Company: LTRYW
Filing Date: 2025-04-22
Form Type: 10-K/A
Source: 0001641172-25-005663
Chunk: 22

Company: Lottery.com Inc.
Filing Date: 2025-04-22
Form: 10-K/A
Chunk 22
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, the Company expects to restore other products it previously offered, such as supplying lottery tickets to consumers in approved domestic jurisdictions, partnering with licensed providers in international jurisdictions, monetizing Sports.com and reviving other products and services that were under development when the Operational Cessation occurred.

As of the date of this Report,
the current estimated cash balance of the Company and subsidiaries is approximately $36,799. The Company believes that this cash
on hand, along with future borrowings, will be sufficient for the Company to resume core operations.

Our common stock and warrants
are traded on The Nasdaq Stock Market LLC (“Nasdaq”) under the ticker symbols “LTRY” and “LTRYW,”
respectively. As of the date of this Report, we are in compliance with Nasdaq’s continued listing requirements (the “Listing
Rules”) Additionally, under its new management, the Company continues to work to improve its disclosure and reporting controls and plans to continue improving its systems of internal control over financial reporting and invest in additional legal, accounting,
and financial resources.

Even if the Company’s three
phase plan to restart its operations is successful, there can be no assurance that the Company will be able to maintain compliance with
Nasdaq’s applicable Listing Rules. If the Company’s securities are delisted from Nasdaq, it could be more difficult to buy
or sell the Company’s common stock and warrants or to obtain accurate quotations, and the price of the Company’s common stock
and warrants could suffer a material decline. Delisting could also impair the Company’s ability to raise additional capital needed
to fund its operations or trigger defaults and penalties under outstanding agreements or securities of the Company.

There can be no assurance that
we will have sufficient capital to support our operations and pay expenses, repay our debt, or that additional funds will be available
on favorable terms, if at all. Future financing options available to the Company include equity financings, debt financings or other
capital sources, including collaborations with other companies or other strategic transactions. Equity financings may include sales of
common stock. Such financing may not be available on terms favorable to the Company or at all. The terms of any financing may adversely
affect the holdings or rights of the Company’s stockholders and may cause significant dilution to existing stockholders. There can
be no assurance that the Company will continue to be successful in obtaining sufficient funding on terms acceptable to the Company, if
at all, which would have a material adverse effect on its business, financial