Company: LTRYW
Filing Date: 2025-11-20
Form Type: 10-Q
Source: 0001493152-25-024384
Chunk: 316

Company: Lottery.com Inc.
Filing Date: 2025-11-20
Form: 10-Q
Item: Part I, Item 2
Chunk 316
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 was dismissed with prejudice. All pending deadlines and hearings were terminated, and any other pending motions were denied
as moot. Plaintiffs filed a notice of appeal as to the Order and subsequently filed Appellants’ Brief. On June 16, Appellee’s
filed their Answer Brief with the 11th Circuit and on filed and served the Supplemental Appendix to Appellees’ Answer Brief.

Honey
Tree Trading

On
September 4, 2024, Honey Tree Trading, LLC (“Honey Tree” or “Plaintiff”) filed a verified original complaint
(the “Complaint”) against Lottery.com (“Lottery.com” or the “Company”) and directors Matthew
Howard McGahan (“McGahan”), Christopher Gooding (“Gooding”), Paul Jordan (“Jordan”), Tamer
Hassan (“Hassan”) and Warren Macal (“Macal” together with McGahan, Gooding, Jordan and Hassan, the
“Individual Defendants” and, collectively Lottery.com, the “Defendants”) in Delaware Chancery Court
alleging, amongst other things, breach of contract by the Company with respect to certain notes and warrants and breach of fiduciary
duties by the Individual Defendants. (CA. No. 2024-0921-NAC: styled Honey Tree Trading, LLC v. Lottery.com Inc., et al.). On October
10, 2024, Honey Tree amended its Complaint by filing an amended verified complaint (the “Amended Complaint”) and a
motion to expedite proceedings (the “Motion”). On November 6, 2024, at a hearing on Plaintiff’s Motion (the
“Hearing”) and on the issue of breach of fiduciary duties against the Individual Defendants, Honey Tree’s counsel
informed the Court that, “[t]here is no question that Honey Tree is presently a shareholder and was a shareholder at the time
it presented its pleading.” On November 12, 2024, Plaintiff’s counsel informed the Court that “Honey Tree did own
shares prior to the filing of the Amended Complaint but sold them prior to that filing; and (ii) Honey Tree did not
subsequently purchase shares of Lottery.com until November 7, 2024, the day after the [H]earing,” (Plaintiff’s
Admission”). Following Plaintiff’s Admission on November 13, 2024, Plaintiff dismissed without prejudice its claims
against Hassan and Macal (the “Dismiss