Company: LTRYW
Filing Date: 2025-04-11
Form Type: S-1
Source: 0001641172-25-003901
Chunk: 243

Company: Lottery.com Inc.
Filing Date: 2025-04-11
Form: S-1
Chunk 243
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 of its current directors and officers containing provisions which are in some respects broader than the specific indemnification provisions contained in the DGCL. The indemnification agreements require Lottery.com, among other things, to indemnify its directors against certain liabilities that may arise by reason of their status or service as directors and to advance their expenses incurred as a result of any proceeding against them as to which they could be indemnified.

Item 15. Recent Sales of Unregistered Securities.

As reported on form 8-K filed with the SEC onFebruary 6, 2024, on December 6, 2023, Univest Securities, LLC (the “Univest”), agreed to act as placement agent in connection with the Company’s offering (“Offering”) of convertible debt at a Conversion Price of 125% of the closing price on the day prior to the Issuance Date (date of funding) with warrant coverage at 50% up to $1,000,000; including convertible promissory notes (each, a “Convertible Note” or collectively, the “Convertible Notes”), and a common stock purchase warrants (each, a “Warrant”, or collectively, the “Warrants”) to purchase shares of common stock of the Company, par value $0.001 per share (the “Common Stock”) which include specific registration rights (“Registration Rights”), directly to one or more investors (each, an “Investor” and, collectively, the “Investors”) through the Univest. If the “Conversion Price” on the six (6) month anniversary of the Issuance Date is lower than the Conversion Price on the Issuance Date, then the Conversion Price shall be adjusted downward to the VWAP of the Common Stock for the five (5) consecutive Trading Days immediately preceding the six (6) month anniversary date.

Effective
November 13, 2024 the Company issued 512,662 shares of common stock to Generating Alpha LLC as a commitment fee.

Effective
January 28, 2025 the Company issued 100,000 shares of common stock to Milton Richard Cutler for legal services.

Item 17. Undertakings.

The undersigned registrant, hereby undertakes:

| (1) | To file, during any period in which offers or sales are being    
 made, a post-effective amendment to this registration statement: |

| (i)   | To include any prospectus required by Section 10(a)(3) of the                                                                                 
 Securities Act of 1933, as amended;