Company: LTRYW
Filing Date: 2025-01-30
Form Type: PRE 14A
Source: 0001493152-25-004309
Chunk: 23

Company: Lottery.com Inc.
Filing Date: 2025-01-30
Form: PRE 14A
Chunk 23
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 higher stock price may help generate investor interest, there can be no assurance that the Reverse Stock        
 Split will result in a per share price that will attract institutional investors or investment funds or that such share price will        
 satisfy the investing guidelines of institutional investors or investment funds. As a result, the trading liquidity of our Common         
 Stock may not necessarily improve.                                                                                                        |
| ● | If                                                                                                                                        
 the Reverse Stock Split is effected and the market price of our Common Stock declines, the percentage decline may be greater than         
 would occur in the absence of a Reverse Stock Split. The market price of our Common Stock will, however, also be based on our performance 
 and other factors, which are unrelated to the number of shares outstanding.                                                               |
| ● | The                                                                                                                                       
 implementation of the Reverse Stock Split will effectively result in an increase in the authorized number of shares of Common Stock       
 relative to the number of shares outstanding, which could, under certain circumstances, have anti-takeover implications by permitting     
 issuances that would dilute the ownership of a person seeking to effect a hostile takeover or increase its percentage ownership.          
 This Proposal 2 has been prompted by business and financial considerations and not by the threat of any hostile takeover attempt.         |

| 17 |

Procedure for Effecting Reverse Stock Split and Exchange of Stock Certificates

If our stockholders approve the Reverse Stock Split, the Reverse Stock Split would become effective at such time as it is deemed by our Board to be in the best interests of the Company and its stockholders and we file the amendment to our Certificate of Incorporation with the Secretary of State of the State of Delaware. Even if the Reverse Stock Split is approved by our stockholders, our Board has discretion not to carry out or to delay in carrying out the Reverse Stock Split. Upon the filing of the amendment, all the old Common Stock will be converted into new Common Stock as set forth in the amendment.

As soon as practicable after the effective time of the Reverse Stock Split, stockholders will be notified that the Reverse Stock Split has been effected. If you hold shares of Common Stock in a book-entry form, your shares will be exchanged automatically into post-split shares without further action by you as soon as practicable after the effective time of the Reverse Stock Split.

Some stockholders hold their shares of Common Stock in certificate form or a combination of certificate and book-entry form. We expect that our transfer agent will act as exchange agent for purposes of implementing the exchange of stock certificates, if applicable. If you are a stockholder