Company: LTRYW
Filing Date: 2025-08-07
Form Type: 8-K
Source: 0001641172-25-022535
Chunk: 0

Company: Lottery.com Inc.
Filing Date: 2025-08-07
Form: 8-K
Item: Item 1.01
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Item
1.01 Entry into a Material Definitive Agreement.

Asset Purchase Agreement with Galaxy Racer Holdings Limited

On July 30, 2025, Lottery. com Inc., currently conducting business under
the name “ SEGG Media Corporation” (collectively the “ Company” or “ SEGG Media”) entered into an Asset
Purchase Agreement (the “ Agreement”) with Galaxy Racer Holdings Limited, a BVI entity (“ GXR”) As consideration for the Assets, Buyer will,
at Closing pay and deliver to Seller (or its designees) the sum of Ten Million Dollars USD ($10,000,000.00)

The
Agreement calls for SEGG Media to pay GXR Five Million One Hundred Thousand Dollars ($5,1000,000) of the Purchase Price as Payment-In-Kind
(as defined below) equivalent to the Purchase Price. The term “ Payment-In-Kind” shall be defined as restricted stock units
of common shares in SEGG Media to be applied towards the Purchase Price at a fixed price of Three Dollars USD ($3.00) per share (the
“ Fixed Price”) irrespective of the trading price of SEGG Media stock at the execution of this Agreement or the Closing Date.
At Closing, Buyer shall cause to be issued to Seller (or its designees) the equivalent in restricted stock units of common shares in
SEGG Media to be applied towards the Purchase Price. Seller (or its designees) shall receive the Payment-In-Kind within three business
days following the Closing Date. Any Payment-In-Kind made as part of the consideration to satisfy any portion of the Purchase Price shall
carry full piggyback registrations rights for the benefit of Seller (or its designees). SEGG Media will also pay GXR (or its designees)
Four Million Nine Hundred Thousand Dollars USD ($4,900,000.00) by transferring 49% ownership interest in NewCo, a newly formed wholly
owned entity of SEGG Media to be domiciled at the discretion of Buyer that shall hold free and clear of any encumbrances all Assets.

All Transactions will be conducted and fully performed on a date to
be determined by the Parties.

Item
9.01. Financial Statements and Exhibits.

  Exhibit      Description                                                            
      No.                                                                             
     99.1      Press Release Dated July 31, 2025                                      
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      104      Cover                                                                  

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