Company: LTRYW
Filing Date: 2025-01-16
Form Type: POS AM
Source: 0001493152-25-002444
Chunk: 202

Company: Lottery.com Inc.
Filing Date: 2025-01-16
Form: POS AM
Chunk 202
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 option, which was exercisable for cash or on a cashless basis, at the holder’s option, expired on May 29, 2023. The Units issuable upon exercise of this option were identical to those offered by Lottery.com. The Company accounted for the unit purchase option, inclusive of the receipt of $ 100cash payment, as an expense of the Business Combination resulting in a charge directly to stockholders’ equity. As of December 31, 2023 all of the 87,500Units were forfeited.

Common Stock Warrants

The Company did not issue any warrants during the three months ended June 30, 2024. All 24,415outstanding warrants are fully vested and have a weighted average remaining contractual life of 1.32years. The Company did not incur any expense for the three months ended June 30, 2024.

Schedule of Common Stock Warrants

| Outstanding at December 31, 2023 
 Granted                          
 Exercised                        
 Forfeited/cancelled              |     | Number of 
 Shares    | 24,415 
      - 
      - 
      - |     | Weighted 
 Average  
 Exercise 
 Price    | 0.11 
    - 
    - 
    - |     | Weighted     
 Average      
 Remaining    
 Contractual  
 Life (years) | 1.82 
    - 
    - 
    - |     | Aggregate 
 Intrinsic 
 Value     | 1,200,387 |
|:---------------------------------|:----|:----------|-------:|:----|:---------|-----:|:----|:-------------|-----:|:----|:----------|----------:|
| Outstanding at June 30, 2024     |     |           | 24,415 |     | $        | 0.11 |     |              | 1.32 |     | $         | 1,200,387 |

| F-21 |

Beneficial Conversion Feature - Convertible Debt

As detailed in Note 9- Notes Payable and Convertible Debt, the Company has issued two series of convertible debt. Both issuances resulted in the recognition of the beneficial conversion features contained within both of the instruments. The Company recognized the proceeds allocable to the beneficial conversion feature of $ 8,480,697as additional paid in capital and a corresponding debt discount of $ 2,795,000. This additional paid in capital is reflected in the accompanying consolidated Statements of Equity.