Lottery.com Announces That It Entered Into A Stock Purchase Agreement With PlusEVO To Acquire Its Wholly-Owned Subsidiary, Spektrum In An All-Stock Transaction Valued At $1.5M; PlusEVO Will Receive 500,000 Shares Of The Co's Restricted Common Stock Over The Course Of 30-Months Valued At $3/ Share

Lottery.com Inc. (NASDAQ:LTRY, LTRYW))) ("Lottery.com" or the "Company"), a leading technology company in digital lottery and sports entertainment, announces that it entered into a Stock Purchase Agreement with PlusEVO Ltd. to acquire its wholly-owned subsidiary, Spektrum Ltd in an all-stock transaction valued at $1.5 million (the "SPA"). In consideration of the acquisition, PlusEVO will receive 500,000 shares of the Company's restricted common stock over the course of 30-months valued at $3 per share. Completion of the acquisition provides the Company with ownership of the technology platform being used to support its international market entry and rapid revenue growth expansion plans.

Lottery.com's acquisition of technology tailored specifically for international territories allows it to align and mirror that of many of the European, African and Asia lottery competitors by brining additional game play outside of standard lottery directly to the consumer driving greater end user engagement.