Trident Acquisitions issues update on business combination

UK-based Tintra Plc has announced it has entered into a head of terms agreement to sell its Lottery Administration Business (LAB), Prize Provision Services Ltd, to Sterling Management.
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Trident Acquisitions has announced it has filed an amended Form S-4 relating to its business combinations with with the US Securities and Exchange Commission.

Back in July, an initial Form S-4 was submitted in relation to the combination, however, additional information was required for proposed investors, leading to this amended version. and Trident entered into a definitive agreement relating to the business combination on February 21, 2021.

Upon completion, the combined company is expected to be named and its common stock and warrants are expected to remain listed on the Nasdaq Stock Market under the new ticker symbols “LTRY” and “LTRYW”, respectively.

“The filing of our updated Registration Statement represents another positive step toward completing our proposed business combination. I am pleased with the diligent efforts both the and Trident teams have demonstrated as we work to complete the process as quickly as possible,” commented Tony DiMatteo, Chief Executive Officer and Co-Founder of 

“Additionally, I am delighted to share our compelling story through the replay of our analyst day webcast. We are pleased with the growth has achieved and during our analyst day, we provide insights into why we are confident about realizing future growth.”