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Gregory A. Potts, Chief Operating Officer of Lottery.com Inc. (NASDAQ:LTRY), has reported the sale of 25,000 shares of the company’s common stock, according to a recent SEC filing. The transactions, which took place on February 25 and 26, 2025, were executed at prices ranging from $1.35 to $1.60 per share, totaling approximately $37,000. The micro-cap company, currently valued at $18.6 million, has seen its stock surge 177% year-to-date despite showing weak financial health indicators according to InvestingPro analysis.
Following these transactions, Potts maintains ownership of 250,835 shares in the company. These sales were recorded as direct ownership transactions. The stock’s recent volatility and significant price movements have attracted investor attention, with the shares trading near their current Fair Value based on InvestingPro calculations. Notably, the company’s current ratio of 0.67 indicates potential liquidity challenges, with short-term obligations exceeding liquid assets.
In other recent news, Lottery.com Inc. has announced several significant developments. The company held its 2024 Annual Meeting, during which shareholders approved a reverse stock split proposal, but the Board of Directors decided not to proceed with it. Additionally, Lottery.com has formed a global advisory board to aid in its expansion and strategic development, with industry veterans offering guidance. In a move to bolster international growth, Lottery.com is acquiring a gaming platform from PlusEVO Ltd. for $1.5 million, aimed at enhancing its global operations by March 31, 2025. The company has also launched its international lottery operations, targeting markets in Europe and Africa, with expectations to generate new revenue by the end of March. Amid these expansions, Lottery.com faces a Nasdaq delisting threat due to a lapse in holding its annual meeting for 2023, which it aims to rectify with its upcoming 2024 Annual Meeting. These recent developments reflect Lottery.com’s strategic efforts to expand its market presence and address compliance challenges.
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