Company: LTRYW
Filing Date: 2025-12-10
Form Type: PRE 14A
Source: 0001493152-25-027089
Chunk: 41

Company: Lottery.com Inc.
Filing Date: 2025-12-10
Form: PRE 14A
Chunk 41
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 factors, such as:

| ● | the                                                                                                                          
 historical trading price and trading volume of our Common Stock;                                                             |
| ● | the                                                                                                                          
 then-prevailing trading price and trading volume of our Common Stock and the expected impact of a Reverse Stock Split on the 
 trading market for our Common Stock in the short- and long-term;                                                             |
| ● | the                                                                                                                          
 continued listing requirements for our Common Stock on Nasdaq;                                                               |
| ● | which                                                                                                                        
 Reverse Stock Split ratio would result in the least administrative cost to us; and                                           |
| ● | prevailing                                                                                                                   
 general market and economic conditions.                                                                                      |

The failure of our
stockholders to approve this Proposal 6 could have serious, adverse effects on us and our stockholders. If we are unable to
implement a Reverse Stock Split in order to increase the price per share of our common stock to $1.00 or higher, we could
be delisted from Nasdaq. If Nasdaq delists the Common Stock, our shares may then trade on the OTC Bulletin Board or other small trading
markets, such as the pink sheets. In that event, the Common Stock could trade thinly as a microcap or penny stock, adversely decrease
to nominal levels of trading and be avoided by retail and institutional investors, resulting in the impaired liquidity of our shares.

Our Board reserves the right to abandon a Reverse Stock Split without further action by our stockholders at any time before the effectiveness of our Certificate of Amendment, even if the Reverse Stock Split has been authorized by our stockholders. By voting in favor of the Reverse Stock Split Proposal, you are expressly authorizing our Board to determine not to proceed with, and abandon, a Reverse Stock Split if it should so decide.

Effect on Outstanding Common Stock and Authorized Common Stock

After the effective date of any Reverse Stock Split that our Board elects to implement, each stockholder will own a reduced number of shares of Common Stock. A Reverse Stock Split will be effected simultaneously for all issued and outstanding shares of Common Stock and the Reverse Stock Split ratio will be the same for all issued and outstanding shares of Common Stock. Any Reverse Stock Split will affect all of our stockholders uniformly and will not affect any stockholder’s percentage ownership interests in the Company, except to the extent that the Reverse Stock Split results in any of our stockholders owning a fractional share as described below. Voting rights and other rights and preferences of the holders of the Common Stock will not be affected by a Reverse Stock Split (other