Company: LTRYW
Filing Date: 2025-11-20
Form Type: 10-Q
Source: 0001493152-25-024384
Chunk: 230

Company: Lottery.com Inc.
Filing Date: 2025-11-20
Form: 10-Q
Item: Part II, Item 8
Chunk 230
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with Nasdaq Listing Rule 8510 (c)(3)(A) (the “Bid Price Listing Rule”). However, under the Listing Rules, the Company
was provided a 180-calendar day grace period to regain compliance

On
June 20, 2025 Lottery.com received a letter from Nasdaq determining that as a result of the Company’s common stock closing at a
bid price at or above $1.00 for twenty consecutive business days, the Company had regained compliance with the Bid Price Listing Rule.
Nasdaq has closed the matter.

On
October 16, 2025 Lottery.com received a letter from Nasdaq determining that, as a result of the
Company’s retroactive action to abandon the 2023 Employees’, Directors’ and Consultants Stock Issuance
and Option Plan and instead reflect that Ad Hoc grants were made pursuant to the 2021 Incentive Award Plan,
the Company has regained compliance with Listing Rule 5635(c). Nasdaq has closed the matter.

If
the Company’s securities are delisted from Nasdaq due to non-compliance with listing rules, it could be more difficult to buy and
sell the Company’s common stock and warrants or to obtain accurate quotations, and the price of the Company’s common stock
and warrants could suffer a material decline. Delisting could also impair the Company’s ability to raise capital and/or trigger
defaults and penalties under its outstanding agreements or securities. Further, even if we lose but are able to regain compliance with
Nasdaq listing requirements, there is no guarantee that we will be able to maintain our listing for any period of time.

Delisting
from Nasdaq could also result in negative publicity. Further, if we are delisted, we would also incur additional costs under state blue
sky laws in connection with any sales of our securities. These requirements could severely limit the market liquidity of our common stock
and/or warrants and the ability of our stockholders to sell our common stock and/or warrants in the secondary market. If our common stock
and/or warrants are delisted by Nasdaq, our common stock and/or warrants may be eligible to trade on an over-the-counter quotation system,
such as the OTCQB Market, where an investor may find it more difficult to sell our stock or obtain accurate quotations as to the market
value of our common stock and/or warrants. In the event our common stock and/or warrants are delisted from The Nasdaq Global Market,
we may not be able to list our common