24/7 Market News Snapshot 07 March, 2025 – Lottery.com, Inc. Common Stock (NASDAQ:LTRY)

March 7, 2025

DENVER, Colo., 07 March, 2025 (247marketnews.com) – (NASDAQ:LTRY) are discussed in this article.
Lottery.com, Inc. has experienced a notable resurgence in its trading activity, significantly increasing its stock value. Opening at $1.06, shares have soared to $1.26, representing a substantial gain of 23.53% since the previous close of $1.02. This increase is indicative of growing investor interest, as the trading volume has reached approximately 1.5 million shares. This rally has occurred amidst a wave of positive sentiment surrounding the company, prompting traders and investors to closely monitor its ongoing momentum.

In tandem with this surge, Lottery.com recently announced an important corporate achievement: the successful re-establishment of compliance with Nasdaq’s listing requirements. The company has ensured that its common shares have maintained a closing bid price of over $1.00 for the last twenty business days, a requirement under Nasdaq Listing Rule 5450(a)(1). Importantly, this milestone was reached without resorting to a reverse stock split, highlighting the company’s operational stability and growth potential.

Additionally, Lottery.com has satisfied the compliance criteria set forth by Nasdaq Listing Rule 5450(b)(1)(C), confirming a market value of publicly held shares exceeding $5 million. With these hurdles overcome, Nasdaq has officially resolved the compliance matter, enabling Lottery.com to refocus on its strategic initiatives.

Matthew McGahan, Chairman and CEO of Lottery.com, expressed optimism about the company’s path forward: “Regaining compliance with Nasdaq’s continued listing requirements is a significant breakthrough for the Company. We look forward to deploying fresh capital to enhance operations and execute our strategic vision.” As Lottery.com transitions into this promising new phase, stakeholders can expect further developments as the company seeks to capitalize on its improved market position and explore new growth opportunities.

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