Company: LTRYW
Filing Date: 2025-12-10
Form Type: PRE 14A
Source: 0001493152-25-027089
Chunk: 28

Company: Lottery.com Inc.
Filing Date: 2025-12-10
Form: PRE 14A
Chunk 28
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 outstanding shares of common stock at a discounted exercise price to the Lender(s) and Warrant(s) holder under the terms of the Loan(s) or Accordion(s). Therefore, we are seeking stockholder approval under this proposal in accordance with Nasdaq Listing Rules 5635(b) and 5635(d),

Required Vote

Approval of the Nasdaq Exchange Cap Proposal requires the affirmative vote of a majority of the votes cast and entitled to vote thereon. Abstentions will have no effect on the outcome of this Nasdaq Exchange Cap Proposal.

<div align='center'>OUR BOARD RECOMMENDS A VOTE “FOR” THE APPROVAL OF THIS NASDAQ EXCHANGE CAP PROPOSAL</div>

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<div align='center'>PROPOSAL NO. 5

THE FORWARD STOCK SPLIT PROPOSAL</div>

To approve, if required,
one or more amendments to the Company’s Articles of Incorporation (as amended and restated from time to time) and to authorize
the Company’s Board of Directors to effect one or more forward stock splits of our common stock (“Forward Stock Splits”,
each a “Forward Stock Split”), par value $0.001 per share (the “Common Stock”) at a ratio in the range of [●]-to-one
to [●]-to-one of our Common Stock, with the number of Forward Stock Splits and the exact ratio of each Forward Stock Split to be
determined at the discretion of the Company’s Board of Directors and with each such Forward Stock Split to be effected at such
time and date, if at all, as determined by the Company’s Board of Directors at its sole discretion (the “Forward Stock Split(s)
Proposal”).

By approving this proposal, stockholders will approve that any whole number of outstanding shares between and including [●] and [●] would be converted into multiple shares of our Common Stock. Our Board believes that stockholder approval of this proposal granting our Board this discretion, rather than approval of a specified stock split ratio, provides our Board with maximum flexibility to react to then-current market conditions and, therefore, is in the best interests of the Company and its stockholders. Our Board may choose not to do any Forward Stock Splits. A Forward Stock Split will take effect, if at all, only after it is deemed by the Board to be in the best interests of the Company and its stockholders.

You should keep in mind that the implementation of a forward stock split does not have an effect on the