LTRY - InvestorNewsBreaks - Lottery.com (NASDAQ: LTRY) Appoints Independent Director Receives NASDAQ Notice Regarding Delayed Filing
Lottery.com (NASDAQ: LTRY), the world’s leading provider of lottery results data servicing global publishers, search engines, and voice assistants, has a new appointed a new independent member of its board of directors. The company announced that Nick Kounoupias, a veteran experienced attorney with more than four decades of experience, has accepted the appointment, which is part of the company’s restructuring and initiative to improve its disclosure and reporting controls and return to compliance with NASDAQ’s continued listing requirements. Kounoupias has garnered vast experience with digital, media and technology companies with a special expertise on corporate, governance and intellectual property (“IP”) across multiple sectors. The founder and CEO of Kounoupias IP, a boutique IP consultancy with offices in England and Cyprus, Kounoupias can provide strategic guidance on digital technology and IP matters and is widely recognized as a top expert in antipiracy and anticounterfeiting; he also possesses extensive experience of managing and conducting investigations in IP and other sectors. "We are delighted Nick has agreed to join the board, substantially bolstering the depth of our corporate governance expertise,” said Lottery.com chair Matthew McGahan in the press release. “His appointment is particularly timely as Lottery.com is keenly focused on regaining compliance with the NASDAQ Listing Rules following the hiatus we inherited as a new board. In this regard, the new management team is working with our auditors and other advisers to substantially improve our disclosure and reporting controls, and other areas. Nick's legal oversight and experience is expected to help our intentions these are implemented smoothly, and we very much look forward to working with him."
In addition, Lottery.com announced that it has received a notice from NASDAQ Stock Market Exchange, that it does not comply with filing requirements; the company has not yet filed its annual report for the year ended Dec. 31, 2022. As a result, Lottery.com management has requested a panel hearing to appeal the exchange’s delisting determination.
To view the full press release, visit https://ibn.fm/MRC6K
About Lottery.com
Lottery.com, Inc. plans to regain its position as a leading technology company whose goal is to transform how, where and when lotteries are played. It plans to re-engage mobile and online platforms to enable players and commercial partners located throughout the United States and other countries to remotely purchase safe and legally sanctioned lottery games. The Company is being restructured for growth opportunities in entertainment and sports, including potential acquisitions of companies and or technologies and related opportunities, funding permitting. In all that it has done or does, Lottery.com's mission remains the same: an uncompromising passion to innovate, grow a new demographic of enthusiasts, deliver responsible and trusted solutions, and promote community and philanthropic initiatives. To learn more about the company, visit www.Lottery.com.
NOTE TO INVESTORS: The latest news and updates relating to Lottery are available in the company’s newsroom at https://ibn.fm/Lottery
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