Company: LTRYW
Filing Date: 2025-07-16
Form Type: 8-K
Source: 0001641172-25-019875
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Company: Lottery.com Inc.
Filing Date: 2025-07-16
Form: 8-K
Item: Item 1.01
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Item
1.01 Entry into a Material Definitive Agreement.

Subscription
and Call Option Agreements with Veloce Media Group

On
July 11, 2025, Lottery. com Inc., currently conducting business under the name “ SEGG Media Corporation” (collectively the
“ Company” or “ SEGG Media”) entered into a Subscription Agreement (the “ Subscription Agreement Call Option Veloce

The
Subscription Agreement calls for SEGG to pay Veloce £5,675,444.74 GBP, approximately equivalent to $7,594,677.54 US dollars, in
two tranches. Tranche One is an all-cash payment of Two Million Great British Pounds (£2,000,000; approximately equivalent to $2,676,415.77
US dollars). The Tranche One payment will result in the Company receiving 1,663 A1 shares of Veloce stock valued at £1,224.74 per
share (approximately equivalent to $1,639.01 US dollars) and a commensurate ownership stake of 4.74%. Tranche Two is £3,675,444.74
(approximately equivalent to $4,918,659.05 US dollars) of which a minimum of £1,187,500.00 (approximately equivalent to $1,589,165.94
US dollars) must be in cash and the balance of £2,487,944.74 (approximately equivalent to $3,29,508.98 US dollars) can be in a
combination of cash and restricted stock units of common shares of SEGG Media to be applied towards the Purchase Price at a fixed price
of One Dollar USD ($1.00) per share (the “ Fixed Price

The
Call Option allows the Company to purchase new issued share capital in Veloce at a pre-money £50,000,000 (approximately equivalent
to $66,907,363.01 US dollars) valuation to achieve Fifty-One (51%) percent ownership. To exercise the Call Option, the Company must have
completed Tranche One and Tranche Two and made offers to Veloce shareholders to purchase up to 51% of issued and outstanding shares.
The Call Option expires October 31, 2025. The Company will be granted control of the Veloce Board of Directors upon successful completion
of the Call Option. Payments to Veloce shareholders under the Call Option can be made in cash or in shares of SE