Company: LTRYW
Filing Date: 2025-04-25
Form Type: S-1/A
Source: 0001641172-25-006093
Chunk: 102

Company: Lottery.com Inc.
Filing Date: 2025-04-25
Form: S-1/A
Chunk 102
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 – We are not currently in full compliance with the continued listing standards of Nasdaq. and, we may not be able to regain full compliance with Nasdaq’s continued listing standards in the future” for more information.

As reported on form 8-K filed on December 7, 2023, on November 29, 2023, the Company received a letter from Nasdaq stating that based upon its review of the Company’s Market Value of Publicly Held Shares (“MVPHS”) for the last 30 consecutive business days, the Company no longer met the minimum requirement of $5,000,000 set forth in Nasdaq Listing Rule 5450(b)(1)(C). However, under the Listing Rules, the Company was provided a 180-calendar day grace period to regain compliance, through May 28, 2024.

If at any time during the compliance period the Company’s MVPHS closed at $5,000,000 or more for a minimum of ten consecutive business days, Nasdaq would provide written confirmation of compliance, and the matter would be closed. The company received such notification from Nasdaq on April 10, 2024 and the matter was closed.

Furthermore, the requirement that we maintain a majority of independent directors and at least three members on our audit committee are Nasdaq requirements that we currently meet but have not met from time to time.

As of the date of this Report,
we are currently not in full compliance with the continued listing standards of Nasdaq, and we may not be able to regain full compliance
with Nasdaq’s continued listing standards in the future. Our common stock and warrants trade on The Nasdaq Global Market under
the symbols “LTRY” and “LTRYW,” respectively. Our failure to regain full compliance with all these requirements
may result in our securities being delisted from Nasdaq.

As of the date of this Report, our common stock is trading below Nasdaq’s $1.00 (U.S.) minimum trading
price requirement (the “Minimum Trading Price”), a minimum trading price that was breached on July 30, 2024. Should the Minimum
Trading Price not be restored, the Company risks having its securities delisted by Nasdaq.

If the Company’s securities are delisted from Nasdaq, it could be more difficult to buy and sell the Company’s common stock and warrants or to obtain accurate quotations, and the price of the Company’s common stock and warrants could suffer a material decline. Delisting could also impair the Company’s ability to