Company: LTRYW
Filing Date: 2025-12-10
Form Type: PRE 14A
Source: 0001493152-25-027089
Chunk: 22

Company: Lottery.com Inc.
Filing Date: 2025-12-10
Form: PRE 14A
Chunk 22
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 has agreed to register the Alpha’s shares and the shares issuable pursuant to the Common Stock Purchase Warrant pursuant to Exhibit A, the “Registration Rights Agreement.” Upon execution of the Amendment, the Company issued to Alpha 682,410 shares of the Company’s common stock in a prefunded Common Stock Purchase Warrant as consideration for the increase in the Commitment Amount. The Amendment also stipulated that after the Company has received a total $100,000,000 of the Commitment Amount from Alpha, for each subsequent tranche of $50,000,000, the Company shall issue an additional 1.5% of $50,000,000 in an amount to equal shares of the Company’s common stock, in the form of a prefunded Common Stock Purchase Warrant.

The Company will control the timing and amount of any sales of ordinary shares to Alpha. Actual sales of our ordinary shares to Alpha as a Put will depend on a variety of factors to be determined by the Company from time to time, which may include, among other things, market conditions, the trading price of the Company’s ordinary shares and determinations by the Company as to the appropriate sources of funding for its business and operations.

The obligation of Alpha to accept any Put pursuant to a Put Notice is subject to some customary conditions.

The net proceeds to the Company will depend on the frequency and prices at which the Alpha sells ordinary shares. The Company expects that any proceeds received by it from such sales to Alpha will be used for working capital and general corporate purposes.

The Stock Purchase Agreement and Amendment contain customary representations, warranties, conditions and indemnification obligations of the parties. The representations, warranties and covenants contained in such agreements were made only for purposes of such agreements and as of specific dates, were solely for the benefit of the parties to such agreements and may be subject to limitations agreed upon by the contracting parties. The Stock Purchase Agreement contains restrictions on the Company’s ability to enter into any Variable Rate Transaction (the “VRT Restriction”) (as defined in the Stock Purchase Agreement), however the Alpha may waive the VRT Restriction.

The Stock Purchase Agreement shall only terminate upon the following events: (i) the first day of the month following the 60-month anniversary of the Effective Date, (ii) the date on which the Alpha shall have made payment of Puts pursuant to the Stock Purchase Agreement in the aggregate amount of the Commitment Amount, or (iii) at such time that the Registration Statement is no longer effect. The Stock Purchase Agreement may be terminated