Company: LTRYW
Filing Date: 2025-12-10
Form Type: PRE 14A
Source: 0001493152-25-027089
Chunk: 44

Company: Lottery.com Inc.
Filing Date: 2025-12-10
Form: PRE 14A
Chunk 44
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 to receive the cash payment therefore.

By approving the amendment to our Certificate of Incorporation effecting the Reverse Stock Split, stockholders will be approving the combination of any whole number of issued shares of our Common Stock between and including 10 and 40 shares into one share of Common Stock.

Stockholders should be aware that, under the escheat laws of the various jurisdictions where stockholders reside, where we are domiciled and where the funds will be deposited, sums due for fractional interests that are not timely claimed after the effective time may be required to be paid to the designated agent for each such jurisdiction. Thereafter, stockholders otherwise entitled to receive such funds may have to seek to obtain them directly from the state to which they were paid.

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Accounting Matters

The par value of the shares of our Common Stock is not changing as a result of the implementation of the Reverse Stock Split. Our stated capital, which consists of the par value per share of our Common Stock multiplied by the aggregate number of shares of our Common Stock issued and outstanding, will be reduced proportionately on the effective date of a Reverse Stock Split. Correspondingly, our additional paid-in capital, which consists of the difference between our stated capital and the aggregate amount paid to us upon the issuance of all currently outstanding shares of our Common Stock, will be increased by a number equal to the decrease in stated capital. Further, net loss per share, book value per share and other per share amounts will be increased as a result of the Reverse Stock Split because there will be fewer shares of Common Stock outstanding.

Possible Disadvantages of Reverse Stock Split

Even though the Board believes that the potential advantages of a Reverse Stock Split outweigh any disadvantages that might result, the following are some of the possible disadvantages of a Reverse Stock Split:

| ● | The                                                                                                                                       
 reduced number of outstanding shares of our Common Stock resulting from a Reverse Stock Split could adversely affect the liquidity        
 of our Common Stock.                                                                                                                      |
| ● | Based                                                                                                                                     
 on the experience of certain other companies that have effected reverse stock splits, a Reverse Stock Split could result in               
 a devaluation of our market capitalization and the trading price of our Common Stock, on an actual or an as-adjusted basis.               |
| ● | A                                                                                                                                         
 Reverse Stock Split may leave certain stockholders with one or more “odd lots,” which are stock holdings in amounts of                    
 less than 100 shares of our Common Stock. These odd lots may be more difficult to sell than shares of Common Stock in even