Lottery.com has officially acquired Spektrum from PlusEvo via a signed Share Purchase Agreement (SPA).
Valued at $1.5m in common stock at $3 per share, the move supports Lottery.com’s expansion as well as the development of its international brand.
Matthew McGahan, Chairman and CEO of Lottery.com, commented: “I am delighted about this acquisition. Lottery.com is on track to becoming a globally recognised and trusted brand, and this acquisition is a pivotal step in establishing our international presence.
“Owning and controlling our proprietary technology strengthens our ability to scale operations worldwide, aligns with our commitment to relaunch Lottery.com’s ticket sales operations, and unlocks greater geographical revenue opportunities – ultimately delivering increased value to our shareholders.”
In further detail, the acquisition provides the US-based lottery courier app with a compliant platform to support lottery, sweepstakes and social gaming operations in many international regions.
Initially, the focus of the acquisition will be Europe, Africa and Asia with plans to expand its audience and accelerate revenue growth in the coming months.
This acquisition reportedly marks the first of several strategic moves the company has planned for this year.
“This tech deal is the first closed deal of 2025, marking an exciting milestone following our successful executive summit,” McGahan concluded on the deal.
It was just this week that Lottery.com revealed that it was on the hunt for acquisition targets and partners, while earlier this month the firm outlined its ambitions to expand its presence in key Euroeapn and Asian markets, though not specifying which exact markets it is targeting.
The brand outlined a series of strategic initiatives to shape its corporate future, including some key goals around its Sports.com property. It focused on its acquisition and partnership strategy in particular after concluding its First Quarter Executive Planning this month.
Company leadership also stated that it was prioritising acquisition targets and partnerships, which would ‘add value’ to its existing brand portfolio and diversify its revenue streams.