Lottery.com Faces Hurdles in $2.5M Nook Acquisition

Lottery.com Inc. (NASDAQ: LTRY) has amended its agreement to acquire a 90% stake in Dubai-based Nook Holdings Limited for approximately $2.5 million in cash, with $271,858 already paid and the deal expected to close by June 30, 2025. Nook, known for its sports and wellness incubator and exclusive partnership with Dubai’s DMCC Free Zone, will continue operating as a co-working space and business incubator supporting startups. The acquisition supports Lottery.com's strategy to expand its global presence in sports and wellness and integrate gaming, sports, and entertainment. Despite these plans, Lottery.com faces significant financial challenges, including an 84.52% revenue decline over the past year and ongoing liquidity issues. However, the company’s stock has surged over 320% in the last six months. Lottery.com is also currently under review for compliance with Nasdaq and SEC regulations.