Originally listed on Nasdaq in 2021, Lottery.com entered into a recovery loan agreement with Woodford Finance in December 2022, after the business suffered misconduct by its main officers and spiralled into deep distress.

Since receiving financial and strategic support from Woodford Finance, Lottery.com successfully recommenced operations and resumed ticket sales in April 2023, while securing a new and exclusive affiliate agreement with International Gaming Alliance (IGA) to supply official Texas lottery tickets in the Dominican Republic.

Since this date, its officers have worked closely with the Woodford Finance team to ensure the technology platform could regain full compliance with the Nasdaq listing rules, and on 8th September 2023 announced receipt of formal notification from Nasdaq that it now complies with the minimum bid price requirement and filing requirement listing rule.

Specialising in working with distressed assets and business turnaround projects, Woodford Finance will now support the future growth and development of the Lottery.com platform, with the option to extend its £2.5 million loan facility to £50 million.

For more information, visit: https://www.nasdaq.com/press-release/lottery.com-regains-nasdaq-compliance-2023-09-12