Lottery.com secures increased funding from Univest

Lottery.com announces a substantial expansion in its fundraising efforts. The Company has amended its placement agent agreement with Univest Securities, significantly increasing the commitment from new and existing investors. This move underscores the confidence in Lottery.com’s vision and operational strategy, setting a solid foundation for the Company’s growth and expansion. Under the revised terms of the agreement, the offering amount has been increased from $1,000,000 to $5,000,000 due to strong investor interest. Each unit in the offering consists of a convertible promissory note, paired with a common stock purchase warrant, providing investors with significant opportunities for engagement and investment in Lottery.com’s future. The committed funds will be used for general working capital; to explore new acquisition opportunities; and to invest in operations which will ensure the normalization of services, expected to recommence this month.