Company: LTRYW
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001641172-25-024882
Chunk: 142

Company: Lottery.com Inc.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 8
Chunk 142
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 expand all the Company’s
brand across the globe.

Nasdaq
Listing

On
May 2, 2025, Lottery.com Inc. (the “Company” or “Lottery.com”) received a letter from the Nasdaq Listings Qualifications
Staff (“Nasdaq Staff”) Indicating they had determined that the Company failed to comply with Nasdaq’s shareholder
approval requirements set forth in Listing Rule 5635(c) (the “Approval Rule”).

The
Company was notified that it was required to obtain shareholder approval under the Approval Rule prior to the establishment of a
2023 Employees’ Directors’ and Consultants Stock Issuance and Option Plan (the “2023 Plan”) and the Ad Hoc
Grants and the shares issued in connection therewith. The Company reported on a Form 8-K on July 3, 2025 that the only Incentive
Award Plan for the Company  is “The Lottery.com 2021 Incentive Award Plan” (the “2021 Plan”) which was
approved by the shareholders and registered by the Company on Form S-8 dated April 6, 2022, and that all Awards granted from October
2023 forward have been granted in accordance with the 2021 Plan.

As
reported on form 8-K filed on May 9, 2025, the Company received written notice from Nasdaq indicating that its bid price for its common
stock had closed at less than $1 per share over the previous 30 consecutive business days, and as a result, the Company did not comply
with Nasdaq Listing Rule 8510©(3)(A) (the “Bid Price Listing Rule”). However,
under the Listing Rules, the Company was provided a 180-calendar day grace period to regain compliance

On
June 20, 2025 Lottery.com received a letter from Nasdaq determining that as a result of the Company’s common stock closing at a
bid price at or above $1.00 for twenty consecutive business days, the Company had regained compliance with the Bid Price Listing Rule.
Nasdaq has closed the matter.

If
the Company’s securities are delisted from Nasdaq due to non-compliance with listing rules, it could be more difficult to buy
and sell the Company’s common stock and warrants or to obtain accurate quotations, and the price of the Company’s common
stock and warrants could suffer a material decline. Delisting could also impair the Company’s ability to raise capital