Company: LTRYW
Filing Date: 2025-04-21
Form Type: 10-K
Source: 0001641172-25-005487
Chunk: 3

Company: Lottery.com Inc.
Filing Date: 2025-04-21
Form: 10-K
Item: Item 1
Chunk 3
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 approved the addition of Mr. Warren Macal as a member of the Company’s Board of
Directors. Macal’s nomination follows the December 2023 $18 million investment commitment from Prosperity Investment Management
subject to due diligence.

Change of Registered Public
Accounting Firm

As reported on form 8-K on December
16, 2024, as a result of the resignation of Yusufali & Associates, LLC as its independent registered public accounting firm on November
15, 2024, on December 10, 2024, the Audit Committee of the Board of Directors of the Company approved the engagement of Boladale Lawal
& Company (“ Boladale”) as the Company’s new independent registered public accounting firm, effective immediately,
for the review of the Company’s Form 10-Q for the period ended September 30, 2024 and the year-end audit of the Company’s
results for the period ended December 31, 2024. The Company’s shareholders ratified the appointment of Boladale at its 2024 Annual Meeting of Stockholder’s
held on February 20, 2025.

During the fiscal years ended
December 31, 2022 and December 31, 2023, and through September 30, 2024, neither the Company, nor anyone on its behalf, consulted with
Boladale regarding: (i) either the application of accounting principles to a specific transaction, either completed or proposed, or the
type of audit opinion that might be rendered on the Company’s financial statements, or (ii) any matter that was the subject of a
“disagreement” (as that term is defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions) or a “reportable
event” (as that term is defined in Item 304(a)(1)(v) of Regulation S-K).

S-1 Registration of Common
Stock

On October 16, 2024, the
SEC declared effective the Company’s S-1, as amended and as filed on October 10, 2024 (the “ S-1/A”). Under the terms and conditions of the
S-1/A, the Company may from time to time offer and sell up to 50,000,000 shares of common stock, par value $0.001 per share
(“common stock”). This prospectus also relates to the offer and resale from time to time by the selling shareholders