Company: LTRYW
Filing Date: 2025-04-09
Form Type: 10-K/A
Source: 0001641172-25-003412
Chunk: 169

Company: Lottery.com Inc.
Filing Date: 2025-04-09
Form: 10-K/A
Chunk 169
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 2021 |     |           | 19,784 |     | $        |   2.20 |     |              | 4.0 |     | $         |   272,638 |
| Granted                          |     |           |  4,631 |     |          | 151.20 |     |              | 3.8 |     |           |         0 |
| Exercised                        |     |           |      - |     |          |      - |     |              |   - |     |           |           |
| Forfeited/cancelled              |     |           |      - |     |          |      - |     |              |   - |     |           |           |
| Outstanding at December 31, 2022 |     |           | 24,415 |     |          |   0.11 |     |              | 2.8 |     |           | 1,200,387 |
| Granted                          |     |           |      - |     |          |      - |     |              |   - |     |           |           |
| Exercised                        |     |           |      - |     |          |      - |     |              |   - |     |           |           |
| Forfeited/cancelled              |     |           |      - |     |          |      - |     |              |   - |     |           |           |
| Outstanding at December 31, 2023 |     |           | 24,415 |     | $        |   0.11 |     |              | 1.8 |     | $         | 1,200,387 |

| F-24 |

Beneficial Conversion Feature - Convertible Debt

As detailed in Note 10- Notes Payable and Convertible Debt, the Company has issued two series of convertible debt. Both issuances resulted in the recognition of the beneficial conversion features contained within both of the instruments. The Company recognized the proceeds allocable to the beneficial conversion feature of $ 8,480,697as additional paid in capital and a corresponding debt discount of $ 2,795,000. This additional paid in capital is reflected in the accompanying consolidated Statements of Equity.

Earnout Shares

As detailed in Note 4 - as part of the TDAC Combination as of December 31, 2021 a total of 5,000,000Earnout Shares were eligible for issuance until December