Company: LTRYW
Filing Date: 2025-01-16
Form Type: POS AM
Source: 0001493152-25-002444
Chunk: 274

Company: Lottery.com Inc.
Filing Date: 2025-01-16
Form: POS AM
Chunk 274
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-day trading period referred to above and continuing each day thereafter until the    
 date of redemption.                                                                                                                  |

| F-64 |

If the Company calls the Public Warrants for redemption, management will have the option to require all holders that wish to exercise the Public Warrants to do so on a “cashless basis,” as described in the warrant agreement. These warrants cannot be net cash settled by the Company in any event.

After giving effect to the
Business Combination, as of December 31, 2023 there were Public Warrants outstanding for the issuance of 1,006,250shares
of common stock of the Company, which total includes previously issued warrants of AutoLotto, now warrants of Lottery.com Inc.,
which are exercisable for the purchase of an aggregate of 19,784shares
of common stock of the Company.

Private Warrants

Private warrants of TDAC issued before the business combination were forfeited and did not transfer to the surviving entity.

Unit Purchase Option

On June 1, 2018, the Company sold to the underwriter (and its designees), for $ 100, an option to purchase up to a total of 87,500Units exercisable at $ 240.00per Unit (or an aggregate exercise price of $ 21,000,000) commencing on the consummation of the Business Combination. The 87,500Units represents the right to purchase 87,500shares of common stock and 87,500warrants to purchase 87,500shares of common stock. The unit purchase option, which was exercisable for cash or on a cashless basis, at the holder’s option, expired on May 29, 2023. The Units issuable upon exercise of this option were identical to those offered by Lottery.com. The Company accounted for the unit purchase option, inclusive of the receipt of $ 100cash payment, as an expense of the Business Combination resulting in a charge directly to stockholders’ equity. As of December 31, 2023 all of the 87,500Units have been forfeit.

Common Stock Warrants

The Company did not issue any warrants during the years ended December 31, 2023 and 2022. All 24,415outstanding warrants are fully vested and have a weighted average remaining contractual life of 2.7years. The Company did not incur any expense for the year ended December 31, 2023 and 2022.

Schedule of Common Stock Warrant

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