Trident (NASDAQ: TDAC, TDACU, TDACW), a special purpose acquisition company, previously announced its entry into a definitive agreement with AutoLotto Inc. (doing business as “Lottery.com”), a leading platform to play the lottery online. The agreement allows Lottery.com to become a publicly listed company. Trident today announced that it has filed an updated investor presentation with the Securities and Exchange Commission (“SEC”) in connection with its business combination with Lottery.com. The presentation includes, among other things, positive updates to peer valuation metrics and reiterates Lottery.com’s strong financial outlook and 2021 financial projections. The outlook is supported by strong preliminary second quarter 2021 results announced in early August. Lottery.com achieved sequential revenue growth averaging approximately 87% per quarter during the last four quarters ended June 30, 2021. The company expects similar average growth in the near term as well as additional tailwind to revenue growth from the acquired interests in JuegaLotto and Aganar.
To view the full press release, visit https://ibn.fm/zBYHu
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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