share_log

10-Q/A: Quarterly report (Amendment)

10-Q/A: Quarterly report (Amendment)

10-Q/A:季度报表(修正版)
美股SEC公告 ·  08/29 15:26

Moomoo AI 已提取核心信息

Lottery.com, a provider of domestic and international lottery products and services, faced significant challenges in 2023, including non-compliance with laws, misstated financials, and operational cessation. The company's financial condition deteriorated, leading to the furloughing of most employees and suspension of lottery game sales. Despite securing a loan agreement with Woodford Eurasia Assets for up to $2.5 million, the company did not receive expected funding, resulting in an alternative credit facility with United Capital Investments London Limited (UCIL). The UCIL Credit Facility provided up to $1 million in initial funding, with the option for an additional $49 million. The company also implemented a 1-for-20 reverse stock split to consolidate shares and adjust outstanding equity awards and warrants. These measures were part of Lottery.com's efforts to address legal and compliance issues, secure necessary funding, and resume operations.
Lottery.com, a provider of domestic and international lottery products and services, faced significant challenges in 2023, including non-compliance with laws, misstated financials, and operational cessation. The company's financial condition deteriorated, leading to the furloughing of most employees and suspension of lottery game sales. Despite securing a loan agreement with Woodford Eurasia Assets for up to $2.5 million, the company did not receive expected funding, resulting in an alternative credit facility with United Capital Investments London Limited (UCIL). The UCIL Credit Facility provided up to $1 million in initial funding, with the option for an additional $49 million. The company also implemented a 1-for-20 reverse stock split to consolidate shares and adjust outstanding equity awards and warrants. These measures were part of Lottery.com's efforts to address legal and compliance issues, secure necessary funding, and resume operations.
Lottery.com,提供国内和国际彩票产品和服务的供应商,在2023年面临重大挑战,包括不符合法律的问题,财务报表错误以及运营暂停。公司的财务状况恶化,导致大部分员工被停薪留职和彩票游戏销售暂停。尽管与伍德福德亚洲资产(Woodford Eurasia Assets)达成了一项最高250万美元的贷款协议,但公司未能获得预期的资金,结果只能与伦敦联合资本投资有限公司(UCIL)签署一项备用信贷协议。UCIL信贷设施提供了最多100万美元的初步资金,还有获得额外4900万美元的选择。公司还实施了1比20的股票合并以整合股份并调整未偿的股权奖励和认股权证。这些举措是Lottery.com努力解决法律和合规问题,确保必要的资金,并恢复运营的一部分。
Lottery.com,提供国内和国际彩票产品和服务的供应商,在2023年面临重大挑战,包括不符合法律的问题,财务报表错误以及运营暂停。公司的财务状况恶化,导致大部分员工被停薪留职和彩票游戏销售暂停。尽管与伍德福德亚洲资产(Woodford Eurasia Assets)达成了一项最高250万美元的贷款协议,但公司未能获得预期的资金,结果只能与伦敦联合资本投资有限公司(UCIL)签署一项备用信贷协议。UCIL信贷设施提供了最多100万美元的初步资金,还有获得额外4900万美元的选择。公司还实施了1比20的股票合并以整合股份并调整未偿的股权奖励和认股权证。这些举措是Lottery.com努力解决法律和合规问题,确保必要的资金,并恢复运营的一部分。
声明:本内容仅用作提供资讯及教育之目的,不构成对任何特定投资或投资策略的推荐或认可。 更多信息