Item 8.01. Other Events.

On August 31, 2021, the board of directors (the "Board") of Trident Acquisitions Corp. approved the extension of the date by which Trident has to complete a business combination for an additional three months to December 1, 2021 (the "Extension").

The purpose of the Extension is to permit sufficient time for Trident to consummate its previously announced proposed business combination with Lottery.com. The Extension was approved by Trident's stockholders at the special meeting of stockholders held on May 27. For a summary of the material terms of the proposed transaction, please see Trident's Registration Statement on Form S-4, as amended, filed on July 7, 2021 with the U.S. Securities and Exchange Commission in connection with the proposed business combination.

Pursuant to Trident's Amended and Restated Certificate of Incorporation, Trident is required to contribute $0.05 for each share of common stock outstanding (the "Contribution") for each month in which the daily volume weighted average price of Trident's common stock for any 10 consecutive trading days in the prior month, is below $11.40 per share, as determined two (2) trading days prior to the last day of such month. The conditions for a Contribution were satisfied in August 2021. Accordingly, on August 31, 2021, Trident's initial stockholders contributed an aggregate of $289,317.75 to Trident, which amount was deposited into Trident's trust account.

The information in this Item 8.01 is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.


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