Company: LTRYW
Filing Date: 2025-12-05
Form Type: 424B5
Source: 0001493152-25-026308
Chunk: 2

Company: Lottery.com Inc.
Filing Date: 2025-12-05
Form: 424B5
Chunk 2
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 price of the Note shall be Two Million Five-Hundred Thousand U.S. Dollars ($2,500,000), computed by subtracting the OID from the Principal Amount.

Subject to the terms of the Agreement, for consideration of Two Million Five-Hundred Thousand U.S. Dollars ($2,500,000) in cash (the “ Consideration”), the Purchaser agrees to subscribe for and purchase from the Company on December 2, 2025 (the “Closing Date”), and the Company agrees to issue and sell to the Purchaser, the Note. The Purchaser is irrevocably obligated to advance the Consideration, and the Company is irrevocably obligated to accept the Consideration as follows: (a) Five Hundred Thousand U.S. Dollars ($500,000) on or immediately following the Closing Date, and (b) Two Million U.S. Dollars ($2,000,000) immediately upon (i) the Common Shares issuable upon conversion of the Note becoming registered under an effective registration statement, and (ii) the Company obtaining the requisite shareholder approval authorizing the issuance of such Common Shares (“ Shareholder Approval”) per Nasdaq Listing Rule 5635 requiring shareholder approval for the potential issuance of shares or securities convertible to common stock of Twenty Percent (20%) or more of the Company’s outstanding common stock. The Consideration shall be advanced by wire transfer of immediately available funds no later than two (2) Business Days after such effectiveness.

The Company and the Purchaser executed this Agreement in reliance upon the exemption from securities registration afforded by Section 4(a)(2) of the Securities Act of 1933, as amended (the “ Securities Act”), and Rule 506(b) of Regulation D promulgated by the United States Securities and Exchange Commission (the “ SEC”) under the Securities Act.

Use of Proceeds:

We estimate that the net proceeds from this offering will be approximately $2,500,000, after deducting estimated placement fees and offering expenses. We intend to use the net proceeds for working capital, product development, acquisitions, and other general corporate purposes.

Plan of Distribution:

This offering was made directly to Evergreen Capital Management, LLC pursuant to the Purchase Agreement.

Nasdaq Listing:

Our Common Stock is listed on The Nasdaq Stock Market LLC under the symbol “SEGG.”

DESCRIPTION OF THE SECURITIES

We issued shares of our Common Stock directly to the Investor under the Registration Statement. The rights of holders of our Common Stock are governed by our Certificate of Incorporation, By