Company: LTRYW
Filing Date: 2025-05-07
Form Type: S-1/A
Source: 0001641172-25-009053
Chunk: 8

Company: Lottery.com Inc.
Filing Date: 2025-05-07
Form: S-1/A
Chunk 8
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The Company further
entered into a Registration Rights Agreement with Investor Selling Shareholder, pursuant to which the Company agreed to register
for resale ordinary shares underlying the Stock Purchase Agreement.

The Stock Purchase
Agreement shall only terminate upon the following events: (i) the first day of the month following the 60-month anniversary of the Effective
Date, (ii) the date on which the Investor Selling Shareholder shall have made payment of Puts pursuant to the Stock Purchase Agreement
in the aggregate amount of the Commitment Amount, or (iii) at such time that the Registration Statement is no longer effect. The Stock
Purchase Agreement may be terminated by the Company after commencement, at the Company’s discretion; provided, however, that if
the Company sold less than $5,000,000 to Investor Selling Shareholder, Company will pay to Investor Selling Shareholder
a termination fee of $1,000,000, which is payable, at our option, in cash or in shares of common stock at a price equal to the closing
price on the day immediately preceding the date of receipt of the termination notice.

| 3 |

Risk Factors Our business is subject to numerous risks and uncertainties, including those described in “Risk Factors” immediately following this Prospectus summary and elsewhere in this Prospectus. These risks represent challenges to the successful implementation of our strategy and to the growth and future profitability of our business. These risks include, but are not limited to, the following:

| ● | We                                                                                                                                             
 have a history of operating losses;                                                                                                            |
| ● | The                                                                                                                                            
 findings of the previously disclosed Internal Investigation and other matters have exposed us to a number of legal proceedings, investigations 
 and inquiries, resulted in significant legal and other expenses, required significant time and attention from our senior management,           
 among other adverse impacts.                                                                                                                   |
| ● | We                                                                                                                                             
 have been named as a defendant in a number of lawsuits filed by purchasers of our securities, including class action lawsuits that             
 could have a material adverse impact on our business, financial condition, results of operation and cash flows, and our reputation.            |
| ● | The                                                                                                                                            
 effective price per share of Common Stock potentially sold to the Investor Selling Shareholder                                                 
 pursuant to the formula or pricing mechanism included in our agreement with the Investor                                                       
 Selling Shareholder will have an immediate and substantial dilution for our outstanding shares                                                 
 of common stock. Furthermore, if outstanding options, warrants or notes are exercised or                                                       
 converted, as applicable, existing shareholders could experience further dil