Company: LTRYW
Filing Date: 2025-04-21
Form Type: 10-K
Source: 0001641172-25-005487
Chunk: 138

Company: Lottery.com Inc.
Filing Date: 2025-04-21
Form: 10-K
Item: Item 8
Chunk 138
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 rights, redemption privileges and liquidation preferences, which rights may be greater than the rights of the holders of the
common stock. As of December 31, 2024, there were no shares of preferred stock issued and outstanding.

  F-22  

Common
Stock

Our
Charter authorizes the issuance of an aggregate of 500,000,000 shares of Common Stock, par value $0.001 per share. The shares of Common
Stock are duly authorized, validly issued, fully paid and non-assessable. Our purpose is to engage in any lawful act or activity for
which corporations may now or hereafter be organized under the DGCL. Unless our Board determines otherwise, we will issue all shares
of our common stock in an uncertificated form. Holders of our Common Stock are entitled to one vote for each share held of record on
all matters submitted to a vote of stockholders. The holders of Common Stock do not have cumulative voting rights in the election of
directors. Upon our liquidation, dissolution or winding up and after payment in full of all amounts required to be paid to creditors
and to the holders of preferred stock having liquidation preferences, if any, the holders of our Common Stock will be entitled to receive
pro rata our remaining assets available for distribution.

As
of December 31, 2024 and December 31, 2023, 18,877,045and 2,877,045shares of Common Stock, post reverse stock split,
respectively, were outstanding. During the year ended December 31, 2022, the Company issued the following shares of common stock. No
similar issuances occurred in 2023.

Schedule
of Common Stock

  As                                        2,512,815  
  Issuance                                      3,000  
  Exercise                                      3,006  
  Restricted                                    8,224  
  As                                        2,527,045  
  Issuance                                    350,000  
  As                                        2,877,045  

Public Warrants

The
Public Warrants became exercisable 30 days after the Closing; the Company has an effective registration statement under the Securities
Act covering the shares of common stock issuable upon exercise of the Public Warrants and a current prospectus relating to them is available
(or the Company permits holders to exercise their Public Warrants on a cashless basis and such cashless exercise is exempt from registration
under the Securities Act). The S