Company: LTRYW
Filing Date: 2025-01-16
Form Type: POS AM
Source: 0001493152-25-002444
Chunk: 154

Company: Lottery.com Inc.
Filing Date: 2025-01-16
Form: POS AM
Chunk 154
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 content of such responses are limited to information contained     
 in a registration statement filed under the Securities Act of 1933 or other offering document; 
 or                                                                                             |
| (C) | Performing                                                                                     
 ministerial and clerical work involved in effecting any transaction.                           |

Our officers and directors do not intend to purchase any shares in this offering.

There is no minimum number of securities that must be sold as a condition to closing this offering; the actual number/amount of securities sold in this offering is not presently determinable.

The Company in good faith determined the offering price for the Securities in this offering. The factors considered in determining the price included the history of, and the prospects for the industry in which we compete, our past and present operations, our current market price, and our prospects for future revenues.

In the event we engage any placement agents we would pay them an aggregate placement agent fee equal to up to 7% of the gross proceeds of the sale of securities in the offering. We have estimated offering expenses payable by us, in addition to any placement agent fees, at 1% of the amount raised, which includes legal fees and potential accounting costs and various other fees and costs that may be associated with this offering. After deducting our estimated offering expenses, we expect the net proceeds from this offering to be approximately 92% of the offering, assuming all securities offered are sold in this offering, the net proceeds to the Company would be $138,000,000.

We will pay all of the expenses incident to the registration, offering, and sale of the securities to the public other than commissions or discounts of underwriters, broker-dealers, or agents. This does not include payment for any costs or expenses incurred by shareholders related to ownership or sales of their shares.

Insofar as indemnification for liabilities arising under the Securities Act may be permitted to our directors, officers, and controlling persons, we have been advised that in the opinion of the SEC this indemnification is against public policy as expressed in the Securities Act and is therefore, unenforceable.

ERISA Considerations

Special considerations apply when contemplating the purchase of securities on behalf of employee benefit plans that are subject to Title I of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), plans, individual retirement accounts (“IRAs”) and other arrangements that are subject to Section 4975 of the Internal Revenue Code of 1986, as amended (the “Code”), or provisions under any federal, state, local, non-U.S