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On February 16, 2024, Lottery.com Inc. announced an expansion of its existing loan agreement with United Capital Investments London Limited (UCIL). The amendment, known as 'Amendment and Restatement Agreement No. 2', increases the supplemental credit facility, or 'Accordion', from $49 million to $149 million. This follows a previous amendment on August 18, 2023, which adjusted the conversion mechanics to align with Nasdaq's listing rules regarding stockholder voting rights. Concurrently, Prosperity Investment Management began funding an $18 million investment in Lottery.com through the amended loan agreement. This financial activity is detailed in the company's Form 8-K filings with the SEC, with the full text of the amendments incorporated by reference.
On February 16, 2024, Lottery.com Inc. announced an expansion of its existing loan agreement with United Capital Investments London Limited (UCIL). The amendment, known as 'Amendment and Restatement Agreement No. 2', increases the supplemental credit facility, or 'Accordion', from $49 million to $149 million. This follows a previous amendment on August 18, 2023, which adjusted the conversion mechanics to align with Nasdaq's listing rules regarding stockholder voting rights. Concurrently, Prosperity Investment Management began funding an $18 million investment in Lottery.com through the amended loan agreement. This financial activity is detailed in the company's Form 8-K filings with the SEC, with the full text of the amendments incorporated by reference.
2024年2月16日，Lottery.com公司宣布扩大与伦敦联合资本投资有限公司（UCIL）的现有贷款协议。该修正案被称为 “第2号修正和重述协议”，将补充信贷额度或 “Accordion” 从4900万美元增加到1.49亿美元。这是继2023年8月18日的先前修正案之后发生的，该修正案调整了转换机制，以符合纳斯达克有关股东投票权的上市规则。同时，繁荣投资管理公司开始通过修订后的贷款协议为对Lottery.com的1800万美元投资提供资金。该公司向美国证券交易委员会提交的8-K表中详细介绍了该财务活动，修正案的全文以引用方式纳入。
2024年2月16日，Lottery.com公司宣布扩大与伦敦联合资本投资有限公司（UCIL）的现有贷款协议。该修正案被称为 “第2号修正和重述协议”，将补充信贷额度或 “Accordion” 从4900万美元增加到1.49亿美元。这是继2023年8月18日的先前修正案之后发生的，该修正案调整了转换机制，以符合纳斯达克有关股东投票权的上市规则。同时，繁荣投资管理公司开始通过修订后的贷款协议为对Lottery.com的1800万美元投资提供资金。该公司向美国证券交易委员会提交的8-K表中详细介绍了该财务活动，修正案的全文以引用方式纳入。
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