Company: LTRYW
Filing Date: 2025-12-10
Form Type: PRE 14A
Source: 0001493152-25-027089
Chunk: 37

Company: Lottery.com Inc.
Filing Date: 2025-12-10
Form: PRE 14A
Chunk 37
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 intended only as a summary of certain material U.S. federal income tax consequences of a Forward Stock Split. It is not a complete analysis or discussion of all potential tax effects that may be important to a particular holder. All holders of our Common Stock should consult their own tax advisors as to the specific tax consequences of a Forward Stock Split, including record retention and tax-reporting requirements, and the applicability and effect of any U.S. federal, state, local and non-U.S. tax laws.

Vote Required

The affirmative
vote of the holders of a majority of the outstanding shares entitled to vote on the matter will be required to approve a Forward
Stock Split of our Common Stock at a ratio in the range of one-to-[●]-to-one to [●]-, such ratio to be determined
in the discretion of our Board.

<div align='center'>OUR BOARD RECOMMENDS A VOTE “FOR” THE APPROVAL OF THIS FORWARD STOCK SPLIT PROPOSAL</div>

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<div align='center'>PROPOSAL NO. 6

THE REVERSE STOCK SPLIT PROPOSAL</div>

Our Board has approved, and is recommending that our stockholders approve, proposed amendments to our Certificate of Incorporation to effect reverse stock splits (“Reverse Stock Splits”) of all of the issued and outstanding shares of our Common Stock at a ratio of between one-for-[●] (1:[●]) and one-for-[●] (1:[●])(inclusive), with such ratio to be determined at the sole discretion of our Board and with such Reverse Stock Splits to be effected at such time and date, if at all, as determined by our Board in its sole discretion. The text of the proposed form of Certificate of Amendment to our Certificate of Incorporation (the “Certificate of Amendment”) to effect a Reverse Stock Split is attached as Appendix Ato this Proxy Statement. However, the text of the proposed amendments is subject to revision to include such changes as may be required by the Secretary of State of the State of Delaware and as our Board deems necessary or advisable to effect the proposed amendment of our Certificate of Incorporation.

By approving this proposal, stockholders will approve one amendment or a series of amendments to our Certificate of Incorporation pursuant to which any whole number of outstanding shares between and including [●] and [●] would be combined into one share of our Common Stock, and authorize our Board to file only one such amendment, as determined by our Board in the manner described herein, and to