Company: LTRYW
Filing Date: 2025-04-25
Form Type: S-1/A
Source: 0001641172-25-006093
Chunk: 220

Company: Lottery.com Inc.
Filing Date: 2025-04-25
Form: S-1/A
Chunk 220
---
 on the consummation of the Business Combination. The 87,500Units represents the right to purchase 87,500shares of common stock and 87,500warrants to purchase 87,500shares of common stock. The unit purchase option, which was exercisable for cash or on a cashless basis, at the holder’s option, expired on May 29, 2023. The Units issuable upon exercise of this option were identical to those offered by Lottery.com. The Company accounted for the unit purchase option, inclusive of the receipt of $ 100cash payment, as an expense of the Business Combination resulting in a charge directly to stockholders’ equity. As of December 31, 2023, all 87,500Units have been forfeited.

Common Stock Warrants

The Company did not issue any warrants during the years ended December 31, 2024 and 2023. All 24,415outstanding warrants are fully vested and have a weighted average remaining contractual life of 2.7years. The Company did not incur any expense for the year ended December 31, 2024 and 2023.

Schedule of Common Stock Warrants

|                      |     | Number 
 of     
 Shares |           |     | Weighted 
 Average  
 Exercise 
 Price    |      |     | Weighted    
 Average     
 Remaining   
 Contractual 
 Life        
 (years)     |      |     | Aggregate 
 Intrinsic 
 Value     |           |
|:---------------------|:----|:-------|----------:|:----|:---------|-----:|:----|:------------|-----:|:----|:----------|----------:|
| Outstanding          
 at December 31, 2022 |     |        |    24,415 |     | $        | 0.11 |     |             | 2.82 |     | $         | 1,200,387 |
| Granted              |     |        |         - |     |          |    - |     |             |    - |     |           |         - |
| Exercised            |     |        |         - |     |          |    - |     |             |    - |     |           |         - |
| Forfeited/cancelled  |     |        |         - |     |          |    - |     |             |    - |     |           |           |
| Outstanding          
 at December 31, 2023 |     |