Lottery.com also completes two previously announced acquisitions in Mexico

Trident Acquisitions Corp. (Nasdaq: TDACU, TDAC, TDACW) (“Trident”) announced today that it has filed with the U.S. Securities and Exchange Commission (“SEC”) a registration statement on Form S-4 (the “Registration Statement”) in connection with its proposed business combination with AutoLotto, Inc. (“Lottery.com”), a leading technology company that is transforming how, where and when the lottery is played. A link to the Registration Statement can be found CDL Super Session..

Vadim Komissarov, Chief Executive Officer of Trident stated, “Through the hard work and collaboration of the Lottery.com and Trident teams, we have reached a significant milestone toward completing our business combination. We are committed to completing this business combination as soon as practicable and are excited about the future of Lottery.com.”

Tony DiMatteo, Chief Executive Officer of Lottery.com added, “I would like to thank the Trident team and the many Lottery.com team members whose commitment allowed us to file the Registration Statement today. I would also like to express appreciation to our investors for their support throughout this process. With this filing, we have taken an important step toward completing our business combination, which we now expect to be completed by the end of the third quarter of 2021.”

Lottery.com and Trident entered into a definitive agreement relating to the business combination on February 21, 2021. Immediately following the business combination and assuming no redemptions by Trident shareholders, Lottery.com expects to have approximately $43 million in cash, which will be used to expand Lottery.com’s global digital platform and fund working capital to support the company’s growth strategy.

Upon completion of the transaction, the combined company is expected to be named Lottery.com and its common stock and warrants are expected to remain listed on the Nasdaq Stock Market under the new ticker symbols “LTRY” and “LTRYW”, respectively.   

Additionally, Lottery.com has completed the previously announced acquisitions of Medios Electronicos y de Comunicacion, S.A.P.I. de C.V (“Aganar”) and JuegaLotto, S.A. de C.V. (“JuegaLotto”). Aganar has been operating in the Mexican iLottery market since 2007 and is licensed to sell Mexican National Lottery games online and has access to a federally approved online casino and sportsbook gaming license. JuegaLotto is licensed to sell international lottery games in Mexico though a federal gaming portal and to sell other games of chance throughout Latin America. 

DiMatteo said, “I’m extremely pleased to welcome Aganar and Juegalotto to Lottery.com. These acquisitions represent the progress we are making in the execution our growth strategy. These two leading companies will allow us to both expand our geographic footprint and broaden our product offerings, which we expect to further accelerate growth.”

Over 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/home.

Over Lottery.com

Lottery.com is a leading technology company that is transforming how, where and when lottery is played. Its engaging mobile and online platforms enable players and commercial partners located in the U.S. and internationally to remotely purchase legally sanctioned lottery games. Fans and subscribers look to Lottery.com for compelling, real-time results on more than 800 lottery games from more than 40 countries. Additionally, through WinTogether.org, Lottery.com is fundamentally changing how non-profit donors are incentivized to action by gamifying charitable giving. 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. For more information, visit http://www.lottery.com.

Belangrijke mededeling met betrekking tot toekomstgerichte verklaringen

This press release contains statements that constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this presentation, regarding the proposed business combination, Trident and Lottery.com’s ability to consummate the proposed business combination, the benefits of the transactions and the combined company’s future financial performance, as well as the combined company’s strategy, future operations, estimated financial position, estimated revenues and losses, projected costs, prospects, plans and objectives of management are forward-looking statements. Wanneer gebruikt in dit persbericht, worden de woorden 'zou kunnen', 'zou', 'zullen', 'kan', 'geloven', 'anticiperen', 'van plan zijn', 'schatten', 'verwachten', 'projecteren', de negatief van dergelijke termen en andere soortgelijke uitdrukkingen zijn bedoeld om toekomstgerichte verklaringen te identificeren, hoewel niet alle toekomstgerichte verklaringen dergelijke identificerende woorden bevatten. Deze toekomstgerichte verklaringen zijn gebaseerd op huidige managementverwachtingen en -aannames over toekomstige gebeurtenissen en zijn gebaseerd op momenteel beschikbare informatie. Except as otherwise required by applicable law, Trident and Lottery.com disclaim any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this Current Report. Trident en Lottery.com waarschuwen u dat deze toekomstgerichte verklaringen onderhevig zijn aan tal van risico's en onzekerheden, waarvan de meeste moeilijk te voorspellen zijn en waarvan vele buiten de controle van Trident of Lottery.com vallen. Bovendien waarschuwt Trident u dat de toekomstgerichte verklaringen in dit persbericht onderhevig zijn aan de volgende factoren: (i) het optreden van een gebeurtenis, verandering of andere omstandigheden die de bedrijfscombinatie kunnen vertragen of aanleiding kunnen geven tot de beëindiging van de overeenkomsten die daarmee verband houden; (ii) de uitkomst van enige juridische procedure die kan worden aangespannen tegen Trident of Lottery.com na aankondiging van de transacties; (iii) het onvermogen om de bedrijfscombinatie te voltooien als gevolg van het niet verkrijgen van goedkeuring van de aandeelhouders van Trident, of andere voorwaarden voor het sluiten van de fusieovereenkomst; (iv) het risico dat de voorgestelde bedrijfscombinatie de huidige plannen en activiteiten van Lottery.com verstoort als gevolg van de aankondiging van de transacties; (v) het vermogen van Lottery.com om de verwachte voordelen van de bedrijfscombinatie te realiseren, die onder andere kunnen worden beïnvloed door concurrentie en het vermogen van Lottery.com om te groeien en de groei winstgevend te beheren na de bedrijfscombinatie; (vi) kosten in verband met de bedrijfscombinatie; (vii) risico's gerelateerd aan de uitrol van Lottery.com's bedrijf en de timing van verwachte zakelijke mijlpalen; (viii) Lottery.com's afhankelijkheid van het verkrijgen en behouden van loterij-detailhandelslicenties of het aangaan van partnerschapsovereenkomsten in verschillende markten; (ix) het vermogen van Lottery.com om effectieve interne controles over financiële rapportage te handhaven, inclusief het verhelpen van geïdentificeerde materiële zwakheden in de interne controle over financiële rapportage met betrekking tot scheiding van taken met betrekking tot, en toegangscontroles tot, haar systeem voor het bijhouden van financiële gegevens, en Lottery.com's boekhoudkundige personeelsbestand; (x) de effecten van concurrentie op de toekomstige activiteiten van Lottery.com; (xi) risico's die verband houden met de afhankelijkheid van Lottery.com van haar intellectuele eigendom en het risico dat de technologie van Lottery.com niet-ontdekte defecten of fouten heeft; (xii) wijzigingen in toepasselijke wet- of regelgeving; (xiii) de COVID-19-pandemie en het directe effect ervan op Lottery.com en de economie in het algemeen; (xiv) risico's die verband houden met het verstoren van managementtijd uit lopende bedrijfsactiviteiten als gevolg van de voorgestelde bedrijfscombinatie; (xv) risico's met betrekking tot privacy- en gegevensbeschermingswetten, privacy- of datalekken, of het verlies van gegevens; en (xvi) de mogelijkheid dat Lottery.com nadelig wordt beïnvloed door andere economische, zakelijke en / of concurrentiefactoren. Should one or more of the risks or uncertainties described in this Current Report materialize or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in the reports that Trident has filed and will file from time to time with the SEC, including its Annual Report on Form 10-K/A for the fiscal year ended December 31, 2020.

Belangrijke informatie en waar u deze kunt vinden

The proposed business combination will be submitted to shareholders of Trident for their consideration. Trident has filed a Registration Statement with the SEC which includes a preliminary proxy statement and will include a definitive proxy statement to be distributed to Trident’s stockholders in connection with Trident’s solicitation for proxies for the vote by Trident’s stockholders in connection with the proposed business combination and other matters as described in the Registration Statement, as well as the prospectus relating to the offer of the securities to be issued to Lottery.com’s shareholders in connection with the completion of the proposed business combination. After the Registration Statement has been declared effective, Trident will mail a definitive proxy statement and other relevant documents to its shareholders as of the record date established for voting on the proposed business combination. Trident’s shareholders and other interested persons are advised to read the preliminary proxy statement / prospectus and any amendments thereto and, once available, the definitive proxy statement / prospectus, in connection with Trident’s solicitation of proxies for its special meeting of shareholders to be held to approve, among other things, the proposed business combination, because these documents will contain important information about Trident, Lottery.com and the proposed business combination. Stockholders may also obtain a copy of the preliminary proxy statement or, once available, the definitive proxy statement, as well as other documents filed with the SEC regarding the proposed business combination and other documents filed with the SEC by Trident, without charge, at the SEC’s website located at www.sec.gov or by directing a request to Cody Slach, (949) 574-3860, TDAC@gatewayir.com. The information contained on, or that may be accessed through, the websites referenced in this press release is not incorporated by reference into, and is not a part of, this press release.

Deelnemers aan de uitnodiging

Trident and its directors and officers may be deemed participants in the solicitation of proxies of Trident’s stockholders in connection with the proposed business combination. Lottery.com and its officers and directors may also be deemed participants in such solicitation. Security holders may obtain more detailed information regarding the names, affiliations and interests of certain of Trident’s executive officers and directors in the solicitation by reading Trident’s Annual Report on Form 10-K/A for the fiscal year ended December 31, 2020, and the Registration Statement and other relevant materials filed with the SEC in connection with the business combination when they become available. Information concerning the interests of Trident’s participants in the solicitation, which may, in some cases, be different than those of their stockholders generally, will be set forth in the proxy statement relating to the business combination when it becomes available.

Geen aanbod of uitnodiging

This communication shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act.

Trident Contacts:
Cody Slach
Gateway Investor Relations
+949 (574) 3860
TDAC@gatewayir.com

Vadim Komissarov
CEO, Trident
+646 (229) 7549
vkomissarov@tridentacquisitions.com 

Lottery.com Contactpersoon: 
Matthew Schlarb
VP, Investor Relations
+512 (585) 7789
ir@lottery.com