Company: LTRYW
Filing Date: 2025-04-09
Form Type: 10-K/A
Source: 0001641172-25-003412
Chunk: 4

Company: Lottery.com Inc.
Filing Date: 2025-04-09
Form: 10-K/A
Chunk 4
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as defined herein).                             |
| ● | Our                                                                                                                                           
 obligations under certain loan agreements are secured by a first priority security interest in substantially all of our assets and            
 if we were to default, they could force us to curtail or abandon our business plans and operations.                                           |
| ● | The issuance and sale of common stock upon conversion of the amounts owed                                                                     
 or upon exercise of the warrants issued to Woodford, UCIL, or investors placed by Univest (as defined herein) under each’s respective         
 loan agreements may depress the market price of our common stock and cause substantial dilution.                                              |
| ● | We                                                                                                                                            
 currently owe a significant amount of money under our loan agreements, which we may not be able to repay on each agreement’s                  
 terms and conditions.                                                                                                                         |
| ● | Other                                                                                                                                         
 factors described in this Amended Report under the heading “Item 1A. Risk Factors.”                                                           |

The risks described under the heading “ Item 1A. Risk Factors” are not exhaustive. Other sections of this Amended Report describe additional factors that could adversely affect the business, financial condition or results of operations of the Company. New risk factors emerge from time to time, and it is not possible to predict all such risk factors, nor can we assess the impact of all such risk factors on our business, or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. Forward-looking statements are not guarantees of performance. You should not put undue reliance on these statements, which speak only as of the date hereof. All forward-looking statements attributable to Lottery.com or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements. Lottery.com Inc. undertakes no obligations to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law and regulation.

| iii |

<div align='center'>PART I</div>

Item 1. Business.

Overview and Recent Developments

We were originally formed as Trident Acquisition Corp., a Delaware corporation on March 17, 2016, for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, recapitalization or other similar business combination with one or more businesses. On October 29, 2021, we consummated a business combination (the “Business Combination”) with AutoLotto, Inc. (“AutoLotto”). Following the closing of