{"id":823125,"date":"2025-03-07T11:03:01","date_gmt":"2025-03-07T16:03:01","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/lottery-com-inc-regains-full-compliance-with-nasdaqs-continued-listing-rules\/"},"modified":"2025-03-07T11:03:01","modified_gmt":"2025-03-07T16:03:01","slug":"lottery-com-inc-regains-full-compliance-with-nasdaqs-continued-listing-rules","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/lottery-com-inc-regains-full-compliance-with-nasdaqs-continued-listing-rules\/","title":{"rendered":"Lottery.com Inc. Regains Full Compliance with Nasdaq\u2019s Continued Listing Rules"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">FORT WORTH, Texas, March  07, 2025  (GLOBE NEWSWIRE) &#8212; Yesterday, Lottery.com Inc. (NASDAQ: LTRY; LTRYW) (\u201cLottery.com\u201d or \u201cthe Company\u201d) received a notice (the \u201cNotice\u201d) from The Nasdaq Stock Market LLC (\u201cNasdaq\u201d) determining that as a result of the closing bid price of the Company\u2019s common share being $1.00 or above for the last twenty business days, the Company has regained compliance with Nasdaq Listing Rule 5450(a)(1) (the \u201cMinimum Bid Price Requirement\u201d). Notably, the Company regained compliance with the Minimum Bid Price Requirement without effectuating a reverse stock split.<\/p>\n<p align=\"justify\">Additionally, as a result of the Company\u2019s market value of\u00a0publicly held shares being $5,000,000 or above during the same period, the Company has regained compliance with Nasdaq Listing Rule 5450(b)(1)(C).<\/p>\n<p align=\"justify\">With the Company now meeting the continued listing criteria, Nasdaq has closed these matters.<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <em>Matthew McGahan, Chairman and CEO of Lottery.com, commented:<br \/><\/em><br \/>\n        <\/strong><br \/>\n        <em>&#8220;Regaining full compliance with Nasdaq\u2019s continued listing requirements is a significant breakthrough for the Company. As such, we are delighted to officially announce that the regulatory and compliance phase of the turnaround is complete. We now look forward to deploying fresh capital into the Company to resume operations in all respects, completing the previously announced acquisitions and implementing the buy-and-build vision that this team has worked so hard for over the last two years. We look forward to making more exciting announcements in the very short term.&#8221;<\/em>\n      <\/p>\n<p align=\"justify\">\n        <strong>Important Notice Regarding Forward-Looking Statements<\/strong>\n      <\/p>\n<p align=\"justify\">This press release contains statements that constitute \u201cforward-looking statements\u201d 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 press release, regarding the Company\u2019s strategy, future operations, prospects, plans and objectives of management, are forward-looking statements. When used in this Form 8-K, the words \u201ccould,\u201d \u201cshould,\u201d \u201cwill,\u201d \u201cmay,\u201d \u201cbelieve,\u201d \u201canticipate,\u201d \u201cintend,\u201d \u201cestimate,\u201d \u201cexpect,\u201d \u201cproject,\u201d \u201cinitiatives,\u201d \u201ccontinue,\u201d 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\u2019s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. The forward-looking statements speak only as of the date of this press release or as of the date they are made. 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 the Company. In addition, the Company cautions you that the forward-looking statements contained in this press release are subject to risks and uncertainties, including but not limited to, any future findings from ongoing review of the Company\u2019s internal accounting controls, additional examination of the preliminary conclusions of such review, the Company\u2019s ability to secure additional capital resources, the Company\u2019s ability to continue as a going concern, the Company\u2019s ability to respond in a timely and satisfactory matter to the inquiries by Nasdaq, the Company\u2019s ability to regain compliance with the Bid Price Requirement, the Company\u2019s ability to regain compliance with Nasdaq Listing Rules, the Company\u2019s ability to become current with its SEC reports, and those additional risks and uncertainties discussed under the heading \u201cRisk Factors\u201d in the Form 10-K\/A filed by the Company with the SEC on June 14, 2024, and the other documents filed, or to be filed, by the Company with the SEC. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in the reports that the Company has filed and will file from time to time with the SEC. These SEC filings are available publicly on the SEC\u2019s website at www.sec.gov. 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. 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.<\/p>\n<p>This press release was published by a CLEAR\u00ae Verified individual.<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTM5MDkyOSM2Nzk2MDU0IzIyMDk2MzU=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/MGJiNDk4ZWItMzkwYi00ZDIzLTgwYTMtY2M0NGEzNDU0ZDg0LTEyMjExODgtMjAyNS0wMy0wNy1lbg==\/tiny\/Lottery-com-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\">\n<pre>For more information, please visit www.lottery.com or contact our media relations team at press@lottery.com.<\/pre>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>FORT WORTH, Texas, March 07, 2025 (GLOBE NEWSWIRE) &#8212; Yesterday, Lottery.com Inc. (NASDAQ: LTRY; LTRYW) (\u201cLottery.com\u201d or \u201cthe Company\u201d) received a notice (the \u201cNotice\u201d) from The Nasdaq Stock Market LLC (\u201cNasdaq\u201d) determining that as a result of the closing bid price of the Company\u2019s common share being $1.00 or above for the last twenty business days, the Company has regained compliance with Nasdaq Listing Rule 5450(a)(1) (the \u201cMinimum Bid Price Requirement\u201d). Notably, the Company regained compliance with the Minimum Bid Price Requirement without effectuating a reverse stock split. Additionally, as a result of the Company\u2019s market value of\u00a0publicly held shares being $5,000,000 or above during the same period, the Company has regained compliance with Nasdaq Listing Rule 5450(b)(1)(C). With the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/lottery-com-inc-regains-full-compliance-with-nasdaqs-continued-listing-rules\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Lottery.com Inc. Regains Full Compliance with Nasdaq\u2019s Continued Listing Rules&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-823125","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Lottery.com Inc. Regains Full Compliance with Nasdaq\u2019s Continued Listing Rules - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/lottery-com-inc-regains-full-compliance-with-nasdaqs-continued-listing-rules\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lottery.com Inc. Regains Full Compliance with Nasdaq\u2019s Continued Listing Rules - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"FORT WORTH, Texas, March 07, 2025 (GLOBE NEWSWIRE) &#8212; Yesterday, Lottery.com Inc. (NASDAQ: LTRY; LTRYW) (\u201cLottery.com\u201d or \u201cthe Company\u201d) received a notice (the \u201cNotice\u201d) from The Nasdaq Stock Market LLC (\u201cNasdaq\u201d) determining that as a result of the closing bid price of the Company\u2019s common share being $1.00 or above for the last twenty business days, the Company has regained compliance with Nasdaq Listing Rule 5450(a)(1) (the \u201cMinimum Bid Price Requirement\u201d). Notably, the Company regained compliance with the Minimum Bid Price Requirement without effectuating a reverse stock split. Additionally, as a result of the Company\u2019s market value of\u00a0publicly held shares being $5,000,000 or above during the same period, the Company has regained compliance with Nasdaq Listing Rule 5450(b)(1)(C). With the &hellip; Continue reading &quot;Lottery.com Inc. 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(NASDAQ: LTRY; LTRYW) (\u201cLottery.com\u201d or \u201cthe Company\u201d) received a notice (the \u201cNotice\u201d) from The Nasdaq Stock Market LLC (\u201cNasdaq\u201d) determining that as a result of the closing bid price of the Company\u2019s common share being $1.00 or above for the last twenty business days, the Company has regained compliance with Nasdaq Listing Rule 5450(a)(1) (the \u201cMinimum Bid Price Requirement\u201d). Notably, the Company regained compliance with the Minimum Bid Price Requirement without effectuating a reverse stock split. Additionally, as a result of the Company\u2019s market value of\u00a0publicly held shares being $5,000,000 or above during the same period, the Company has regained compliance with Nasdaq Listing Rule 5450(b)(1)(C). With the &hellip; Continue reading \"Lottery.com Inc. 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