Company: LTRYW
Filing Date: 2025-05-21
Form Type: 10-Q
Source: 0001641172-25-011865
Chunk: 37

Company: Lottery.com Inc.
Filing Date: 2025-05-21
Form: 10-Q
Item: Part I, Item 2
Chunk 37
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”) of Nasdaq dated February 23, 2023, to delist the Company’s securities
from Nasdaq. At the hearing before the Panel on April 24, 2023, the Company presented its plan to complete the restatement of its financial
statements for the fiscal year ended December 31, 2021, and the subsequent quarter ended March 31, 2022, and to file the amended periodic
reports and all subsequent required filings with the SEC. The Company requested the continued listing of its securities on Nasdaq pending
the completion of its compliance plan.

By
letter dated May 8, 2023, the Panel granted the Company’s request for continued listing, on an interim basis, subject to the Company
submitting financial projections for fiscal 2023 and filing the restated financial statements for the fiscal year ended December 31,
2021, and quarter ended March 31, 2022, with the SEC by May 15, 2023. The Company satisfied these conditions and the Panel indicated
that it would review the filings, along with the updated projections, and thereafter determine whether to afford the Company additional
time to complete the compliance plan presented at the hearing.

By
letter dated May 24, 2023, the Panel notified the Company that it had determined to suspend trading and otherwise move to delist the
Company’s securities from Nasdaq effective with the open of the market on May 26, 2023. The Company’s securities were suspended
from trading on that date, but the securities were not delisted because the Company thereafter requested that the Panel reconsider its
determination to delist the Company’s securities from Nasdaq based upon what the Company believed to be mistakes of material fact
upon which the Panel had based its decision.

On
June 8, 2023, the Panel notified the Company that it had determined to reverse its prior decision and grant the Company’s request
for continued listing subject to the Company’s timely compliance with a number of conditions ultimately expiring on August 17,
2023, on which date the Company must satisfy all applicable criteria for continued listing on Nasdaq (the “ June 8 th Risk Factors - Risks Related to Our Common
Stock and Warrants - Although we are currently in full compliance with the continued listing standards of Nasdaq. However, we may
not be able to remain in full compliance with Nasdaq’s continued listing standards in the future

As
reported on form 8-K filed on December