Company: LTRYW
Filing Date: 2025-06-23
Form Type: 8-K
Source: 0001641172-25-016016
Chunk: 0

Company: Lottery.com Inc.
Filing Date: 2025-06-23
Form: 8-K
Item: Item 1.01
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Item
1.01 Entry into a Material Definitive Agreement.

Amended
Agreement with Generating Alpha Ltd.

On
June 16, 2025, a fully-executed Amended Stock Purchase Agreement (the “ Agreement”) by and between Lottery. com Inc. (the “ Company”
or the “ Registrant”) and Generating Alpha Ltd., a St. Kitts and Nevis company, (the “ Investor”) was entered into.
The Investor has agreed to purchase from the Company up to Three Hundred Million Dollars ($300,000,000) (the “ Commitment Amount”)
of the Company’s fully registered, freely tradable common stock (the “ Common Stock”) under certain terms and conditions.
Pursuant to the terms of the Agreement the Company can request a “ Put” on the purchase of its stock and the Investor has
agreed to purchase the Company’s shares at ninety-four (94%) percent of the “ Market Price.” Market Price shall be defined
as the average VWAP of the common stock five (5) trading days immediately preceding the Put (“ Maximum Put Amount”). The dollar
amount of Common Stock sold to the Investor in each Put may not be less than $20,000.00 and the maximum amount will equal 100% of the
Average Daily Trading Volume. The Maximum Put Amount may be increased upon mutual written consent of the Company and the Investor. Puts
are further limited to Investor owning no more than 4.99% of the Common Stock at any given time.

Upon
execution of the Agreement, the Company issued to the Investor a Commitment Fee of 682,410 shares of the Company’s common stock
in the form of a prefunded Common Stock Purchase Warrant. After the Company has received $100,000,000 of the Commitment Amount from Investor,
for each subsequent tranche of $50,000,000, the Company shall issue an additional 1.5% of $50,000,000 in shares of the Company’s
Common Stock in the form of a prefunded Common Stock Purchase Warrant. Calculation for the number of shares to be included in the prefunded
Common Stock Purchase Warrant shall be based off of the volume weighted average price of stock on the Clearing Date of the last Put Notice.
Payment may be withheld from the last Put Notice until the prefunded Common Stock Purchase Warrant has been issued.

A
copy of the complete Agreement will be filed by the Registrant at a later date.

Forward
Looking Statements