Company: LTRYW
Filing Date: 2025-04-22
Form Type: 10-K/A
Source: 0001641172-25-005663
Chunk: 171

Company: Lottery.com Inc.
Filing Date: 2025-04-22
Form: 10-K/A
Chunk 171
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essable. Our purpose is to engage in any lawful act or activity for which corporations may now or hereafter be organized under the DGCL. Unless our Board determines otherwise, we will issue all shares of our common stock in an uncertificated form. Holders of our Common Stock are entitled to one vote for each share held of record on all matters submitted to a vote of stockholders. The holders of Common Stock do not have cumulative voting rights in the election of directors. Upon our liquidation, dissolution or winding up and after payment in full of all amounts required to be paid to creditors and to the holders of preferred stock having liquidation preferences, if any, the holders of our Common Stock will be entitled to receive pro rata our remaining assets available for distribution.

As of December 31, 2024 and December 31, 2023, 18,877,045and 2,877,045shares of Common Stock, post reverse stock split, respectively, were outstanding. During the year ended December 31, 2022, the Company issued the following shares of common stock. No similar issuances occurred in 2023.

Schedule of Common Stock

| As                                   
 of December 31, 2021                 |     | 2,512,815 |
| Issuance                             
 of Common Stock for legal settlement |     |     3,000 |
| Exercise                             
 of options (Note 11)                 |     |     3,006 |
| Restricted                           
 stock award                          |     |     8,224 |
| As                                   
 of December 31, 2022                 |     | 2,527,045 |
| Issuance                             
 of common stock                      |     |   350,000 |
| As                                   
 of December 31, 2023                 |     | 2,877,045 |

Public Warrants

The Public Warrants became exercisable 30 days after the Closing; the Company has an effective registration statement under the Securities Act covering the shares of common stock issuable upon exercise of the Public Warrants and a current prospectus relating to them is available (or the Company permits holders to exercise their Public Warrants on a cashless basis and such cashless exercise is exempt from registration under the Securities Act). The S-1 registration became effective November 24, 2021. The Public Warrants will expire five yearsafter October 29, 2021, which was the completion of the TDAC Combination or earlier upon redemption or liquid