Lottery.com Chariman addresses effective Form S-1 Registration Statement

Lottery.com (LTRY) announce that the U.S. Securities and Exchange Commission, SEC, has declared the Company’s Form S-1 Registration Statement effective on October 16, 2024. Following the declaration, Matthew McGahan, Lottery.com Chairman and CEO, wrote an open letter to the Company’s shareholders to address the Company’s future and address accusations made again the Company and its directors and executives. “In October 2022, when I joined the Board of Lottery.com Inc. I was primarily tasked with leading a turnaround after years of mismanagement and turmoil, largely stemming from issues tied to the SPAC and business combination… Since then, we have restructured the entire leadership, installed a globally experienced Board with a proven track record in turnaround situations, and have introduced a new executive management team, supported by funding partners. Alongside this, we have brought in seasoned business consultants, revamped our investor relations team, and aligned with a new investment banking partner. This ambitious agenda was essential to stabilizing the Company and facilitated achieving a major milestone of submitting our Form S-1 in early September…. Our Focus for the Future: Lottery.com Expansion: Our primary objective is to have Lottery.com fully operational in the U.S. and expand the Lottery.com brand globally… Sports.com Evolution… Within the next six months, the platform will be available in the U.S. market as well as in several European countries and the Middle East. Sports.com will focus on delivering high-quality, live sports content directly to consumers, utilizing immersive 3D technology that is unmatched in the industry.”