Lottery.Com Signs MOU To Acquire CMF Media For $1M In Common Stock To Support Sports.Com's Original Content Production; Acquisition To Be Issued At $3.00 Per Share
Portfolio Pulse from Benzinga Newsdesk
Lottery.Com has signed a Memorandum of Understanding to acquire CMF Media for $1 million in common stock, priced at $3.00 per share. This acquisition aims to support the original content production for Sports.Com.
September 25, 2024 | 5:40 pm
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Lottery.Com is acquiring CMF Media for $1 million in common stock to enhance Sports.Com's content production. The stock is valued at $3.00 per share for this transaction.
The acquisition of CMF Media by Lottery.Com is a strategic move to bolster Sports.Com's content production capabilities. The transaction involves issuing $1 million in common stock at $3.00 per share, which could positively impact LTRY's stock price by expanding its content offerings and potentially increasing its market reach.
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IMPORTANCE 80
RELEVANCE 90