Trident Acquisitions (NASDAQ: TDACU, TDAC, TDACW), a special purpose acquisition company, has announced that it has entered into definitive agreement with AutoLotto Inc., a leading online platform to play the lottery online. The agreement allows Lottery.com to become a publicly listed company. In addition, it means that Lottery.com can become a global marketplace that legally offers games of chance to game enthusiasts around the world. Currently the global lottery sales space is estimated at $430 billion, with only 4% of that online so the potential for the market is vast. Other advantage of the merger is that it allows both companies to be part of an innovative ecommerce platform that is bringing an outdated industry into the digital age and as a growing number of gambling industries are moving online, at least in part because of the global pandemic. “Lottery.com’s innovative platform has already made significant progress bringing the lottery industry into the digital age and continuing to expand its markets both domestically and internationally,” said Trident CEO Vadim Komissarov in the press release. “With a track record of substantial growth and user base expansion in a relatively short period of time, we are confident that Lottery.com has the ability to cement its place as a leading online platform to both play the lottery and to introduce additional wagering and games of chance worldwide. We believe this transaction will allow Lottery.com to be on a path to reach its true growth potential, and we look forward to working with the team as we introduce their compelling story to the public markets.”
To view the full press release, visit https://ibn.fm/iHqDT
About Trident Acquisitions Corp.
Trident Acquisitions is a special purpose acquisition 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 listed on the Nasdaq stock exchange under the ticker symbols TDACU, TDAC and TDACW. For more information, visit www.TridentAcquisitions.com
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