Company: LTRYW
Filing Date: 2025-10-15
Form Type: 10-Q/A
Source: 0001493152-25-018121
Chunk: 65

Company: Lottery.com Inc.
Filing Date: 2025-10-15
Form: 10-Q/A
Chunk 65
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 of Phase 1, the Company expects to restore other products it previously offered, such as
supplying lottery tickets to consumers in approved domestic jurisdictions, partnering with licensed providers in international jurisdictions,
monetizing Sports.com, and reviving other products and services that were under development when the Operational Cessation occurred.

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As of the date of this Report,
the current estimated cash balance of the Company and subsidiaries is approximately $69,874. The Company believes that this cash on hand,
along with future borrowings, will be sufficient for the Company to resume its core operations.

As of the date of this
Report, our common stock and warrants are traded on The Nasdaq Stock Market LLC (“Nasdaq”) under the ticker symbols
“LTRY” and “LTRYW,” respectively. As of the date of this Report, we are not in compliance with
Nasdaq’s continued listing requirements (the “Listing Rules”). See, “Risk Factors - Risks Related to Our Common Stock and Warrants – We are not currently in full compliance with the continued listing standards of Nasdaq and we may not be able to regain full compliance with Nasdaq’s continued listing standards in the future.”
Additionally, under its new management, the Company continues to work to improve its disclosure and reporting controls. Also, the
Company plans to overhaul its systems of internal control over financial reporting and invest in additional legal, accounting, and
financial resources.

Even if the Company’s phased plan to recommence its operations is successful, there can be no assurance that the Company will be able to remain in compliance
with the applicable Listing Rules.
If the Company’s securities are delisted from Nasdaq, it could be more difficult to buy or sell the Company’s common stock
and warrants or to obtain accurate quotations, and the price of the Company’s common stock and warrants could suffer a material
decline. Delisting could also impair the Company’s ability to raise additional capital needed to fund its operations and/or trigger
defaults and penalties under outstanding agreements or securities of the Company.

There can be no assurance that
we will have sufficient capital to support our operations and pay expenses, repay our debt, or that additional funds will be available
on favorable terms, if at all. We may not be able to restart our operations or generate sufficient funding to support such operations
in the future. The Company’s ability to continue its current operations, prepare and refile deficient and restated reports, and
restart its prior operations, is dependent upon obtaining