Company: LTRYW
Filing Date: 2025-11-20
Form Type: 10-Q
Source: 0001493152-25-024384
Chunk: 276

Company: Lottery.com Inc.
Filing Date: 2025-11-20
Form: 10-Q
Item: Part I, Item 2
Chunk 276
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The
following discussion and analysis of our financial condition and results of operations together with the condensed consolidated financial
statements and the related notes appearing elsewhere in this Report contains forward-looking statements that involve risks and uncertainties.
Our actual results and the timing of events may differ materially from those expressed or implied in such forward-looking statements
as a result of various factors, including those set forth in the section entitled “Cautionary Note Regarding Forward-Looking Statements”
included herein and the sections entitled “Risk Factors” included in this Report and in our Annual Report on Form 10-K/A
for the year ended December 31, 2024 (our “Annual Report”).

Overview

During
FY 2024, the Company addressed legacy issues while successfully regaining full compliance with Nasdaq’s continued listing rules
and restarting operations on a limited basis in order to stage Lottery.com for growth in FY 2025. The cornerstone of the Company’s
operational progress for FY 2025 has been driven by technology, product and service/capability enhancements. This progress is driven
primarily by the execution of the Company’s “Buy-and-Build” strategy which identifies revenue-producing assets which
have the capability to accelerate the Company’s operations in the sports, entertainment, and gaming markets.

This
Report is reflective of the Company’s commitment to transparency, integrity, and responsible corporate governance. The investment
commitments from United Capital Investments London Limited and Generating Alpha outlined in this report are evidence of investor belief
in Management’s capability to resume core lottery and gaming operations, launch additional international lottery operations, and
expand operations in Mexico and offerings of sweepstakes, as well as successful monetization of Sports.com, entrance into the entertainment
market, and expand the Company’s brand across the globe.

Nasdaq
Listing

On
May 2, 2025, Lottery.com Inc. (the “Company” or “Lottery.com”) received a letter from the Nasdaq Listings Qualifications
Staff (“Nasdaq Staff”) Indicating they had determined that the Company failed to comply with Nasdaq’s shareholder approval
requirements set forth in Listing Rule 5635(c) (the “Approval Rule”).

The
Company was notified that it was required to obtain shareholder approval under the Approval Rule prior to the establishment of a 2023
Employees’ Directors’ and Consultants Stock Issuance and Option Plan (the “2023 Plan”) and the Ad Hoc Grants
and the shares issued in connection therewith. The Company reported