Company: LTRYW
Filing Date: 2025-04-09
Form Type: 10-K/A
Source: 0001641172-25-003412
Chunk: 199

Company: Lottery.com Inc.
Filing Date: 2025-04-09
Form: 10-K/A
Chunk 199
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 beneficially own the shares held by     
 MC Holdings.                                                                                                               |

Equity Compensation Plan Information

The following table summarizes share and exercise price information about the Company’s equity compensation plans as of December 31, 2023.

|                                                           |     | Number of Securities to be Issued Upon               
 Exercise of Outstanding Options, Warrants and Rights |   |     | Weighted Average Exercise Price of       
 Outstanding Options, Warrants and Rights |   |     | Number of Securities Remaining                                
 Available for Future Issuance Under Equity Compensation Plans |         |
| Equity Compensation plans approved by security holders(1) |     |                                                      | — |     |                                          | — |     |                                                               | 656,918 |

| (1) | Relates                                      
 only to the Lottery.com 2021 Incentive Plan. |

In connection with the Business Combination, the Board and stockholders approved the Lottery.com 2021 Incentive Plan, which enables the Company to grant non-qualified stock options, incentive stock options, stock appreciation rights, restricted stock, restricted stock units, unrestricted stock, other share based awards and cash awards to directors, employees, consultants and advisors to improve the ability of the Company to attract and retain key personnel upon whom the Company’s sustained growth and financial success depend, by providing such persons with an opportunity to acquire or increase their proprietary interest in the Company.

| 81 |

Item 13. Certain Relationships and Related Transactions, and Director Independence.

Investor Rights Agreement

Simultaneously with the closing of the Business Combination on October 29, 2021 (the “Business Combination Closing”), the Company entered into an investor rights agreement (the “Investor Rights Agreement”) with the initial stockholders of Trident Acquisition Corp. and certain stockholders of AutoLotto, including Lawrence Anthony DiMatteo III, our former chief executive officer, and Matthew Clemenson, our former chief revenue officer (collectively, the “Stockholder Parties”). Pursuant to the Investor Rights Agreement, such parties agreed to vote or cause to be voted all shares owned by them or take such other necessary action to ensure that (i) our Board was made up of at least five directors at Closing, (ii) one director nominated by the Initial Stockholders (the “Initial Stockholders Director”) and the remaining directors nominated by the AutoLotto stockholders (the “AutoLotto Directors”) would be elected to our initial Board, with the Initial Stockholders Director designated as a Class II director, and (iii) following the nomination