Lottery.com Inc. 8-K

What Happened

• On January 22, 2026 the SEC filed a civil complaint in the U.S. District Court for the Southern District of New York naming certain former senior executive officers of Lottery.com Inc., the Company itself, and the former CEO of SPAC Trident Acquisitions Corp. The Complaint alleges violations of federal securities laws based on conduct primarily occurring between 2020 and mid‑2022 (including periods before and shortly after the Company’s merger with Trident).
• The Complaint seeks remedies including injunctive relief, disgorgement, civil monetary penalties, and other equitable relief. Lottery.com says the individuals named are no longer employed by or associated with the Company, that its current management (which took over since mid‑2022) was not involved in the alleged conduct, and that the Company has fully cooperated with the SEC’s investigation.

Key Details

• Filing date: January 22, 2026 (SEC civil complaint filed in S.D.N.Y.).
• Alleged conduct timeframe: primarily between 2020 and mid‑2022, around the Company’s merger with Trident Acquisition Corp.
• Defendants: certain former senior executives, Lottery.com Inc., and the former CEO of Trident Acquisitions Corp.
• Company stance: maintains Complaint lacks merit against the Company, will defend if necessary, but is in non‑binding settlement discussions with the SEC and believes the matter appears close to resolution without material liability to the Company.

Why It Matters

• Legal exposure and potential penalties could affect the Company’s financials and reputation, but Lottery.com’s current management says it was not involved and expects no material liability. Investors should monitor the case’s progress, any announced settlement terms, and related disclosures that could affect the company’s risk profile or financial statements.