Company: LTRYW
Filing Date: 2025-12-10
Form Type: PRE 14A
Source: 0001493152-25-027089
Chunk: 25

Company: Lottery.com Inc.
Filing Date: 2025-12-10
Form: PRE 14A
Chunk 25
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 110,000,000 shares of the Company’s common stock, par value $0.001 per share (“common stock”), proposal containing general terms for an additional credit or debt facility (the “Proposed Credit Facility”) by assignment to a unnamed lender at this time(the “Proposed Lender”) .The Company and the Proposed Lender have not entered into an any definitive agreements with respect to the Proposed Credit Facility. If the Company enters into t he Proposed Credit Facility on the same terms as proposed, such Proposed Credit Facility would consist of (a) funding in the principal amount of $2,000,000 to $10,000,000 (the “Proposed Initial Loan”), wherein in return for the Proposed Credit Facility the Company shall sell securities to the proposed lender under the identical terms and restrictions agreed to by and between Company and Evergreen (see above and Exhibit 10.60)dd

The Alpha Stock Purchase Agreement, the Evergreen Agreement and the Proposed Credit Facility (collectively, the “Credit Facilities”:

The Company’s common stock is listed on the Nasdaq Capital Market (“Nasdaq”), and the Company is subject to Nasdaq’s rules and regulations, including Nasdaq Listing Rule 5635(b), which requires shareholder approval prior to the issuance of securities when the issuance or potential issuance will result in a change of control of the Companyand Nasdaq Listing Rule 5635(d), which requires stockholder approval prior to the issuance in a transaction (other than a public offering) of common stock (or securities convertible into or exercisable for common stock) equal to 20% or more of the outstanding common stock or 20% or more of the voting power of a company for a purchase price that is lower than (i) the market closing price (as reflected on Nasdaq.com) immediately preceding the signing of a binding agreement, or (ii) the average Nasdaq Official Closing Price of the common stock (as reflected on Nasdaq.com) for the five trading days immediately preceding the signing of the binding agreement (such lower amount, the “Minimum Price”). On December 09 26, 2023, the date the parties executed and delivered the initial agreement representing the Credit Facility, the Company’s common stock closed at a price per share of $1.33 (“Market Price”). All or any portion of the principal amount funded under the Proposed Credit Facilities (including funds to be provided to the Company in the future under the Proposed Credit Facilities), plus accrued and unpaid interest, any late charges thereon and