Company: LTRYW
Filing Date: 2025-01-16
Form Type: POS AM
Source: 0001493152-25-002444
Chunk: 107

Company: Lottery.com Inc.
Filing Date: 2025-01-16
Form: POS AM
Chunk 107
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 result of a partnership between Sports.com, BOXXER, the fast-growing UK boxing promotional company, and Sky Sports in the UK and Ireland. Sports.com has entered into an agreement with BOXXER to provide live coverage through the Sports.com platform in Africa, via local telecom partners such as Vodacom, which will provide free access to millions of viewers.

This partnership underscores Sports.com’s commitment to bringing inclusivity, innovation, and entertainment to sports. To view the live streaming event on Sports.com, African-based sports fans were able to sign up via local mobile operators to watch the fight on the Sports.com platform. Sports.com’s strategic intent is to provide more such content to sports fans in underserved markets including those in the Middle East and Africa.

Boca Raton Lease

The employees and executives of “Lottery.com work remotely from home and for the most part are located in different parts of the United States.

On August 01, 2024, the Company entered into a lease agreement for premises in Boca Raton, Florida, The lease has a one year term commencing on August 1, 2024 and ending on July 31, 2025. The monthly rent is $25,000. Utilities and taxes are paid by the lessor. The consideration provided to the lessor as prepayment of the lease is 300,000 restricted shares of common stock which are being registered in this offering.

The Company leased the premises in Boca Raton, Florida (“the Property”) for use as the corporate campus for its US operations. It will be used for meetings with potential investors, partners, acquisition targets and for face to face meetings of corporate officers and key consultants.

Starting in the fourth quarter of 2024, it is anticipated that executives and key contractors will meet and work together for periods of approximately 10 days at a time as the company fully resumes operations, expands Sweepstakes offerings, and closes acquisitions. Additionally, the company has developed a shared services model for cost savings where oversight of certain functions such as finance and accounting, information technology, engineering and development, legal, compliance, and corporate governance, and certain operational processes and procedures are provided centrally for the parent company and its present subsidiaries and future acquisitions. Similarly, the Property will be used for all entities by the applicable executives and key consultants.

Plans for Recommencement of Company Operations

As noted above, since the Operational Cessation, the Company has had minimal day-to-day operations and has primarily focused on restarting certain of its core businesses. The Company has