FORT WORTH, Texas, June 23, 2025 — Lottery.com Inc. (NASDAQ: LTRY; LTRYW) (“Lottery.com” or “the Company”) received formal notice (the “Notice”) from The Nasdaq Stock Market LLC (“Nasdaq”) confirming that the Company has regained compliance with Nasdaq Listing Rule 5450(a)(1), which requires a minimum bid price of $1.00 (the “Rule”). The Company met this requirement by maintaining a closing bid price of $1.00 or higher for twenty consecutive business days from May 21 through June 18, 2025. Nasdaq has officially closed the matter.
This confirmation marks more than just a technical compliance milestone—it underscores the momentum Lottery.com has built in recent weeks. In the 20-day period leading up to regaining compliance with Rule, Lottery.com’s stock experienced exceptional market activity, with daily trading volumes frequently exceeding 30 million shares. On May 27, 2025, Lottery.com recorded trading volume of more than 166 million shares, ranking among the most actively traded stocks on Nasdaq that day.
Matthew McGahan, Chairman, CEO, and President of Lottery.com, commented:
“This isn’t just a moment of compliance—this is a true turning point. The level of engagement from the markets over the last 20 days, combined with our recent momentum, demonstrates that our turnaround is real, visible and gaining traction. We are entering our next chapter with a key compliance determination from Nasdaq, a reinforced leadership team and a Company that is starting to fire on all cylinders. Our investors have seen the difference—and the volume speaks for itself.”
As part of this renewed momentum, the Company recently appointed actor and media executive Tamer Hassan as President of Sports.com Studios, further strengthening its media and entertainment vertical. The Company also continues to work with legal advisors, including Paul Hastings LLP, in its investigation into suspected illegal short selling and is prepared to take legal action against any parties found to have manipulated its stock.
About Lottery.com
The Lottery.com Inc. (NASDAQ: LTRY, LTRYW) family of brands — including Sports.com, Tinbu and WinTogether, comprise a unified ecosystem that integrates gaming, entertainment, and sports. Follow the Company on X, Instagram and Facebook.