Company: LTRYW
Filing Date: 2025-04-25
Form Type: S-1/A
Source: 0001641172-25-006093
Chunk: 6

Company: Lottery.com Inc.
Filing Date: 2025-04-25
Form: S-1/A
Chunk 6
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 users located within their respective jurisdictions (“B2B API”); and (iii) delivering global lottery data, such as winning numbers and results, and subscriptions to data sets of our proprietary, anonymized transaction data pursuant to multi-year contracts to commercial digital subscribers (“Data Service”).

The mailing address of our principal executive office is 5049 Edwards Ranch Rd., 4th Floor Fort Worth, Texas 76109, and our telephone number is (737) 309-4500.

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Stock Purchase Agreement and Common Stock Purchase Warrant

On November
13, 2024, the Company and Generating Alpha Ltd. (the “Investor”), entered a Stock Purchase Agreement and Common Stock Purchase
Warrant (“Stock Purchase Agreement”). The Investor has agreed to purchase from the Company up to One Hundred Million Dollars
($100,000,000) (the “Commitment Amount”) of the Company’s fully registered, freely tradable common stock (the “Common
Stock”) under certain terms and conditions. Pursuant to the terms of the Stock Purchase Agreement the Company can request a “Put”
on the purchase of its stock and the Investor has agreed to purchase the Company’s shares at ninety (90%) percent of the “Market
Price.” Market Price shall be defined as the average VWAP of the common stock twenty trading days immediately preceding the Put.
“Maximum Put Amount”The dollar amount of Common Stock sold to the Investor in each Put may not be less than $20,000.00 and the maximum amount
will equal 100% of the Average Daily Trading Volume. The Maximum Put Amount may be increased upon mutual written consent of the Company
and the Investor. Puts are further limited to Investor owning no more than 4.99% of the Common Stock at any given time.

As per the terms
of the Stock Purchase Agreement, the Company issued to the Investor a Commitment Fee of 512,662 shares of Common Stock and a prefunded
Common Stock Purchase Warrant for 1,906,693 shares. After drawing down half of the Commitment Amount, the Company shall issue an additional
1.5% of half of the Commitment Amount in an amount to equal shares of the Company’s common stock, not to exceed 4.99% of the Company’s
issued and outstanding. Any amount that would exceed 4.99% of the Company’s issued and outstanding shall be issued in the form
of a prefunded Common Stock Purchase Warrant. The aggregate exercise price of