Lottery.com acquires Nook Holdings for ~$2.3M to expand sports/wellness services in UAE

Sports Entertainment Gaming Global Corp

Stock Purchase Agreement to acquire Nook Holdings Limited for 8.5M AED (~$2.314M USD) effective Sept 28, 2023.
Nook supports sports/fitness professionals in Dubai/UAE with exclusive DMCC Free Zone partnership.
Control expected upon first payment on Oct 31, 2023; acquisition to close by Nov 30, 2024.
Lottery.com retains right to assign the Agreement to affiliates or third parties at its sole discretion.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Sports Entertainment Gaming Global Corp entered into Stock Purchase Agreement with Nook Holdings Limited with Nook Holdings Limited valued at 8.5 million United Arab Emirates Dirham (approximately $2.314 million USD) (effective 2023-09-28).

Action: entry
Agreement: equity purchase
Counterparty: Nook Holdings Limited
Value: 8.5 million United Arab Emirates Dirham (approximately $2.314 million USD)
Effective: 2023-09-28

Exact text from the filing

Lottery.com Inc. (the “Company” or the “Registrant”) entered into a Stock Purchase Agreement (the “Agreement”) effective September 28, 2023, with the shareholders of Nook Holdings Limited (“Nook”), a private limited company incorporated and registered in the Abu Dhabi Global Market, Abu Dhabi, United Arab Emirates (“UAE”).

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Source: SEC EDGAR

accession 0001493152-23-034945

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