Company: LTRYW
Filing Date: 2025-05-07
Form Type: S-1/A
Source: 0001641172-25-009053
Chunk: 2

Company: Lottery.com Inc.
Filing Date: 2025-05-07
Form: S-1/A
Chunk 2
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 November 21, 2024, (the “Agreement”) with Generating Alpha Ltd., a St. Kitts and Nevis company, (the “Investor
Selling Shareholder”). The Investor Selling Shareholder has agreed to purchase from the Company up to One Hundred
Million Dollars ($100,000,000) (the “Commitment Amount”) of the Company’s fully registered, freely tradable common
stock (the “Common Stock”) under certain terms and conditions. Pursuant to the terms of the Agreement the Company can request
a “Put” on the purchase of its stock and the Investor Selling Shareholder has agreed to purchase the Company’s
shares at ninety (90%) percent of the “Market Price.” Market Price shall be defined as the average VWAP of the common stock
twenty trading days immediately preceding the Put (“Maximum Put Amount”). The dollar amount of Common Stock sold to the Investor
Selling Shareholder in each Put may not be less than $20,000.00 and the maximum amount will equal 100% of the Average Daily Trading
Volume. The Maximum Put Amount may be increased upon mutual written consent of the Company and the Investor Selling Shareholder.
Puts are further limited to Investor Selling Shareholder owning no more than 4.99% of the Common Stock at any given time.

<div align='center'>Selling Securityholder Offering

5,688,622 Shares of Company common stock registered on behalf of other Selling Shareholders either directly or upon exercise of warrants.</div>

This prospectus also relates to
the offer and resale from time to time by the other selling shareholders named herein (the “Selling Shareholders”),
or their permitted transferees of shares of common stock, consisting of (i) 2,810,897 shares of common stock (ii) 458,370 shares of common
stock issuable upon exercise of outstanding warrants (iii) shares of common stock related to conversion of 1,906,693 prefunded common
stock warrants (together the “Commitment Fee Warrant Shares”) and (iv) 512,662 issued to the Investor Selling Shareholder
as a commitment fee (the “Commitment Fee Shares) upon the execution of a stock purchase agreement dated November 13, 2024 (the
“Stock Purchase Agreement”).

With respect to
sales of stock by the Company directly to investors, there is no minimum for this Offering. The Offering will commence promptly on the
date upon which this prospectus is