Company: LTRYW
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001641172-25-024882
Chunk: 35

Company: Lottery.com Inc.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 1
Chunk 35
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 there were no shares of preferred stock issued and outstanding.

     F-19 

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 June 30, 2025 and December 31, 2024, 32,429,384
and 18,326,855
shares of Common Stock, respectively, were outstanding. During the three months ended June 30, 2025, the
Company issued the following shares of common stock.

Schedule
of Common Stock

    Schedule of Common Stock 

    Conversion of debt to equity 
     2,454,485 
  
    Stock issued in lieu of cash 
     2,564,794 
  
    Issuance of Common Stock converted for Convertible Notes 
     710,044 

    Total 
     5,729,323 
  
    Shares outstanding, balance 
     5,729,323 

Public
Warrants

The
Public Warrants became exercisable 30 days after the Closing; the Company has an effective registration statement under the Securities
Act covering the shares of common stock issuable upon exercise of the Public Warrants and a current prospectus relating to them is available
(or the Company permits holders to exercise their Public Warrants on a cashless basis and such cashless exercise is exempt from registration
under the Securities Act). The S-1 registration became effective November 24, 2021. The Public Warrants will expire five years after
October