Company: LTRYW
Filing Date: 2025-11-20
Form Type: 10-Q
Source: 0001493152-25-024384
Chunk: 40

Company: Lottery.com Inc.
Filing Date: 2025-11-20
Form: 10-Q
Item: Part I, Item 1
Chunk 40
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 matters submitted to a vote of stockholders. The holders of Common Stock do not have cumulative voting rights in the election of
directors. Upon our liquidation, dissolution or winding up and after payment in full of all amounts required to be paid to creditors
and to the holders of preferred stock having liquidation preferences, if any, the holders of our Common Stock will be entitled to receive
pro rata our remaining assets available for distribution.

As
of September 30, 2025 and December 31, 2024, 4,391,123
and 1,832,685
shares of Common Stock, respectively, were outstanding. During the three months ended September 30, 2025, the Company issued the
following shares of common stock.

Schedule
of Common Stock

    Schedule of Common Stock 

    Conversion of debt to equity 
     219,226 
  
    Stock issued in lieu of cash 
     397,377 
  
    Stock issued for acquisitions 
     340,000 
  
    Issuance of stock as part of stock purchase agreement 
     191,581 

    Total 
     1,148,184 
  
    Shares outstanding, balance 
     1,148,184 

Public
Warrants

The
Public Warrants became exercisable 30 days after the Closing; the Company has an effective registration statement under the Securities
Act covering the shares of common stock issuable upon exercise of the Public Warrants and a current prospectus relating to them is available
(or the Company permits holders to exercise their Public Warrants on a cashless basis and such cashless exercise is exempt from registration
under the Securities Act). The S-1 registration became effective November 24, 2021. The Public Warrants will expire five years after
October 29, 2021, which was the completion of the TDAC Combination or earlier upon redemption or liquidation.

The
Company may redeem the Public Warrants:

    ●
    in
    whole and not in part;

    ●
    at
    a price of $0.01 per warrant;

    ●
    upon
    a minimum of 30 days’ prior written notice of redemption;

    ●
    if,
    and only if, the last sale price of the Company’s common stock equals or exceeds $3,200.00 per share for any 20 trading days
    within a 30-trading day period ending on the third trading day