On May 6, 2024, Lottery.com Inc., a leading technology company in the lottery and sports media content delivery sector, announced the engagement of Cohen & Company Capital Markets (CCM), a division of J.V.B. Financial Group LLC, as its financial advisor. This strategic move is aimed at accelerating Lottery.com's global expansion and acquisition strategy. The company's 'buy and build' strategy is supported by a $150 million loan facility from United Capital Investments Limited, with additional backing from strategic investors like Prosperity Investment Management. CCM will guide Lottery.com through potential acquisitions and business combinations to enhance its product offerings and market reach. The agreement includes a non-refundable quarterly retainer fee of $60,000 for CCM, payable in cash or shares...Show More

On May 6, 2024, Lottery.com Inc., a leading technology company in the lottery and sports media content delivery sector, announced the engagement of Cohen & Company Capital Markets (CCM), a division of J.V.B. Financial Group LLC, as its financial advisor. This strategic move is aimed at accelerating Lottery.com's global expansion and acquisition strategy. The company's 'buy and build' strategy is supported by a $150 million loan facility from United Capital Investments Limited, with additional backing from strategic investors like Prosperity Investment Management. CCM will guide Lottery.com through potential acquisitions and business combinations to enhance its product offerings and market reach. The agreement includes a non-refundable quarterly retainer fee of $60,000 for CCM, payable in cash or shares of Lottery.com's common stock. The partnership targets a series of acquisitions over the next 12 months to strengthen Lottery.com's domestic and international operations, technological capabilities, and market presence. A key initiative is the development of Sports.com into a fully immersive streaming platform for sports fans globally, with a focus on motor sports and mainstream American sports. The company is also targeting the soccer market, with plans to acquire soccer clubs and grow their brands using the Sports.com platform. Matthew McGahan, CEO of Lottery.com, emphasized the importance of CCM's expertise in financial structuring and fundraising to the company's global expansion and acquisition efforts.