Company: LTRYW
Filing Date: 2025-04-09
Form Type: 10-K/A
Source: 0001641172-25-003412
Chunk: 167

Company: Lottery.com Inc.
Filing Date: 2025-04-09
Form: 10-K/A
Chunk 167
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 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 years after October 29, 2021, which was the completion of the TDAC Combination or earlier upon redemption or liquidation.

The Company may redeem the Public Warrants:

| ● | in                                                                                                                                   
 whole and not in part;                                                                                                               |
| ● | at                                                                                                                                   
 a price of $0.01 per warrant;                                                                                                        |
| ● | upon                                                                                                                                 
 a minimum of 30 days’ prior written notice of redemption;                                                                            |
| ● | if,                                                                                                                                  
 and only if, the last sale price of the Company’s common stock equals or exceeds $320.00 per share for any 20 trading days within    
 a 30-trading day period ending on the third trading day prior to the date on which the Company sends the notice of redemption to     
 the warrant holders; and                                                                                                             |
| ● | if,                                                                                                                                  
 and only if, there is a current registration statement in effect with respect to the shares of common stock underlying such warrants 
 at the time of redemption and for the entire 30-day trading period referred to above and continuing each day thereafter until the    
 date of redemption.                                                                                                                  |

| F-23 |

If the Company calls the Public Warrants for redemption, management will have the option to require all holders that wish to exercise the Public Warrants to do so on a “cashless basis,” as described in the warrant agreement. These warrants cannot be net cash settled by the Company in any event.

After giving effect to the
Business Combination, as of December 31, 2023 there were