Company: LTRYW
Filing Date: 2025-01-30
Form Type: PRE 14A
Source: 0001493152-25-004309
Chunk: 26

Company: Lottery.com Inc.
Filing Date: 2025-01-30
Form: PRE 14A
Chunk 26
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 not address: (a) the tax consequences of transactions effectuated before, after or at the same time as the Reverse Stock Split, whether or not they are in connection with the Reverse Stock Split; (b) any U.S. federal non-income tax consequences of the Reverse Stock Split, including estate, gift or other tax consequences; (c) any state, local or non-U.S. tax consequences of the Reverse Stock Split; (d) the application of the alternative minimum tax, the Medicare contribution tax on net investment income, or the special tax accounting rules under Section 451(b) of the Code, or (e) tax consequences to holders of options, warrants or similar rights to acquire our Common Stock. Stockholders are urged to consult their own tax advisors to determine the particular consequences to them.

For purposes of this discussion, a “U.S. Holder” means a beneficial owner of shares of our Common Stock that is any of the following:

| ● | an                                                                                                                                    
 individual who is a citizen or resident of the United States or someone treated as a U.S. citizen or resident for U.S. federal income 
 tax purposes;                                                                                                                         |
| ● | a                                                                                                                                     
 corporation (or other entity taxable as a corporation for U.S. federal income tax purposes) created or organized in or under the      
 laws of the United States, any state thereof, or the District of Columbia;                                                            |
| ● | an                                                                                                                                    
 estate, the income of which is subject to U.S. federal income taxation regardless of its source; or                                   |
| ● | a                                                                                                                                     
 trust if (i) a U.S. court can exercise primary supervision over the trust’s administration and one or more “United States             
 persons” (within the meaning of Section 7701(a)(30) of the Code) are authorized or have the authority to control all substantial      
 decisions of the trust or (ii) it has a valid election in effect under applicable U.S. Treasury Regulations to be treated as a United 
 States person for U.S. federal income tax purposes.                                                                                   |

| 19 |

Tax Consequences of the Reverse Stock Split

The Reverse Stock Split should constitute a “recapitalization” for U.S. federal income tax purposes. In general, the U.S. federal income tax consequences of a Reverse Stock Split will vary depending upon whether a U.S. Holder receives cash for fractional shares or solely a reduced number of shares of Common Stock in exchange for its pre-Reverse Stock Split shares of Common Stock. A U.S.