Company: LTRYW
Filing Date: 2025-03-11
Form Type: 8-K
Source: 0001493152-25-009806
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Company: Lottery.com Inc.
Filing Date: 2025-03-11
Form: 8-K
Item: Item 1.01
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Item
1.01. Entry into a Material Definitive Agreement.

Acquisition
of Spektrum, Ltd.

On March 6, 2025, Lottery. com Inc. (“ Lottery. com”
or the “ Company”) finalized the agreement with PlusEVO Ltd. (the “ Seller” or “ PlusEVO”) for the acquisition
of its wholly owned Spektrum Ltd. (the “ Stock Purchase and Sale Agreement”). Attached hereto as Exhibit 10.1, the Company
issued a press release stating that it had entered into a Stock Purchase Agreement to support the Company’s expansion into the
international lottery market. The acquisition is now scheduled to close on or before March 13, 2025.

Pursuant
to the Stock Purchase and Sale Agreement, the Purchase
Price is the total equivalent of One Million Five Hundred Thousand Dollars USD ($1,500,000.00) in restricted stock units of common shares
in the Company. (the “ Payment-In-Kind”) fixed at Three Dollars USD ($3.00) per share (the “ Fixed Price”). Purchase
Price is to be paid out in five payments on the following schedule: