Company: LTRYW
Filing Date: 2025-02-10
Form Type: DEF 14A
Source: 0001493152-25-005681
Chunk: 19

Company: Lottery.com Inc.
Filing Date: 2025-02-10
Form: DEF 14A
Chunk 19
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 factors that may be unrelated to the number of shares outstanding. Our Common Stock could also be delisted from Nasdaq due to our failure to comply with one or more other Nasdaq listing standards. We cannot be certain that we will ultimately be able to regain compliance with the Bid Price Rule or the other listing standards.

Our Board also believes that the expected increased market price per share of our Common Stock as a result of implementing a Reverse Stock Split could improve the marketability and liquidity of our Common Stock and encourage interest and trading in our Common Stock. We understand that many brokerage houses, institutional investors and funds have internal policies and practices that either prohibit them from investing in low-priced stocks or tend to discourage individual brokers from recommending low-priced stocks to their customers or by restricting or limiting the ability to purchase such stocks on margin. Some of those policies and practices may make the processing of trades in low-priced stocks economically unattractive to brokers. Additionally, a Reverse Stock Split could help increase analyst and broker interest in our Common Stock as their internal policies might discourage them from following or recommending companies with low stock prices. Investors may also be dissuaded from purchasing stocks below certain prices because brokers’ commissions, as a percentage of the total transaction value, can be higher for low-priced stocks.

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Criteria to be Used for Determining Whether to Implement Reverse Stock Split

In determining whether to implement the Reverse Stock Split and which Reverse Stock Split ratio to implement, if any, following receipt of stockholder approval of this Proposal 2, our Board may consider, among other things, various factors, such as:

| ● | the                                                                                                                                    
 historical trading price and trading volume of our Common Stock;                                                                       |
| ● | the                                                                                                                                    
 then-prevailing trading price and trading volume of our Common Stock and the expected impact of the Reverse Stock Split on the trading 
 market for our Common Stock in the short- and long-term;                                                                               |
| ● | the                                                                                                                                    
 continued listing requirements for our Common Stock on Nasdaq;                                                                         |
| ● | which                                                                                                                                  
 Reverse Stock Split ratio would result in the least administrative cost to us; and                                                     |
| ● | prevailing                                                                                                                             
 general market and economic conditions.                                                                                                |

The failure of our stockholders to approve this Proposal 2 could have serious, adverse effects on us and our stockholders. If we do not meet the conditions set forth in the September 11, 2024 Letter, including implementing the Reverse Stock Price, to the extent required, by March 10, 2025, we may be