Trident (NASDAQ: TDAC, TDACU, TDACW), a special purpose acquisition company, previously announced its entry into a definitive agreement with AutoLotto Inc. (“Lottery.com”), a leading platform to play the lottery online. The agreement allows Lottery.com to become a publicly listed company. Today, Lotty.com and TDAC provided a business update, available on Lottery.com’s Investor Relations website. In addition, Lottery.com provided preliminary results for second quarter 2021 revenue, which is expected to be between $9.1 million and $9.6 million on a reported basis and between $10.0 million and $10.5 million on a pro-forma basis including the recently acquired interests in Juega Lotto and Aganar. According to the update, this compares to $0.9 million on a reported basis in the second quarter of 2020. “Our revenue in the first half of the year is tracking ahead of our internal estimates, and based on the progress we are making on several initiatives and historical growth trends, we are forecasting strong sequential growth in the second half of 2021,” said Tony DiMatteo, CEO of Lottery.com. “We continue to focus on bringing new products to market and executing agreements with new partners, affiliates and complimentary service providers to realize our vision of being a premier global marketplace for all forms of online gaming.”
To view the full press release, visit https://ibn.fm/gBiAJ
About Trident Acquisitions Corp.
Trident is a blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities. Trident’s securities are quoted on the Nasdaq stock exchange under the ticker symbols TDACU, TDAC and TDACW. For more information, visit www.TridentAcquisitions.com.
NOTE TO INVESTORS: The latest news and updates relating to Lottery.com are available in the company’s newsroom at https://ibn.fm/Lottery
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