Lottery.com (NASDAQ: LTRY, LTRYW) today announced the successful conclusion of its 2023 Annual Meeting of Stockholders, held in a virtual-only format. According to the announcement, the meeting yielded significant positive outcomes, instilling confidence in Lottery.com’s trajectory and tremendous support for its vision. “The overwhelming support from our shareholders for the reverse stock split is a very important milestone in the transformation of our company. With these positive developments, we are poised to attract new opportunities and unlock greater potential for our business,” said Matthew McGahan, Lottery.com’s board chairman and interim CEO. “The board’s decision to remove the ‘option to purchase Sports.com’ from the UCIL agreement has created a significant boost in confidence for the company, its team, shareholders, and investors, reaffirming UCIL’s dedication to generating value for all stakeholders. We are immensely grateful for the trust and confidence our shareholders have placed in us.”
To view the full press release, visit https://ibn.fm/lAvmr
Lottery.com is a leading technology company that is transforming how, where and when lotteries are played. Its engaging mobile and online platforms enable players and commercial partners located throughout the United States and other countries to remotely purchase safe and legally sanctioned lottery games. Lottery participants look to the company’s website, Lottery.com, for compelling, real-time results on over 800 lottery games from over 40 countries. 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.
NOTE TO INVESTORS: The latest news and updates relating to LTRY are available in the company’s newsroom at https://ibn.fm/LTRY
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