robert J. Stubblefield, Chief Financial Officer of Lottery.com Inc. (NASDAQ:LTRY), has reported a sale of company stock. The transaction comes as the stock shows significant momentum, with a remarkable 111% return over the past week and current trading at $1.42. According to InvestingPro analysis, the stock is currently trading above its Fair Value. According to a recent filing, Stubblefield sold 20,000 shares of Lottery.com at a price of $1.23 per share, amounting to a total transaction value of $24,600. Following this transaction, Stubblefield retains ownership of 265,000 shares.
The sale was disclosed in a Form 4 filing with the Securities and Exchange Commission, detailing the transactions conducted on February 6, 2025.
In other recent news, Lottery.com has been making significant strides in its operations. The company recently announced the expansion of its international lottery operations, targeting customers in Europe and Africa. This move is expected to generate new revenue by the end of March. Simultaneously, the company is facing a potential delisting from Nasdaq due to a lapse in its annual meeting of shareholders for the fiscal year 2023.
Lottery.com has also regained compliance with Nasdaq’s Listing Rule 5250(c)(1) for timely filing of periodic financial reports, after successfully filing its overdue Form 10-Q for the period ended September 30, 2024. In addition, the company has appointed Boladale Lawal & Company as its new independent registered public accounting firm.
In a significant development, Lottery.com has entered into a stock purchase agreement with Generating Alpha Ltd., allowing the investor to acquire up to $100 million of Lottery.com’s registered common stock. These are the recent developments that have taken place within the company.
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