Company: LTRYW
Filing Date: 2025-10-15
Form Type: 10-Q/A
Source: 0001493152-25-018121
Chunk: 63

Company: Lottery.com Inc.
Filing Date: 2025-10-15
Form: 10-Q/A
Chunk 63
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 second payment of $212,500
(70,833 shares) due on or before one hundred and twenty-one (121) days following the Closing Date; (ii) a third payment, of $212,500 (70,833
shares) due on or before two hundred and twelve (212) days following the Completion Date; (iii) a fourth payment of $212,500 (70,833 shares)
due on or before three hundred and one (301) days following the Closing Date and (vi) a final and fifth payment of $212,500 (70,834 shares)
due on or before three hundred and ninety-six (396) days following the Closing Date. The acquisition closed on September 1, 2024 and the
balance sheet as of September 30, 2024 and results of operations for the month of September have been included in the consolidated financial
statements presented in this report.

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In addition, the Company agreed
to make available to the business of SportLocker.com, cash, media credits or combination thereof over the twelve months following the
Closing Date as additional capital investment into the business plan, to facilitate brand awareness, user acquisition and general performance
marketing and promotion, influencer and subscription campaigns and branding activities of S&MI’s streaming and social engagement,
subject to the Company successfully raising a minimum of new capital.

As part of the transaction, on
March 7, 2024, Sports.com, a wholly-owned subsidiary of the Company, announced by press release that it has launched the “Sports.com
App”. The App (which is available for download for free from all major app stores) connects sports content with audiences worldwide.
By uniting a diverse community of sports enthusiasts across various genres, demographics, and countries, Sports.com plans to eliminate
multiple cultural barriers and foster a global sports community.

On March 28, 2024, Sports.com,
a wholly-owned subsidiary of the Company, announced by press release that it has obtained the rights to live stream the March 31, 2024
heavyweight title fight between Frazier Clarke and Fabio Wardley. The live stream was available to view for free for millions of sports
fans in Africa, via the Sports.com website.

The live streaming event is the
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