Lottery.com Inc. Secures Increased Funding From Univest; Under The Revised Terms Of The Agreement, The Offering Amount Has Been Increased From $1M To $5M Due To Strong Investor Interest
Portfolio Pulse from Benzinga Newsdesk
Lottery.com Inc. (NASDAQ: LTRY, LTRYW) announced an increase in its fundraising efforts from $1M to $5M due to strong investor interest, facilitated by Univest Securities, LLC. The funds are aimed at general working capital, exploring new acquisitions, and investing in operations to normalize services. This reflects confidence in Lottery.com's strategy and operational capabilities, marking a significant step in the company's growth and expansion plans.
February 09, 2024 | 1:11 pm
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Lottery.com Inc. secures an increase in funding from $1M to $5M, indicating strong investor confidence and setting a solid foundation for future growth.
The substantial increase in funding from $1M to $5M for Lottery.com Inc. demonstrates strong investor interest and confidence in the company's strategy and operational capabilities. This financial boost is likely to positively impact the stock price in the short term as it provides the company with the necessary capital to accelerate growth plans, explore new acquisitions, and invest in operations. The announcement also strengthens the company's partnership with Univest Securities, LLC, further solidifying its financial and strategic foundation.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100