Lottery.com Inc. Faces Delisting Concerns
Ticker: LTRYW · Form: 8-K · Filed: Nov 1, 2024 · CIK: 1673481
| Field | Detail |
|---|---|
| Company | Lottery.Com INC. (LTRYW) |
| Form Type | 8-K |
| Filed Date | Nov 1, 2024 |
| Risk Level | high |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001, $230.00, $5,000,000 |
| Sentiment | bearish |
Sentiment: bearish
Topics: delisting, compliance, stock-exchange
Related Tickers: LTRY
TL;DR
Lottery.com (LTRY) is on the verge of being delisted, major red flag for investors.
AI Summary
Lottery.com Inc. filed an 8-K on November 1, 2024, reporting a notice of delisting or failure to satisfy a continued listing rule. The company previously operated under the name Trident Acquisitions Corp. and changed its name on April 29, 2016. The filing indicates potential issues with maintaining its listing on the stock exchange.
Why It Matters
This filing signals potential financial distress or non-compliance with exchange rules, which could lead to the stock being removed from trading, impacting investors.
Risk Assessment
Risk Level: high — A notice of delisting directly threatens the company's ability to remain publicly traded, posing a significant risk to shareholders.
Key Players & Entities
- Lottery.com Inc. (company) — Registrant
- Trident Acquisitions Corp. (company) — Former company name
- October 28, 2024 (date) — Earliest event reported date
- November 1, 2024 (date) — Filing date
FAQ
What specific listing rule or standard has Lottery.com Inc. failed to satisfy?
The filing is a notice of delisting or failure to satisfy a continued listing rule or standard, but the specific rule is not detailed in the provided text.
When was the company formerly known as Trident Acquisitions Corp.?
The company changed its name from Trident Acquisitions Corp. on April 29, 2016.
What is the primary purpose of this Form 8-K filing?
The primary purpose is to report a notice of delisting or failure to satisfy a continued listing rule or standard.
What is the business address of Lottery.com Inc.?
The business address is 5049 Edwards Ranch Rd., 4th Floor, Ft. Worth, TX 76109.
What is the earliest event date reported in this filing?
The earliest event date reported is October 28, 2024.
Filing Stats: 546 words · 2 min read · ~2 pages · Grade level 10.8 · Accepted 2024-11-01 16:05:16
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
- $5,000,000 — longer meets the minimum requirement of $5,000,000 set forth in Nasdaq Listing Rule 5450(b
Filing Documents
- form8-k.htm (8-K) — 41KB
- 0001493152-24-043317.txt ( ) — 262KB
- ltry-20241028.xsd (EX-101.SCH) — 4KB
- ltry-20241028_def.xml (EX-101.DEF) — 29KB
- ltry-20241028_lab.xml (EX-101.LAB) — 36KB
- ltry-20241028_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 November 1, 2024