Lottery.com Finalizes Agreement Terms For S&MI Ltd Acquisition; Total Acquisition Price Is To Be Satisfied With Equity Of Common Stock In Lottery.com Priced At $3.00 Per Share
Portfolio Pulse from Benzinga Newsdesk
Lottery.com has finalized the acquisition terms for S&MI Ltd, with the acquisition price to be paid in Lottery.com common stock at $3.00 per share. This acquisition aims to enhance the Sports.com brand and expand its market reach, particularly in the Middle East and North Africa.
August 20, 2024 | 7:00 pm
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Lottery.com has finalized the acquisition of S&MI Ltd, with the acquisition price paid in common stock at $3.00 per share. This move is expected to enhance the Sports.com brand and expand its market reach.
The acquisition of S&MI Ltd by Lottery.com is a strategic move to enhance the Sports.com brand and expand into new markets. The payment in common stock at $3.00 per share suggests confidence in the company's valuation and future prospects. This acquisition is likely to positively impact Lottery.com's stock price in the short term as it opens up new growth opportunities.
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IMPORTANCE 80
RELEVANCE 100