InvestorNewsBreaks – Trident Acquisitions Corp.’s (NASDAQ: TDAC) Pending Business Combination Partner Lottery.com Announces Corporate Update, Preliminary Q2 2021 Results

August 2, 2021 10:13:15
Trident (NASDAQ: TDAC, TDACU, TDACW), a special purpose acquisition company, previously announced its entry into a definitive agreement with AutoLotto Inc. (“Lottery.com”), a leading platform to play the lottery online. The agreement allows Lottery.com to become a publicly listed company. Today, Lotty.com and TDAC provided a business update, available on Lottery.com’s Investor Relations website. In addition, Lottery.com provided preliminary results for second quarter 2021 revenue, which is expected to be between $9.1 million and $9.6 million on a reported basis and between $10.0 million and $10.5 million on a pro-forma basis including the recently acquired interests in Juega Lotto and Aganar. According to the update, this compares to $0.9 million on a reported basis in the second quarter of 2020. “Our revenue in the first half of the year is tracking ahead of our internal estimates, and based on the progress we are making on several initiatives and historical growth trends, we are forecasting strong sequential growth in the second half of 2021,” said Tony DiMatteo, CEO of Lottery.com. “We continue to focus on bringing new products to market and executing agreements with new partners, affiliates and complimentary service providers to realize our vision of being a premier global marketplace for all forms of online gaming.” To view the full press release, visit https://ibn.fm/5A3JI About Trident Acquisitions Corp. Trident is a blank check 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 quoted on the Nasdaq stock exchange under the ticker symbols TDACU, TDAC and TDACW. For more information, visit www.TridentAcquisitions.com. NOTE TO INVESTORS: The latest news and updates relating to Lottery.com are available in the company’s newsroom at https://ibn.fm/Lottery

About InvestorWire

InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent. We offer UNLIMITED Words on all domestic releases. While other wire services may provide a basic review of your release, InvestorWire helps you put your best foot forward with complimentary Press Release Enhancement.

With our competitors, the work is done the second your release crosses the wire. Not with InvestorWire. We include follow-up coverage of every release by leveraging the ever-expanding audiences of the 50+ brands that make up the InvestorBrandNetwork.

Get more out of your next press release with InvestorWire. It’s unlike anything you’ve seen before.

For more information, please visit https://www.InvestorWire.com

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer

InvestorWire (IW) 8033 Sunset Blvd Suite 1037-IW Los Angeles, CA 90046 310.299.1717 Office www.InvestorWire.com Editor@InvestorWire.com

InvestorWire is part of the InvestorBrandNetwork.