Company: LTRYW
Filing Date: 2025-11-20
Form Type: 10-Q
Source: 0001493152-25-024384
Chunk: 129

Company: Lottery.com Inc.
Filing Date: 2025-11-20
Form: 10-Q
Item: Part I, Item 8
Chunk 129
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 issued in lieu of cash 
     397,377 
  
    Stock issued for acquisitions 
     340,000 
  
    Issuance of stock as part of stock purchase agreement 
     191,581 

    Total 
     1,148,184 
  
    Shares outstanding, balance 
     1,148,184 

Public
Warrants

The
Public Warrants became exercisable 30 days after the Closing; the Company has an effective registration statement under the Securities
Act covering the shares of common stock issuable upon exercise of the Public Warrants and a current prospectus relating to them is available
(or the Company permits holders to exercise their Public Warrants on a cashless basis and such cashless exercise is exempt from registration
under the Securities Act). The S-1 registration became effective November 24, 2021. The Public Warrants will expire five years after
October 29, 2021, which was the completion of the TDAC Combination or earlier upon redemption or liquidation.

The
Company may redeem the Public Warrants:

    ●
    in
    whole and not in part;

    ●
    at
    a price of $0.01 per warrant;

    ●
    upon
    a minimum of 30 days’ prior written notice of redemption;

    ●
    if,
    and only if, the last sale price of the Company’s common stock equals or exceeds $3,200.00 per share for any 20 trading days
    within a 30-trading day period ending on the third trading day prior to the date on which the Company sends the notice of redemption
    to the warrant holders; and

    ●
    if,
    and only if, there is a current registration statement in effect with respect to the shares of common stock underlying such warrants
    at the time of redemption and for the entire 30-day trading period referred to above and continuing each day thereafter until the
    date of redemption.

     F-20 

If
the Company calls the Public Warrants for redemption, management will have the option to require all holders that wish to exercise the
Public Warrants to do so on a “cashless basis,” as described in the warrant agreement. These warrants cannot be net cash
settled by the Company in any event.

After
giving effect to the Business Combination, as of September 30, 2025 there were Public Warrants outstanding for the issuance of 20,