Company: LTRYW
Filing Date: 2025-04-21
Form Type: 10-K
Source: 0001641172-25-005487
Chunk: 88

Company: Lottery.com Inc.
Filing Date: 2025-04-21
Form: 10-K
Item: Item 1A
Chunk 88
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, we have and will continue to need to hire additional legal, accounting and financial staff or
contractors, all with appropriate public company experience. Internally, we must continue to increase our technical accounting knowledge
as well as maintain an internal audit function, which will increase our operating expenses. Moreover, we could incur additional compensation
costs in the event that we decide to pay cash compensation closer to that of other public companies, which would increase our general
and administrative expenses and could materially and adversely affect our profitability. We cannot predict or estimate the amount of
additional costs we may incur or the timing of such costs.

Risks
Relating to Our Charter Documents and Delaware Law

Our
Charter includes certain redemption rights which may negatively affect the value our common stock and other securities or result
in the redemption of shares of common stock or other securities held by certain holders.

Our
Second Amended and Restated Certificate of Incorporation (our “ Charter”) provides that any shares of capital stock, bonds,
notes, convertible debentures, options, warrants or other instruments that represent a share of equity of the Company, a debt owed by
the Company or the right to acquire any of the foregoing (for purposes of this section, the “ Redeemable Securities”), owned
or controlled by a record or beneficial holder of the Company’s Redeemable Securities or an affiliate thereof who or that (i) fails
or refuses to participate in good faith in an investigative process of, or submit documents, give notices or make filings requested or
required by, any Regulatory Authority (as such term is defined in the Charter), (ii) is denied or disqualified by any regulatory authority
from receiving or holding any Regulatory Approval (as such term is defined in the Charter)), (iii) is determined by a regulatory authority
or by the Board, based on advice of counsel or verifiable information received from any Regulatory Authority, to be disqualified or unsuitable
to own or control any Redeemable Securities or to be associated or affiliated in any capacity with the Company, its affiliates, or the
business and activities of the Company and its affiliates in any Applicable Jurisdiction (as such term is defined in the Charter), (iv)
causes the Company or any of its affiliates to lose or to be threatened with the loss of any Regulatory Approval, or (v) is deemed likely
by the Board, based on advice of counsel or verifiable information received from any Regulatory Authority, by virtue of such holder’s
ownership or control of Rede