Company: LTRYW
Filing Date: 2025-04-25
Form Type: S-1/A
Source: 0001641172-25-006093
Chunk: 3

Company: Lottery.com Inc.
Filing Date: 2025-04-25
Form: S-1/A
Chunk 3
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 before expiration of the 18-month period.

We will receive proceeds from the issuance and sale of our primary offering of common stock. We will not receive any proceeds from the sale of shares of common stock or warrants by the Selling Shareholders pursuant to this prospectus, except with respect to amounts received by us upon exercise of the warrants to the extent such warrants are exercised for cash.

We are registering the resale
of up to 25,688,622 shares of common stock, comprised of (i) 20,000,000 (*) Stock Purchase Agreement Shares (as defined
below), (ii) 2,810,897 shares of common stock, (iii) 458,370 shares of common stock issuable upon exercise of outstanding warrants
and (iii) 1,906,693 prefunded warrants (together the “Commitment Fee Warrant Shares”) and (iv) 512,662 shares
of common stock issued to the Investor as a commitment fee (the “Commitment Fee Shares”) upon the execution of
a stock purchase agreement dated November 13, 2024 (the “Stock Purchase Agreement”).
See “Stock Purchase Agreement and Common Stock Purchase Warrant” with respect to the Stock Purchase Agreement and Common
Stock Purchase Warrant entered with Generating Alpha Ltd dated November 13, 2024 for a description of the terms and conditions of the
Stock Purchase Agreement including the Stock Purchase Agreement Shares, the Initial Commitment Fee Shares, and the Additional Commitment
Fee Shares.

The prices at which
the Investor must purchase shares offered hereby will be determined by the prevailing market price for the shares pursuant to the Stock
Purchase Agreement. We are not selling any securities other than to the Investor with respect to the Stock Purchase Agreement and will
not receive any of the proceeds from the sale of shares of common stock by the Investor. However, we may receive up to $100,000,000 in
aggregate gross proceeds under the Stock Purchase Agreement.

(*) Based on the terms, the number of shares that may be sold under the Stock Purchase Agreement is indefinite. The Company has determined with the consent of the Investor to only register 20,000,000 shares at this time as an estimate of shares to be potentially sold within the next 12 months.

Our common stock is listed on The Nasdaq Stock Market LLC under the symbol “LTRY”. On April 23, 2025, the closing price of our common stock was $0.83 per share.

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