10:44 AM EST, 02/14/2025 (MT Newswires) -- Lottery.com ( LTRY ) said Friday it has signed a memorandum of understanding with PlusEVO to buy an advanced lottery management system and gaming platform to support its international expansion.

The all-stock purchase is valued at $1.5 million, payable over 30 months, with shares priced at $3 each, the company said.

The planned acquisition supports Lottery.com's ( LTRY ) goal to generate international revenue by March 31 through its technology stack, the company said.

Shares of the company were up more than 22% in recent trading.

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