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Lottery.com directors and chief legal officer tender resignations

12th September 2022 11:01 am GMT
Lottery.com

Nasdaq-listed Lottery.com has lost three board members in a dispute over future funding, with company secretary and chief legal and operating officer Kathryn Lever also tendering her resignation.

The exodus is in response to a proposed $52.5m investment in the company by Woodford Eurasia Assets, which the former directors say was agreed without adequate consideration by the board.

Lottery.com agreed a term sheet with Woodford Eurasia Assets on September 6 that provides for a $2.5m convertible loan [...]

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