Trident Acquisitions Corp. Files 10-Q and is in Compliance with Nasdaq Reporting Rules
30 Giugno 2021 - 1:00PM
Trident Acquisitions Corp. (the “Company”) today announced that it
has filed the Form 10-Q for the period ended March 31, 2021 with
the Securities and Exchange Commission (“SEC”), thereby bringing
the Company into compliance with Nasdaq listing rules for financial
reporting with the SEC. With this filing completed, the Company is
squarely focused on expeditiously completing its previously
announced business combination with AutoLotto. Inc., doing business
as Lottery.com, with priority given to filing the Form
S-4. The Nasdaq Hearings Panel will no longer need to
consider the Form 10-Q deficiency at the hearing to be held in
connection with the notice the Company received from Nasdaq on June
3, 2021, stating that the Company was not in compliance with
Listing Rule IM-5101-2, which requires that a special purpose
acquisition company complete one or more business combinations
within 36 months of the effectiveness of the registration statement
filed in connection with its initial public offering.
About Trident Acquisitions
Corp.
Trident is a blank check company formed for the
purpose of entering into a merger, share exchange, asset
acquisition, stock purchase, recapitalization, reorganization or
other similar business combination with one or more businesses or
entities. Trident's securities are quoted on the Nasdaq stock
exchange under the ticker symbols TDACU, TDAC and TDACW. For more
information, visit www.tridentacquisitions.com/home
About Lottery.com
Lottery.com is a leading technology company that
is transforming how, where and when lottery is played. Our engaging
mobile and online platforms enable players and commercial partners
located in the U.S. and internationally to remotely purchase
legally sanctioned lottery games. Fans and subscribers look to us
for compelling, real-time results on more than 800 lottery games
from more than 40 countries. Additionally, through WinTogether.org,
we are fundamentally changing how non-profit donors are
incentivized to action by gamifying charitable giving. In all that
we do, our 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.
Important Notice Regarding
Forward-Looking Statements
This press release contains statements that
constitute "forward-looking statements”. Forward-looking statements
are subject to numerous conditions, many of which are beyond the
control of Trident, including those set forth in the Risk Factors
section of Trident's annual report on Form 10-K for the year ended
December 31, 2020, filed with the SEC. Copies are available on the
SEC's website, www.sec.gov. Trident undertakes no obligation to
update these statements for revisions or changes after the date of
this release, except as required by law.
Important Information and Where to Find
it
In connection with the proposed business
combination, Trident will file with the SEC a registration
statement on Form S-4 (the “Registration Statement”) that will
include a preliminary proxy statement (the “Proxy Statement”) for
the solicitation of proxies from Trident’s stockholders.
Additionally, Trident will file other relevant materials with the
SEC in connection with the proposed business combination. Copies
may be obtained free of charge at the SEC’s web site at
www.sec.gov. A definitive proxy statement will be mailed to Trident
stockholders as of a record date to be established for voting on
the proposed business combination. Investors and security holders
of Trident are urged to read the Registration Statement and Proxy
Statement and the other relevant materials when they become
available before making any voting decision with respect to the
proposed business combination because they will contain important
information about the business combination and the parties to the
business combination. The information contained on, or that may be
accessed through, the websites referenced in this press release is
not incorporated by reference into, and is not a part of, this
press release.
Participants in the
Solicitation
Trident and its directors and officers may be
deemed participants in the solicitation of proxies of Trident’s
stockholders in connection with the proposed business combination.
Lottery.com and its officers and directors may also be deemed
participants in such solicitation. Security holders may obtain more
detailed information regarding the names, affiliations and
interests of certain of Trident’s executive officers and directors
in the solicitation by reading Trident’s Annual Report on Form 10-K
for the fiscal year ended December 31, 2020, and the Registration
Statement and other relevant materials filed with the SEC in
connection with the business combination when they become
available. Information concerning the interests of Trident’s
participants in the solicitation, which may, in some cases, be
different than those of their stockholders generally, will be set
forth in the proxy statement relating to the business combination
when it becomes available.
No Offer or Solicitation
This communication shall not constitute an offer
to sell or the solicitation of an offer to buy any securities, nor
shall there be any sale of securities in any jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
jurisdiction. No offering of securities shall be made except by
means of a prospectus meeting the requirements of Section 10 of the
Securities Act.
Investor Relations Contact:Gateway Investor
RelationsCody Slach(949) 574-3860cody@gatewayir.com
Trident Contact:Vadim KomissarovCEO(646)
229-7549vkomissarov@tridentacquisitions.com
Lottery.com Contact:Matthew Schlarb VP,
Investor Relations (512) 585-7789 ir@lottery.com
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