Company: LTRYW
Filing Date: 2025-05-21
Form Type: 10-Q
Source: 0001641172-25-011865
Chunk: 24

Company: Lottery.com Inc.
Filing Date: 2025-05-21
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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3 and in
all subsequent reports for all periods presented.

Preferred
Stock

Pursuant
to the Company’s charter, the Company is authorized to issue 1,000,000 shares of preferred stock, par value $0.001 per share. Our
board of directors has the authority without action by the stockholders, to designate and issue shares of preferred stock in one or more
classes or series, and the number of shares constituting any such class or series, and to fix the voting powers, designations, preferences,
limitations, restrictions and relative rights of each class or series of preferred stock, including, without limitation, dividend rights,
conversion rights, redemption privileges and liquidation preferences, which rights may be greater than the rights of the holders of the
common stock. As of March 31, 2025, there were no shares of preferred stock issued and outstanding.

  F-20  

Common
Stock

Our
Charter authorizes the issuance of an aggregate of 500,000,000 shares of Common Stock, par value $0.001 per share. The shares of Common
Stock are duly authorized, validly issued, fully paid and non-assessable. Our purpose is to engage in any lawful act or activity for
which corporations may now or hereafter be organized under the DGCL. Unless our Board determines otherwise, we will issue all shares
of our common stock in an uncertificated form. Holders of our Common Stock are entitled to one vote for each share held of record on
all matters submitted to a vote of stockholders. The holders of Common Stock do not have cumulative voting rights in the election of
directors. Upon our liquidation, dissolution or winding up and after payment in full of all amounts required to be paid to creditors
and to the holders of preferred stock having liquidation preferences, if any, the holders of our Common Stock will be entitled to receive
pro rata our remaining assets available for distribution.

As
of March 31, 2025 and December 31, 2024, 26,700,060 and 18,326,855 shares of Common Stock, post reverse stock split, respectively, were
outstanding. During the quarter ended March 31, 2025, the Company issued the following shares of common stock.

  Issuance                         78,574  
  Issuance                      8,294,631  
  Total                         8,373,205  

Public
Warrants

The