Lottery.com regains Nasdaq compliance
Lottery.com (LTRY) received formal notice from The Nasdaq Stock Market confirming that the Company has regained compliance with Nasdaq Listing Rule 5450(a)(1), which requires a minimum bid price of $1.00. The Company met this requirement by maintaining a closing bid price of $1.00 or higher for twenty consecutive business days from May 21 through June 18, 2025. Nasdaq has officially closed the matter. This confirmation marks more than just a technical compliance milestone-it underscores the momentum Lottery.com has built in recent weeks. In the 20-day period leading up to regaining compliance with Rule, Lottery.com's stock experienced exceptional market activity, with daily trading volumes frequently exceeding 30 million shares. On May 27, 2025, Lottery.com recorded trading volume of more than 166 million shares, ranking among the most actively traded stocks on Nasdaq that day. As part of this renewed momentum, the Company recently appointed actor and media executive Tamer Hassan as President of Sports.com Studios, further strengthening its media and entertainment vertical. The Company also continues to work with legal advisors, including Paul Hastings LLP, in its investigation into suspected illegal short selling and is prepared to take legal action against any parties found to have manipulated its stock.
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