M&A
confidence high
sentiment positive
materiality 0.55
Lottery.com acquires Spektrum Ltd for $1.5M in stock to support international expansion
Sports Entertainment Gaming Global Corp
- Acquires Spektrum Ltd from PlusEVO for $1.5M in restricted stock (500,000 shares at $3/sh).
- Payment in five installments over 30 months; first $300K due 31 days after closing.
- Closing scheduled on or before March 13, 2025.
- Technology platform to support international lottery launch by March 31, 2025.
- CEO McGahan says acquisition adds revenue lines and drives shareholder value.