Company: LTRYW
Filing Date: 2025-11-20
Form Type: 10-Q
Source: 0001493152-25-024384
Chunk: 228

Company: Lottery.com Inc.
Filing Date: 2025-11-20
Form: 10-Q
Item: Part II, Item 8
Chunk 228
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 equity grants made in 2023 and early 2024, and the matter is now formally closed.

Being
removed from Nasdaq’s non-compliant list provides the Company greater operational and financial flexibility to pursue its growth
agenda across sports, entertainment and gaming verticals (including its core brands Sports.com, Concerts.com and Lottery.com).

Web
3 and Digital Asset Strategy

On
October 30, 2025, the Company announced a two-year Web3 and Digital Asset Strategy involving the deployment of approximately $300 million
in a Digital Asset & Tokenization Program. Under the roadmap, the Company intends to allocate roughly 80 % of the capital to a multi-asset
crypto treasury (with an initial emphasis on Bitcoin and validator operations across Ethereum, Solana and ZIGChain) and the remaining
20 % toward strategic acquisitions in sports, media and gaming, as well as tokenization initiatives involving its digital brands (such
as Sports.com and Concerts.com).

The
Company also entered into a memorandum of understanding (“MOU”) with ZIGChain (a purpose-built blockchain for real-world
asset tokenization) to support its infrastructure and tokenization capabilities. The initiative is structured around a four-phase implementation
timeline (ranging from 0-18 months) and will be overseen by a newly-established “Crypto Advisory Board” to guide governance,
risk and execution. The Company intends to report income from validator activities through SEC-compliant filings; however, given the
early stage of this program, the ultimate timing, magnitude and impact on operating results remain subject to execution risk and market
conditions.

 F-25 

Item
2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

The
following discussion and analysis of our financial condition and results of operations together with the condensed consolidated financial
statements and the related notes appearing elsewhere in this Report contains forward-looking statements that involve risks and uncertainties.
Our actual results and the timing of events may differ materially from those expressed or implied in such forward-looking statements
as a result of various factors, including those set forth in the section entitled “Cautionary Note Regarding Forward-Looking Statements”
included herein and the sections entitled “Risk Factors” included in this Report and in our Annual Report on Form 10-K/A
for the year ended December 31, 2024 (our “Annual Report”).

Overview

During
FY 2024, the Company addressed legacy issues while successfully regaining full compliance with Nasdaq’s continued listing rules