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On February 5, 2024, Lottery.com Inc., a leading online lottery services provider, announced the signing of a Memorandum of Understanding (MOU) with WA Technology Group Limited (WATG). Under the MOU, Lottery.com will issue $500,000 in restricted common stock to WATG at $3.00 per share. A second payment of equivalent value is due in five years and two months, based on the market value of the stock at that time. Additionally, Lottery.com will appoint a WATG representative as a consultant to aid in global expansion. The partnership grants Lottery.com a license for WATG's Lottery Player & Account Management Software and access to WATG's iGaming solutions. This collaboration aims to grow the Lottery.com brand and operations worldwide, with a definitive...Show More
On February 5, 2024, Lottery.com Inc., a leading online lottery services provider, announced the signing of a Memorandum of Understanding (MOU) with WA Technology Group Limited (WATG). Under the MOU, Lottery.com will issue $500,000 in restricted common stock to WATG at $3.00 per share. A second payment of equivalent value is due in five years and two months, based on the market value of the stock at that time. Additionally, Lottery.com will appoint a WATG representative as a consultant to aid in global expansion. The partnership grants Lottery.com a license for WATG's Lottery Player & Account Management Software and access to WATG's iGaming solutions. This collaboration aims to grow the Lottery.com brand and operations worldwide, with a definitive agreement to follow. The details of the MOU will be included in Lottery.com's upcoming 10-K filing. Concurrently, a press release on February 7, 2024, detailed a purchase agreement with WA.Technology to expand Lottery.com's global reach, particularly in Africa, the Pacific Region, Brazil, and Latin America. The agreement includes a suite of services to support Lottery.com's expansion, leveraging WA.Technology's iGaming platform and operational expertise.
2024年2月5日，领先的在线彩票服务提供商Lottery.com公司宣布与西澳科技集团有限公司（WATG）签署谅解备忘录（MOU）。根据谅解备忘录，Lottery.com将以每股3.00美元的价格向WATG发行50万美元的限制性普通股。根据当时股票的市场价值，第二笔等值款项将在五年零两个月后到期。此外，Lottery.com将任命一名WATG代表作为顾问，以协助全球扩张。该合作伙伴关系向Lottery.com授予了WATG彩票玩家和账户管理软件的许可证，并允许使用WATG的iGaming解决方案。此次合作旨在发展Lottery.com的品牌和全球业务，随后将达成最终协议。谅解备忘录的细节将包...展开全部
2024年2月5日，领先的在线彩票服务提供商Lottery.com公司宣布与西澳科技集团有限公司（WATG）签署谅解备忘录（MOU）。根据谅解备忘录，Lottery.com将以每股3.00美元的价格向WATG发行50万美元的限制性普通股。根据当时股票的市场价值，第二笔等值款项将在五年零两个月后到期。此外，Lottery.com将任命一名WATG代表作为顾问，以协助全球扩张。该合作伙伴关系向Lottery.com授予了WATG彩票玩家和账户管理软件的许可证，并允许使用WATG的iGaming解决方案。此次合作旨在发展Lottery.com的品牌和全球业务，随后将达成最终协议。谅解备忘录的细节将包含在Lottery.com即将提交的10-K申请中。同时，2024年2月7日的新闻稿详细介绍了与WA.Technology的收购协议，以扩大Lottery.com的全球影响力，特别是在非洲、太平洋地区、巴西和拉丁美洲。该协议包括利用WA.Technology的iGaming平台和运营专业知识支持Lottery.com扩张的一系列服务。
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