Company: LTRYW
Filing Date: 2025-01-16
Form Type: POS AM
Source: 0001493152-25-002444
Chunk: 74

Company: Lottery.com Inc.
Filing Date: 2025-01-16
Form: POS AM
Chunk 74
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 may discourage or deter a potential acquirer from conducting a solicitation of proxies to elect the acquirer’s own slate           
 of directors or otherwise attempting to obtain control of Lottery.com; and                                                               |
| ● | the                                                                                                                                      
 ability of our Board to issue one or more series of preferred stock.                                                                     |
| ● | providing                                                                                                                                
 that directors may be removed only for cause and then only by a two-thirds vote of the holders of a majority of the voting power         
 of the outstanding shares then entitled to vote in an election of directors, voting together as a single class;                          |
| ● | providing                                                                                                                                
 that vacancies on our Board, including newly-created directorships, may be filled only by a majority vote of directors then in office;   
 and                                                                                                                                      |
| ● | prohibiting                                                                                                                              
 stockholders from calling special meetings of stockholders.                                                                              |

| 36 |

In addition, these provisions may make it difficult and expensive for a third party to pursue a tender offer, change in control or takeover attempt that is opposed by our management or our Board. Stockholders who might desire to participate in these types of transactions may not have an opportunity to do so, even if the transaction is favorable to them. These anti-takeover provisions could substantially impede any stockholder’s ability to benefit from a change in control or change our management and Board and, as a result, may adversely affect the market price of common stock and the ability for any stockholder to realize any potential change of control premium.

Risks Related to Our Common Stock and Warrants

Although we are currently in full compliance with the continued listing standards of Nasdaq, we may not be able to remain in full compliance with Nasdaq’s continued listing standards in the future.

Our common stock and warrants trade on The Nasdaq Global Market under the symbols “LTRY” and “LTRYW,” respectively. Our failure to remain in full compliance with these requirements may result in our securities being delisted from Nasdaq.

On August 17, 2022, the Company received a notice from Nasdaq indicating that, as a result of not having timely filed the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2022 with the SEC, the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of all required periodic financial reports with the SEC. On November 28, 2022, the Company received an additional notice, dated November 16, 2022, from Nas