Company: LTRYW
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001641172-25-024882
Chunk: 218

Company: Lottery.com Inc.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part II, Item 8
Chunk 218
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 entitled to receive
pro rata our remaining assets available for distribution.

As
of June 30, 2025 and December 31, 2024, 32,429,384
and 18,326,855
shares of Common Stock, respectively, were outstanding. During the three months ended June 30, 2025, the
Company issued the following shares of common stock.

Schedule
of Common Stock

    Schedule of Common Stock 

    Conversion of debt to equity 
     2,454,485 
  
    Stock issued in lieu of cash 
     2,564,794 
  
    Issuance of Common Stock converted for Convertible Notes 
     710,044 

    Total 
     5,729,323 
  
    Shares outstanding, balance 
     5,729,323 

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 $320.00 per share for any 20 trading days
    within a 30-trading day period ending on the third trading day prior to the date on which the Company sends the notice of redemption
    to the warrant holders; and

    ●
    if,
    and only if, there is a current registration statement in effect with respect to the shares of common stock underlying such warrants
    at the time of redemption and for the entire 30-day trading period referred to above and continuing each day thereafter until the
    date of redemption.