Summary by Futu AI
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