Trident Acquisitions (NASDAQ: TDAC, TDACU, TDACW), a special purpose acquisition company, has filed a supplement to its proxy statement with the Securities and Exchange Commission (“SEC”). The filing seeks approval of its stockholders for a three-month extension of the time needed to complete its business combination; if approved by Trident’s board of directors, the new deadline would be Dec. 1, 2021, adjusted from Sept. 1, 2021. The proxy supplement notes that, based on an amendment to the company’s trust agreement, Trident changed the vote required to amend the trust agreement for purposes of extending the deadline for the company to complete its previously announced business combination from a majority of the outstanding shares of common stock sold in the company’s IPO to a majority of the outstanding shares of common stock. The announcement noted that the company is requesting the extension to provide addition time for Trident to complete its proposed business combination with Texas-based Lottery.com. Lottery.com provides a platform for users to play state-sanctioned lottery games from their homes or on the go anywhere in the country as well as select lottery products internationally. The company is focused on advancing the lottery industry through its innovative strategy of providing official lottery games and enhanced regulatory capabilities; it is eying an untapped market share, including millennial players.
Lottery.com also provides its WinTogether.org platform, which gamifies charitable giving.
To view the full press release, visit https://ibn.fm/vmy72
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 about this company, visit www.TridentAcquisitions.com.
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