Company: LTRYW
Filing Date: 2025-05-14
Form Type: S-1/A
Source: 0001641172-25-010091
Chunk: 6

Company: Lottery.com Inc.
Filing Date: 2025-05-14
Form: S-1/A
Chunk 6
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-to-business application programming interface (“API”) of the Platform, which enabled our commercial partners, in permitted U.S. and international jurisdictions, to purchase certain legally operated lottery games from us and to resell them to users located within their respective jurisdictions (“B2B API”); and (iii) delivering global lottery data, such as winning numbers and results, and subscriptions to data sets of our proprietary, anonymized transaction data pursuant to multi-year contracts to commercial digital subscribers (“Data Service”).

The mailing address of our principal executive office is 5049 Edwards Ranch Rd., 4th Floor Fort Worth, Texas 76109, and our telephone number is (737) 309-4500.

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Stock Purchase Agreement and Common Stock Purchase Warrant

On November 13,
2024, the Company and Generating Alpha Ltd. (the “Investor Selling Shareholder”), entered a Stock Purchase Agreement
and Common Stock Purchase Warrant (“Stock Purchase Agreement”). The Investor Selling Shareholder has agreed to purchase
from the Company up to One Hundred Million Dollars ($100,000,000) (the “Commitment Amount”) of the Company’s fully
registered, freely tradable common stock (the “Common Stock”) under certain terms and conditions. Pursuant to the terms of
the Stock Purchase Agreement the Company can request a “Put” on the purchase of its stock and the Investor Selling Shareholder
has agreed to purchase the Company’s shares at ninety (90%) percent of the “Market Price.” Market Price shall be
defined as the average VWAP of the common stock twenty trading days immediately preceding the Put. “Maximum
Put Amount”The dollar amount of Common
Stock sold to the Investor Selling Shareholder in each Put may not be less than $20,000.00 and the maximum amount will equal 100%
of the Average Daily Trading Volume. The Maximum Put Amount may be increased upon mutual written consent of the Company and the Investor
Selling Shareholder. Puts are further limited to Investor Selling Shareholder owning no more than 4.99% of the Common Stock
at any given time.

As per the terms
of the Stock Purchase Agreement, the Company issued to the Investor Selling Shareholder a Commitment Fee of 512,662 shares of
Common Stock and a prefunded Common Stock Purchase Warrant for 1,906,693 shares. After drawing down half of the Commitment Amount, the
Company shall issue an additional 1.5% of half of the Commitment Amount in