Company: LTRYW
Filing Date: 2025-04-11
Form Type: S-1
Source: 0001641172-25-003901
Chunk: 103

Company: Lottery.com Inc.
Filing Date: 2025-04-11
Form: S-1
Chunk 103
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 the date of this Report,
we are currently not in full compliance with the continued listing standards of Nasdaq, and we may not be able to regain full compliance
with Nasdaq’s continued listing standards in the future. Our common stock and warrants trade on The Nasdaq Global Market under
the symbols “LTRY” and “LTRYW,” respectively. Our failure to regain full compliance with all these requirements
may result in our securities being delisted from Nasdaq.

As of the date of this Report, our common stock is trading below Nasdaq’s $1.00 (U.S.) minimum trading
price requirement (the “Minimum Trading Price”), a minimum trading price that was breached on July 30, 2024. Should the Minimum
Trading Price not be restored, the Company risks having its securities delisted by Nasdaq.

If the Company’s securities are delisted from Nasdaq, 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 and 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 stock and/or warrants on another national securities exchange or obtain quotation on an over-the counter quotation system.

AutoLotto $30,000,000 Business Loan

On January 4, 2022, AutoLotto entered into a Business Loan Agreement (the “Business Loan”)