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.
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.
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)
537-5713cody@lottery.com Investor
Relations Contact:Gateway Investor RelationsCody
Slach(949) 574-3860TDAC@gatewayir.com
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