Lottery.com has completed the acquisition of Spektrum from PlusEvo.
The deal is expected to be the first of several as the company aims for international expansion into Europe, Africa, and Asia.
The agreement worth $1.5 million in common stock, works out at a return of $3 per share.
Signed last Thursday (March 13), the deal will provide Lottery.com will additional platform capability to significantly scale up its lottery, sweepstakes, and gaming operations.
The takeover of Spektrum will deliver technological gains to support these activities, as well as providing key regulatory compliance in important jurisdictions.
Matthew McGahan, Lottery.com Chairman and CEO, offered the following on the deal and what it means for the company:
“I am delighted about this acquisition. Lottery.com is on track to becoming a globally recognized and trusted brand, and this acquisition is a pivotal step in establishing our international presence.”
He continued, “Owning and controlling our proprietary technology strengthens our ability to scale operations worldwide and aligns with our commitment to relaunch Lottery.com’s ticket sales operations.”
“This tech deal is the first closed deal of 2025, marking an exciting milestone following our successful executive summit.”
📢 We've completed the acquisition of Spektrum Ltd. from PlusEvo for $1.5M in common stock at $3/share. This move provides us with a compliant platform supporting #lottery operations across multiple international jurisdictions.
Read: https://t.co/sCuyMrGe5x
🇺🇸 $LTRY#NASDAQ pic.twitter.com/qQtH266Zus
— LotteryCom_Live (@LotteryCom_Live) March 19, 2025
Rejection of a stock reverse split
The company has recently made a series of governance and financial decisions including the appointment of a new director and the onboarding of an independent accounting firm.
There was also a rejection of a reverse stock split, which had received shareholder approval.
On this footing, Lottery.com is now progressing with its strategy, strengthened by the move on Spektrum.
Lottery.com has previously highlighted opportunities in the $300 billion global lottery market, focusing on a diversified gameplay experience beyond traditional lottery draw offerings.
The newly acquired technology is designed to increase consumer engagement and align with international market trends.
Image credit: Grok/X
