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Lottery.com Secures Expanded $300 Million Facility Under Amended Stock Purchase Deal
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Lottery.com Secures Expanded $300 Million Facility Under Amended Stock Purchase Deal
Jun 23, 2025 8:43 AM

11:28 AM EDT, 06/23/2025 (MT Newswires) -- Lottery.com ( LTRY ) said Monday that it amended its stock purchase agreement with Generating Alpha, expanding the committed financing facility under the deal to $300 million from $100 million.

The amended agreement also reduces the discount given to Generating Alpha, saving Lottery.com ( LTRY ) almost $12 million over the term of the financing facility, the company said.

Lottery.com ( LTRY ) said it has drawn about $1.9 million from the facility in recent weeks for core business expenses.

Shares of Lottery.com ( LTRY ) were down more than 4% in recent Monday trading.

Price: 1.26, Change: -0.07, Percent Change: -5.11

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