Company: LTRYW
Filing Date: 2025-04-21
Form Type: 10-K
Source: 0001641172-25-005487
Chunk: 95

Company: Lottery.com Inc.
Filing Date: 2025-04-21
Form: 10-K
Item: Item 1A
Chunk 95
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 could be more difficult to buy and 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 capital or trigger defaults and penalties under its outstanding
agreements or securities. Further, even if we regain compliance with Nasdaq listing requirements, there is no guarantee that we will
be able to maintain our listing for any period of time.

Delisting
from Nasdaq could also result in negative publicity. Further, if we are delisted, we would also incur additional costs under state blue
sky laws in connection with any sales of our securities. These requirements could severely limit the market liquidity of our common stock
or warrants and the ability of our stockholders to sell our common stock or warrants in the secondary market. If our common stock
or warrants are delisted by Nasdaq, our common stock or warrants may be eligible to trade on an over-the-counter quotation system,
such as the OTCQB Market, where an investor may find it more difficult to sell our stock or obtain accurate quotations as to the market
value of our common stock or warrants. In the event our common stock or warrants are delisted from The Nasdaq Global Market,
we may not be able to list our common stock or warrants on another national securities exchange or obtain quotation on an over-the
counter quotation system.

An
active trading market for our common stock and warrants may never develop or be sustained, which may make it difficult to sell the shares
of common stock and warrants.

An
active trading market for the common stock and warrants may not develop or continue or, if developed, may not be sustained, which would
make it difficult for you to sell your shares of common stock and warrants at an attractive price or at all. The market price of our
common stock and warrants may decline below your purchase price, and you may not be able to sell your shares of common stock and warrants
at or above the price you paid for such shares or at all.

  52  

The
market price of our common stock and warrants could be highly volatile, and you may lose some or all of your investment.

The
market price of our common stock and warrants could be highly volatile and may be subject to wide fluctuations in response to a variety
of factors, including the following:

  announcements by us or                                                                                                                  
  the public’s reaction                                                                                                                   
  rumors and market speculation