Lottery.com enters stock purchase agreement with PlusEVO to acquire subsidiary

Lottery.com (LTRY) announced that it entered into a stock purchase agreement with PlusEVO to acquire its wholly-owned subsidiary, Spektrumin an all-stock transaction valued at $1.5M. In consideration of the acquisition, PlusEVO will receive 500,000 shares of the company’s restricted common stock over the course of 30-months valued at $3 per share. Completion of the acquisition provides the company with ownership of the technology platform being used to support its international market entry and rapid revenue growth expansion plans.