Company: LTRYW
Filing Date: 2025-04-22
Form Type: 10-K/A
Source: 0001641172-25-005663
Chunk: 9

Company: Lottery.com Inc.
Filing Date: 2025-04-22
Form: 10-K/A
Chunk 9
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 of the Private Placement
Warrants; and (b) 5,410,128 held by certain officers, directors, employees and consultants of the Company. The Offering will
commence promptly on the date upon which this prospectus is declared effective by the SEC and will continue for 18 months. At the
discretion of our board of directors, we may discontinue the offering before expiration of the 18-month period.

The offering
of the 50,000,000 shares is a “best efforts” offering, which means that the Company’s officers and directors will use
their best efforts to sell the common stock and there is no commitment by any person to purchase any shares. There is no minimum purchase
requirement. The shares will be offered at a fixed price of $3.00 per share for the duration of the offering. Proceeds from the sale of
the shares will be used to implement the Company’s plan of operation. Any funds that we raise from this offering will be immediately
available for the Company’s use and will not be returned to investors.

The Company
will receive proceeds from the issuance and sale of its primary offering of common stock. The Company will not receive any proceeds from
the sale of shares of common stock or warrants by the Selling Shareholders pursuant to this prospectus, except with respect to amounts
received upon exercise of the warrants to the extent such warrants may be exercised.

On January
16, 2025, the Company filed a post-effective amendment to the S-1, wherein the only change was a change in the fixed price per share to
$1.00 (the “POS AM No. 1”). On February 10, 2025, the Company withdrew its POS AM No. 1, noting that the withdrawal of POS AM No. 1 did not withdraw
the original Form S-1 registration with an offering price of $3.00/share, which was made effective by the SEC on October 16, 2024.

Generating Alpha Ltd.

As reported on
form 8-K on November 29, 2024, on November 21, 2024, a fully executed Stock Purchase Agreement (the “Agreement”) was
entered into by and between the Company and Generating Alpha Ltd., a St. Kitts and Nevis company, (the “Investor”). The Investor has agreed to purchase from the Company up to One Hundred Million Dollars ($100,000,000) (the
“Commitment Amount”) of the