Company: LTRYW
Filing Date: 2025-12-10
Form Type: PRE 14A
Source: 0001493152-25-027089
Chunk: 29

Company: Lottery.com Inc.
Filing Date: 2025-12-10
Form: PRE 14A
Chunk 29
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 intrinsic value of our business or your proportional ownership in it.

Background

Our Common Stock is currently listed on The Nasdaq Stock Market LLC (“Nasdaq”) under the symbol “SEGG.” In order for our Common Stock to continue to be listed on Nasdaq, we must satisfy various listing maintenance standards established by Nasdaq. As of the date of this Report, we are currently in full compliance with the continued listing standards of Nasdaq, but we may not be able to remain in full compliance with Nasdaq’s continued listing standards in the future.

Reasons for the Proposed Forward Stock Split

The Board’s primary objective in proposing Forward Stock Split(s) is to undo (in whole or in part) the effect of any prior reverse stock splits and to make the Company’s shares more accessible and attractive to a wider range of investors. This corporate action increases the number of outstanding shares while proportionally decreasing the price per share, without changing the Company’s total market value.

By increasing
the number of shares outstanding and reducing the per-share trading price, a forward stock split may enhance the overall liquidity of
the Company’s common stock. A lower trading price may make the stock more accessible to a broader range of investors, including
retail investors who may view lower-priced shares as more affordable. Increased liquidity generally supports more efficient and orderly
trading in the Company’s common stock. Although the forward stock split does not by itself provide additional capital or change
the Company’s authorized shares, the increased number of outstanding shares may provide the Company with added flexibility in pursuing
future financing transactions, equity-based compensation, or strategic opportunities that involve equity consideration. Such flexibility
may support the Company’s long-term growth and operational objectives.

Criteria to be Used for Determining Whether to Implement Forward Stock Split

In determining whether to implement a Forward Stock Split and which Forward Stock Split ratio to implement, if any, following receipt of stockholder approval of this Proposal, our Board may consider, among other things, various factors, such as:

| ● | the                                                                                                                                    
 historical trading price and trading volume of our Common Stock;                                                                       |
| ● | the                                                                                                                                    
 then-prevailing trading price and trading volume of our Common Stock and the expected impact of the Forward Stock Split on the trading 
 market for our Common Stock in the short- and long-term;                                                                               |
| ● | Increased                                                                                                                              
 affordability for investors when a stock’s price becomes very high, it can be a barrier for many retail investors who may not          
 be able to afford a single share (or