Company: LTRYW
Filing Date: 2025-11-20
Form Type: 10-Q
Source: 0001493152-25-024384
Chunk: 130

Company: Lottery.com Inc.
Filing Date: 2025-11-20
Form: 10-Q
Item: Part I, Item 8
Chunk 130
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125,000
shares of common stock of the Company, which total includes previously issued warrants of AutoLotto, now warrants of Lottery.com Inc.
In addition other warrants from 2015 and 2018 are exercisable for the purchase of an aggregate of 19,784 shares of common stock of the
Company, the majority of which will expire in October of 2025.

An
adjustment was made to the Company’s warrants based on the 1-for-10 split ratio pursuant to the August 28, 2025 stock split. Previously
an adjustment was made to the Company’s warrants based on the 1-for-20 split ratio pursuant to the August 09, 2023 stock split.
The adjustments to warrants were made automatically. The number of shares of common stock issued subject to stock options, warrants,
or convertible securities was automatically decreased by the split ratio and the exercise price or conversion ratio was automatically
proportionately increased by the same split ratio.

Private
Warrants

Private
warrants of TDAC issued before the business combination were forfeited and did not transfer to the surviving entity.

Common
Stock Warrants

The
Company did not issue any warrants during the three months ended September 30, 2025. During the year ended December 31, 2024, the Company
issued 45,837 warrants to a third-party consulting firm and 199,671 warrants as part of the commitment fee pursuant to the Stock Purchase
Agreement with Generating Alpha. The 24,415 outstanding warrants issued prior to January 1, 2023 are fully vested and have a weighted
average remaining contractual life of 2.7 years. The 245,506 warrants issued during 2024 are fully vested and have a weighted average
remaining contractual life of 3.5 years. The Company did not incur any expense for the three months ended September 30, 2025 and recorded
expenses of $693,397 for the year ended December 31, 2024.

Schedule
of Common Stock Warrant

    Weighted  

    Weighted  
    Average  

    Average  
    Remaining  
    Aggregate 

    Number of  
    Exercise  
    Contractual  
    Intrinsic 

    Shares  
    Price  
    Life (years)  
    Value 
  
    Outstanding at December 31, 2024 
     247,948  
     0.29  
     3