Inc. Announces Successful Fundraising and Acquisition Update


AUSTIN, Texas, Dec. 18, 2023 (GLOBE NEWSWIRE) — Inc. (Nasdaq: LTRY, LTRYW) (“” or the “Company”), a leading technology company that is transforming how, where, and when the lottery is played, is pleased to announce additional new funding. This sets the stage for the Company to fully resume operations. Additionally, the Company will proceed with the acquisition of Nook Holdings Limited (“Nook”) to further develop its brand in the Middle East. has enhanced its long-term growth and financial stability by entering into a placement agent agreement with Univest Securities LLC (“Univest”). As part of this agreement, Univest has introduced to new investors, resulting in an initial investment of $1 million. These funds are being utilized as working capital and to restart’s core operations including the Nexus Gaming Platform, WinTogether, and the LotteryLink™ affiliate program.

The funding is in the form convertible promissory notes and common stock purchase warrants. The new investment is in addition to the ongoing funding being provided by United Capital Investments Limited (“UCIL”).


Gregory Potts, COO of, shared insights into the operational plans following the most recent funding:

“This latest infusion of funds and continued support from UCIL marks a pivotal moment for We are focusing on enhancing our technological infrastructure and customer experience, ensuring that as we restart operations, we do so with a system that is robust, scalable, and ready to meet the evolving needs of our users. The support from our investors is not just a financial boost but also a vote of confidence in our operational capabilities and future vision.”

The new capital also enables to advance its strategic acquisitions. The Company has revised the terms of the original purchase agreement with Nook. After completing the payment of the remainder of the deposit, now anticipates finalizing the Nook acquisition by the end of the first quarter of 2024.

Nook is a pioneering force in the sports, fitness, and wellness industry. Known for its innovative co-working approach in Dubai, Nook has secured 200 licenses for individuals and companies in the sports sector seeking access to Dubai and the broader Middle Eastern market. In partnership with the Dubai Multi-Commodities Centre Free Zone (DMCC), Nook offers a range of services, including business setup support, insurance, VAT registration, and networking opportunities for sports entrepreneurs. As part of the acquisition, Nook will be rebranded as

Matthew McGahan, CEO of, commented:

“It has been a challenging journey for all our stakeholders, but today’s announcement is a reason for great optimism. The successful fundraising, new investors, support from UCIL and the strategic partnerships we are forging are crucial for our 2024 vision.

“This marks the beginning of an exciting phase where we recommence lottery operations and develop our brand. We will continue to lead the way in reinventing the lottery experience, leveraging state-of-the-art technology to offer innovative solutions. Through the acquisition of Nook, we will create a true sports incubator under the brand, fostering growth for companies and individuals by leveraging our extensive network to provide tailored guidance for startups, connecting them with accomplished entrepreneurs, strong networks, and supportive investors.” Contact: [email protected]

About is a leading technology company that is transforming how, where and when lottery is played. Its engaging mobile and online platforms enable players and commercial partners located in the United States and internationally to remotely purchase legally sanctioned lottery games. Fans and subscribers look to for compelling, real-time results on more than 800 lottery games from more than 40 countries. Additionally, through, is fundamentally changing how non-profit donors are incentivized to action by gamifying charitable giving. In all that it does,’s mission remains the same: an uncompromising passion to innovate, grow a new demographic of enthusiasts, deliver responsible and trusted solutions, and promote community and philanthropic initiatives. For more information, visit

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