Company: LTRYW
Filing Date: 2025-05-07
Form Type: S-1/A
Source: 0001641172-25-009053
Chunk: 84

Company: Lottery.com Inc.
Filing Date: 2025-05-07
Form: S-1/A
Chunk 84
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 to benefit from a change in control or change our management and Board and, as a result, may adversely affect the market price of common stock and the ability for any stockholder to realize any potential change of control premium.

Risks Related to Our Common Stock and Warrants

Although we are currently in full compliance with the continued listing standards of Nasdaq, we may not be able to remain in full compliance with Nasdaq’s continued listing standards in the future.

Our
common stock and warrants trade on The Nasdaq Global Market under the symbols “LTRY” and “LTRYW,” respectively.
Our failure to remain in full compliance with these requirements may result in our securities being delisted from Nasdaq.

On
September 11, 2024, the Staff notified the Company that the bid price of its common stock had closed at less than $1 per share over the
previous 30 consecutive business days, and, as a result, did not comply with Nasdaq Listing Rule 5550(a)(1). Therefore, in accordance
with e Listing Rule 5810(c)(3)(A), the Company was provided 180 calendar days to regain compliance with such rule.

As
reported on form 8-K filed on November 1, 2024, on October 28, 2024, the Company received a letter from Nasdaq stating that based upon
its review of the Company’s Market Value of Publicly Held Shares (“MVPHS”) for the last 30 consecutive business days,
the Company no longer met the minimum requirement of $5,000,000 in MVPHS set forth in Nasdaq Listing Rule 5450(b)(1)(C). However, under
the Listing Rules, the Company was provided a 180-calendar day grace period to regain compliance.

If
at any time during the compliance period the Company’s MVPHS closed at $5,000,000 or more for a minimum of ten consecutive business
days, Nasdaq would provide written confirmation of compliance and the matter would be closed. The Company met this requirement, notified
Nasdaq and on March 6, 2025 received written notification from Nasdaq confirming that the Company has regained compliance with Nasdaq
Listing Rule 5450(b)(1)(C) and the matter is now closed. The notification also stated that the Company had regained compliance with Nasdaq
Listing Rule 5550(a)(1) and that matter was also closed.

Furthermore,
the requirement that we maintain a majority of independent directors and at