Company: LTRYW
Filing Date: 2025-11-20
Form Type: 10-Q
Source: 0001493152-25-024384
Chunk: 227

Company: Lottery.com Inc.
Filing Date: 2025-11-20
Form: 10-Q
Item: Part II, Item 8
Chunk 227
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the All-Sports Arena in Boca Raton, Florida, valued at $14 million. The Company has yet not entered into a definitive purchase agreement
to complete the proposed transaction.

On
September 24, 2025, the Company signed a Letter of Intent to acquire a 51 % controlling stake in a newly formed entity holding the assets
of Racing Women Limited (“Racing Women”), a women’s motorsport platform, at a valuation of US $1 million, with options
for full ownership.  The proposed acquisition includes Racing Women’s intellectual property and global rights and aligns with
the Company’s strategy to expand its motorsports portfolio and enhance the reach of its existing brands.  The Company cautions
that no assurance can be given as to the timing or magnitude of revenue or cost benefits associated with the transaction, and the ultimate
impact on operating results and financial position is subject to customary closing conditions and risks inherent in executing strategic
acquisitions. The Company has yet not entered into a definitive purchase agreement to acquire the assets of Racing Women Limited.

On
November 13, 2025, the Company entered into a binding Letter of Intent to acquire Triggy.AI, a cloud-native artificial intelligence technology
firm specializing in dynamic advertising formats and gamified user engagement. Subject to approval by the Company’s Board, the
transaction is expected to close on or before November 28, 2025, and the Company anticipates the acquisition will strengthen its technology
stack by integrating Triggy’s AI engine across its existing digital asset portfolio (including Sports.com, Lottery.com and Concerts.com).

The
Company expects that the integration of Triggy.AI’s platform will contribute toward higher levels of user engagement, increased
dwell time on its platforms and more predictable recurring revenue streams through enterprise-client SaaS-style monetization. While no
purchase price or financing terms were disclosed in the announcement, the acquisition remains subject to customary closing conditions
and the effect on future financial results and balance sheet presentation upon completion is yet to be determined. The Company has yet
not entered into a definitive purchase agreement to acquire Triggy.AI

Nasdaq
Deficiency Resolution

On
October 16, 2025, the Company achieved a material regulatory milestone by regaining full compliance with the listing requirements of
Nasdaq Stock Market LLC. Specifically, on October 16, 2025, Nasdaq confirmed the resolution of a previously disclosed shareholder-approval
deficiency under Listing Rule 5635(c) linked to