Lottery.com Inc
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*Nasdaq FSI: *Deficient and Delinquent: Issuer Failed to Meet NASDAQ Continued Listing Requirements, and Missed Regulatory Filing Deadline

Company profile

Lottery.com Inc. is a technology company that is a provider of domestic and international lottery products and services. It is engaged in mobile and online platforms that enable players located in the United States and internationally to remotely purchase legally sanctioned lottery games. The Company offers the platform through the Lottery.com app and its Websites to users located in the United States. and international jurisdictions where the sale of lottery games is legal, and its services are enabled for the remote purchase of legally sanctioned lottery games (B2C Platform). It offers an internally developed, created and operated business-to-business application programming interface (API) of the platform to enable commercial partners in permitted the United States and international jurisdictions to purchase certain legally operated lottery games from the Company and resell them to users located within their respective jurisdictions (B2B API). It also delivers global lottery data.

Price
Delayed
$0.2511
Day's Change
0.012 (5.02%)
Bid
--
Ask
--
B/A Size
--
Day's High
0.26
Day's Low
0.2319
Volume
(Average)

Today's volume of 57,989 shares is on pace to be in-line with LTRY's 10-day average volume of 429,844 shares.

57,989

APPS LAWSUIT ALERT: Levi & Korsinsky Notifies Digital Turbine, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline

5:45 am ET August 4, 2022 (PR Newswire) Print

Levi & Korsinsky, LLP notifies investors in Digital Turbine, Inc. ("Digital Turbine" or the "Company") (NASDAQ: APPS) of a class action securities lawsuit.

https://mma.prnewswire.com/media/1687309/LK_1920x1080_Logo.jpg

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Digital Turbine investors who were adversely affected by alleged securities fraud between February 26, 2021 and May 31, 2022. Follow the link below to get more information and be contacted by a member of our team:

https://www.zlk.com/pslra-1/digital-turbine-inc-loss-submission-form?prid=30511&wire=4

APPS investors may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.

CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) the Company's recent acquisitions, AdColony and Fyber, act as agents in certain of their respective product lines; (2) as a result, revenues for those product lines must be reported net of license fees and revenue share, rather than on a gross basis; (3) the Company's internal control over financial reporting as to revenue recognition was deficient; and (4) as a result of the foregoing, the Company's net revenues was overstated throughout fiscal 2022; and (5) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

WHAT'S NEXT? If you suffered a loss in Digital Turbine during the relevant time frame, you have until August 5, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.

WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.

CONTACT:Levi & Korsinsky, LLP Joseph E. Levi, Esq.Ed Korsinsky, Esq.55 Broadway, 10th FloorNew York, NY 10006jlevi@levikorsinsky.comTel: (212) 363-7500Fax: (212) 363-7171www.zlk.com

https://c212.net/c/img/favicon.png?sn=NY36172&sd=2022-08-04

View original content to download multimedia:https://www.prnewswire.com/news-releases/apps-lawsuit-alert-levi--korsinsky-notifies-digital-turbine-inc-investors-of-a-class-action-lawsuit-and-upcoming-deadline-301599582.html

SOURCE Levi & Korsinsky, LLP

https://rt.prnewswire.com/rt.gif?NewsItemId=NY36172&Transmission_Id=202208040545PR_NEWS_USPR_____NY36172&DateId=20220804

comtex tracking

COMTEX_411564248/1005/2022-08-04T05:45:07

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