Company: LTRYW
Filing Date: 2025-03-07
Form Type: 8-K
Source: 0001493152-25-009473
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Company: Lottery.com Inc.
Filing Date: 2025-03-07
Form: 8-K
Item: Item 3.01
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Item
3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

Lottery. com
Inc. Receives Compliance Determination Letter from Nasdaq.

As
previously reported, on September 11, 2024, Lottery. com Inc. (“ Lottery. com” or “the
Company”) received a notice from The Nasdaq Stock Market LLC (“ Nasdaq”) indicating that, as a result of,
the Company was not in compliance with Nasdaq Listing Rule 5450(a)(1) (the “ Bid Price Listing Rule”). Also previously reported,
on October 28, 2024, the Company received a notice that the market value of publicly held shares (“ MVPHS”) had fallen below
$5,000,000 causing it to be out of compliance with Nasdaq Listing Rule 5450(b)(1)(c) (the “ MVPHS Listing Rule”).

On
March 6, 2025 Lottery. com received a letter from Nasdaq determining that as a result of the Company’s common stock closing at a
bid price at or above $1.00 for twenty consecutive business days and its MVPHS being above $5,000,000 or more during the same period,
the Company had regained compliance with both the Bid Price Listing Rule and the MVPHS Listing Rule. Nasdaq has closed both matters.

Forward
Looking Statements

This
Current Report on Form 8-K (the “ Form 8-K”) contains statements that constitute “forward-looking statements”
within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934,
as amended. All statements, other than statements of present or historical fact included in this Form 8-K, regarding the Company’s
strategy, future operations, prospects, plans and objectives of management, are forward-looking statements. When used in this Form 8-K,
the words “could,” “should,” “will,” “may,” “believe,” “anticipate,”
“intend,” “estimate,” “expect,” “project,” “initiatives,” “continue,”
the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking
statements contain such identifying words. These forward-looking statements are based on management’s current expectations and
assumptions about future events and are based on currently available information as to