Lottery.com Delisted from Nasdaq, Moves to OTC Pink
Ticker: LTRYW · Form: 8-K · Filed: Sep 13, 2024 · CIK: 1673481
| Field | Detail |
|---|---|
| Company | Lottery.Com INC. (LTRYW) |
| Form Type | 8-K |
| Filed Date | Sep 13, 2024 |
| Risk Level | high |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001, $230.00, $1 |
| Sentiment | bearish |
Sentiment: bearish
Topics: delisting, listing-transfer, otc
Related Tickers: LTRY
TL;DR
LTRY is getting kicked off Nasdaq and moving to the OTC Pink market. Big downgrade.
AI Summary
Lottery.com Inc. has received a notice of delisting from the Nasdaq Stock Market, indicating it failed to meet continued listing standards. The company is transferring its listing to the OTC Pink market, effective September 11, 2024. This move follows previous concerns about the company's financial health and operational status.
Why It Matters
The delisting from Nasdaq signifies a significant downgrade in the company's market standing and accessibility for investors, potentially impacting its ability to raise capital and its overall valuation.
Risk Assessment
Risk Level: high — Delisting from a major exchange like Nasdaq to the OTC Pink market indicates severe financial distress and failure to meet listing requirements, posing significant risk to investors.
Key Players & Entities
- Lottery.com Inc. (company) — The company filing the report and facing delisting.
- Nasdaq Stock Market (company) — The exchange from which Lottery.com Inc. is being delisted.
- OTC Pink (company) — The over-the-counter market where Lottery.com Inc. will be listed.
- September 11, 2024 (date) — The effective date of the transfer of listing.
FAQ
What is the primary reason for Lottery.com Inc.'s delisting from Nasdaq?
Lottery.com Inc. received a notice of delisting for failing to satisfy continued listing standards set by the Nasdaq Stock Market.
When is the transfer of Lottery.com Inc.'s listing to the OTC Pink market effective?
The transfer of listing to the OTC Pink market is effective as of September 11, 2024.
What type of filing is this for Lottery.com Inc.?
This is a Form 8-K filing, reporting a current event for Lottery.com Inc.
What was Lottery.com Inc.'s former company name?
Lottery.com Inc.'s former company name was Trident Acquisitions Corp.
In which state was Lottery.com Inc. incorporated?
Lottery.com Inc. was incorporated in Delaware.
Filing Stats: 583 words · 2 min read · ~2 pages · Grade level 10.9 · Accepted 2024-09-13 16:35:11
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 per share LTRY The Nasdaq Stock Mar
- $230.00 — mon stock, each at an exercise price of $230.00 LTRYW The Nasdaq Stock Market LLC
- $1 — ts common stock had closed at less than $1 per share over the previous 30 consecut
Filing Documents
- form8-k.htm (8-K) — 43KB
- 0001493152-24-036215.txt ( ) — 264KB
- ltry-20240911.xsd (EX-101.SCH) — 4KB
- ltry-20240911_def.xml (EX-101.DEF) — 29KB
- ltry-20240911_lab.xml (EX-101.LAB) — 36KB
- ltry-20240911_pre.xml (EX-101.PRE) — 26KB
- form8-k_htm.xml (XML) — 6KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Lottery.com Inc. By: /s/ Matthew McGahan Name: Matthew McGahan Title: Chief Executive Officer September 13, 2024