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Filed by Trident Acquisitions Corp.
Pursuant to Rule 425 under the Securities Act of 1933
and deemed filed pursuant to Rule 14a-12
of the Securities Exchange Act of 1934
Subject Company: Trident Acquisitions Corp.
Commission File No. 001-38508
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Lottery.com Hosts Investor Webcast in Connection
with its Previously Announced Business Combination with Trident Acquisitions Corp.
NEW YORK, NY and AUSTIN, TX, April 28, 2021 (GLOBE NEWSWIRE) – Lottery.com (“Lottery.com” or the “Company”),
a leading platform that delivers users a safe and secure way to play official lottery games directly from their mobile devices, hosted
an investor webcast in connection with its previously announced definitive merger agreement with Trident Acquisitions Corp. (“Trident”)
(Nasdaq: TDACU, TDAC, TDACW).
The investor webcast can be accessed here
and is also available on the respective Lottery.com and Trident websites at lottery.com/investor-relations and tridentacquisitions.com.
“We are thrilled that we are partnering
with Trident to bring our exciting company to the public markets,” said Tony DiMatteo,
CEO and Co-Founder of Lottery.com. “Our team looks forward to using the capital contemplated in this merger to accelerate our growth
and drive shareholder value in the years to come.”
For any questions or inquiries, please contact
TDAC@gatewayir.com.
About Lottery.com
AutoLotto, Inc. doing business as Lottery.com
is an online platform that provides users with a safe and secure platform to play official lottery games directly from their mobile devices,
offering state-sanctioned U.S. lottery products to participants within the United States and around the world. Lottery.com’s proprietary
blockchain technology maintains an accurate ledger of each transaction, while reducing the opportunity for fraudulent activity.
About Trident Acquisitions Corp.
Trident Acquisitions Corp. is a special purpose acquisition
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 listed on the Nasdaq stock exchange
under the ticker symbols TDACU, TDAC and TDACW. For more information, visit tridentacquisitions.com.
Important Information
and Where to Find it
In connection with
the proposed business combination, Trident expects to file a registration statement on Form S-4 (the “Registration Statement”)
that will include a preliminary proxy statement with the SEC for the solicitation of proxies from Trident's shareholders. Additionally,
Trident will file other relevant materials with the SEC in connection with the proposed business combination. Copies may be obtained
free of charge at the SEC's web site at www.sec.gov. A definitive proxy statement will be mailed to Trident shareholders as of
a record date to be established for voting on the proposed business combination. Investors and security holders of Trident are urged
to read the Registration Statement and the other relevant materials when they become available before making any voting decision with
respect to the proposed business combination because they will contain important information about the business combination and the parties
to the business combination. The information contained on, or that may be accessed through, the websites referenced in this press release
is not incorporated by reference into, and is not a part of, this press release.
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Forward Looking
Statements
The information in
this press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933,
as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical
fact included in this presentation, regarding the proposed business combination between Trident and Lottery.com, Trident and the Company’s
ability to consummate the transactions, the benefits of the transactions, the Company’s estimated growth, operational and state
expansion, and the combined company’s future financial performance, as well as the combined company’s strategy, future operations,
estimated financial position, estimated revenues and losses, projected costs, prospects, plans and objectives of management are forward-looking
statements. When used in this press release, the words “could,” “should,” “will,” “may,”
“believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,”
the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking
statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions
about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise
required by applicable law, the Company disclaims any duty to update any forward-looking statements, all of which are expressly qualified
by the statements in this section, to reflect events or circumstances after the date of this press release. The Company cautions you that
these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which
are beyond the control of either Trident or the Company. In addition, the Company cautions you that the forward-looking statements contained
in this press release are subject to the following factors: (i) the occurrence of any event, change or other circumstances that could
delay the business combination or give rise to the termination of the agreements related thereto; (ii) the outcome of any legal proceedings
that may be instituted against Trident or the Company following announcement of the proposed business combination; (iii) the inability
to complete the business combination due to the failure to obtain approval of the stockholders of Trident, or other conditions to closing
in the business combination agreement; (iv) the risk that the proposed business combination disrupts the Company’s current plans
and operations as a result of the announcement of the transactions; (v) the Company’s ability to realize the anticipated benefits
of the business combination, which may be affected by, among other things, competition and the ability of the Company to grow and manage
growth profitably following the business combination; (vi) costs related to the business combination; (vii) risks related to the rollout
of the Company’s business and the timing of expected business milestones; (viii) the Company’s dependence on obtaining and
maintaining lottery retail licenses or consummating partnership agreements in various markets; (ix) the Company’s ability to maintain
effective internal controls over financial reporting, including the remediation of identified material weaknesses in internal control
over financial reporting relating to segregation of duties with respect to, and access controls to, its financial record keeping system,
and the Company’s accounting staffing levels; (x) the effects of competition on the Company’s future business; (xi) risks
related to the Company’s dependence on its intellectual property and the risk that the Company’s technology could have undetected
defects or errors; (xii) changes in applicable laws or regulations; (xiii) the COVID-19 pandemic and its effect on the Company and the
economy generally; (xiv) risks related to disruption of management time from ongoing business operations due to the proposed business
combination; (xv) risks relating to privacy and data protection laws, privacy or data breaches, or the loss of data; (xvi) the possibility
that the Company may be adversely affected by other economic, business, and/or competitive factors; (xvii) a decline in the digital asset
market or general economic conditions; (xviii), changes in laws or approaches to regulation of, or the failure or delay in the adoption
of, digital assets and the blockchain ecosystem by institutions or individuals, or the failure to obtain a required regulatory approval
required hereunder; or (xviii) failure to consummate the transactions contemplated between the parties on terms substantially similar
to the memorandum of understanding in a timely manner. Should one or more of the risks or uncertainties described in this press release
materialize or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in
any forward-looking statements. Additional information concerning these and other factors that may impact the operations and projections
discussed herein can be found in the reports that Trident has filed and will file from time to time with the SEC, including its Annual
Report on Form 10-K for the fiscal year ended December 31, 2020. Trident’s SEC filings are available publicly on the SEC’s
website at www.sec.gov.
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Participants in
the Solicitation
Trident and its directors
and officers may be deemed participants in the solicitation of proxies of Trident's shareholders in connection with the proposed business
combination. Lottery.com and its officers and directors may also be deemed participants in such solicitation. Security holders may obtain
more detailed information regarding the names, affiliations and interests of certain of Trident's executive officers and directors in
the solicitation by reading Trident's Annual Report on Form 10-K for the fiscal year ended December 31, 2020, and the Proxy Statement
and other relevant materials filed with the SEC in connection with the business combination when they become available. Information concerning
the interests of Trident's participants in the solicitation, which may, in some cases, be different than those of their stockholders generally,
will be set forth in the proxy statement relating to the business combination when it becomes available.
No Offer or Solicitation
This communication
does not constitute an offer to sell or the solicitation of an offer to buy any securities or constitute a solicitation of any vote or
approval.
Lottery.com Contact:
Cody Billingsley
(512) 537-5713
cody@lottery.com
Investor Relations Contact:
Gateway Investor Relations
Cody Slach
(949) 574-3860
TDAC@gatewayir.com
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