Company: LTRYW
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001641172-25-024882
Chunk: 243

Company: Lottery.com Inc.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part II, Item 8
Chunk 243
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ings, Ltd

On
September 28, 2023, the Company entered into Stock Purchase Agreement with the shareholders of Nook Holdings Limited (“Nook”),
a private limited Company incorporated and registered in the Abu Dhabi Global Market, Abu Dhabi, United Arab Emirates (“UAE”).
The total purchase price is approximately $2.314 million. The Company made payments totaling $137,500 in the fourth quarter of 2023 and
made additional deposits totaling $323,606 in the first six months of 2025 for a cumulative total of $461,002 as of June 30, 2025 and
anticipates the transaction closing in the third quarter of 2025 or as otherwise agreed by the parties. Nook is known for its innovative
approach to co-working in Dubai and has procured 200 licenses for individuals and companies in the sports, health and wellness sector
seeking access to Dubai and the broader Middle Eastern market. With its exclusive partnership with the Dubai Multi-Commodities Centre
Free Zone (DMCC), Nook offers a wide range of services, including business setup support, insurance, VAT registration, and networking
opportunities for like-minded sports entrepreneurs. As part of the acquisition, Nook will be rebranded under the Sports.com umbrella.

Sports.com

In
December 2021, we finalized the acquisition of the domain name https://sports.com. On March 26, 2025, the Company registered
Sports.com as a fictious name in the state of Florida under AutoLotto, Inc. Content provided by Sports.com is currently available worldwide as a website and a mobile application. The website was relaunched in August 2025.

As reported on form 8-K filed with the SEC on August 20, 2024, the
Company entered into a Share Purchase and Sale Agreement (the “Purchase Agreement”) with S&MI Ltd. (“S&MI”),
whereby it agreed to pay the shareholders of S&MI a total of $1,000,000 in restricted common stock at a valuation of $3.00 per share
for the acquisition of S&MI. In accordance with the Purchase Agreement:

The
first payment of $150,000 in restricted common stock (50,000 shares) of the Company is due and payable not later than the first business
date following the Completion Date. The remaining payments in restricted common stock to the shareholders of S&MI Ltd. by the Company
will be