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Lottery.com Inc. (NASDAQ:LTRY), a leading platform for online lottery play with a market capitalization of $15.75 million, received a delisting notice from the Nasdaq Listings Qualifications Staff on May 2, 2025. According to InvestingPro data, the company’s financial health score is currently rated as WEAK, with a current ratio of 0.52 indicating potential liquidity challenges. The notice indicated that the company failed to comply with Nasdaq’s shareholder approval requirements under Listing Rule 5635(c), specifically related to the establishment of its 2023 Employees’ Directors’ and Consultants Stock Issuance and Option Plan ("2023 Plan") and the Ad Hoc Grants and the shares issued in connection therewith.
The company is required to submit a plan to regain compliance within 45 calendar days of the notice. If Nasdaq accepts the plan, it may grant an extension of up to 180 calendar days, or until October 26, 2025, to demonstrate compliance. The company’s next earnings report is scheduled for May 15, 2025, which investors can track using InvestingPro’s comprehensive financial metrics and analysis tools.
The forward-looking statements in the press release are subject to numerous risks and uncertainties, including the company’s ability to secure additional capital, continue as a going concern, respond satisfactorily to Nasdaq inquiries, and regain compliance with Nasdaq Listing Rules. The company’s future filings with the SEC will provide additional information on these factors.
This article is based on a press release statement.
In other recent news, Lottery.com Inc. has announced its intention to acquire a majority stake in DotCom Ventures Inc. for $10 million. This acquisition will include premium domain assets like Concerts.com and TicketStub.com, aiming to integrate content and commerce with live experiences. Furthermore, Lottery.com has secured $250 million in funding to support its strategic growth plans, including a $150 million commitment from United Capital Investments London and $100 million from Generating Alpha. The company has also launched Sports.com and acquired Spektrum Ltd. to enhance its international technology capabilities. In a strategic partnership, Sports.com, a brand owned by Lottery.com, has teamed up with Orange Middle East and Africa to provide sports streaming and news content via the Max it app. Additionally, Lottery.com has entered into a sponsorship agreement with racecar driver Sebastian Murray for the INDY NXT by Firestone series, aligning with its broader marketing initiatives. The company plans to host its first shareholder webinar in over three years to discuss its strategic progress and future growth plans.
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