Company: LTRYW
Filing Date: 2025-04-25
Form Type: S-1/A
Source: 0001641172-25-006093
Chunk: 8

Company: Lottery.com Inc.
Filing Date: 2025-04-25
Form: S-1/A
Chunk 8
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of the Commitment Amount, or (iii) at such time that the Registration Statement is no longer effect. The Stock Purchase Agreement may
be terminated by the Company after commencement, at the Company’s discretion; provided, however, that if the Company sold less
than $5,000,000 to Investor, Company will pay to Investor a termination fee of $1,000,000, which is payable, at our option, in cash or
in shares of common stock at a price equal to the closing price on the day immediately preceding the date of receipt of the termination
notice.

| 3 |

Risk Factors Our business is subject to numerous risks and uncertainties, including those described in “Risk Factors” immediately following this Prospectus summary and elsewhere in this Prospectus. These risks represent challenges to the successful implementation of our strategy and to the growth and future profitability of our business. These risks include, but are not limited to, the following:

| ● | We                                                                                                                                             
 have a history of operating losses;                                                                                                            |
| ● | The                                                                                                                                            
 findings of the previously disclosed Internal Investigation and other matters have exposed us to a number of legal proceedings, investigations 
 and inquiries, resulted in significant legal and other expenses, required significant time and attention from our senior management,           
 among other adverse impacts.                                                                                                                   |
| ● | We                                                                                                                                             
 have been named as a defendant in a number of lawsuits filed by purchasers of our securities, including class action lawsuits that             
 could have a material adverse impact on our business, financial condition, results of operation and cash flows, and our reputation.            |
| ● | Matters                                                                                                                                        
 relating to or arising from the filing of restated financial statements and reports on Forms 10-K and 10-Q, the investigations and             
 regulatory inquiries, including adverse publicity connected to these matters as well as other concerns, coupled with potential concerns        
 from our users, customers or others with whom we do business, have had and could continue to have an adverse effect on our business            
 and financial condition.                                                                                                                       |
| ● | In                                                                                                                                             
 July 2022, the Company furloughed the majority of its employees and suspended lottery game sales operations after determining that             
 it did not have sufficient financial resources to fund its operations or pay certain existing obligations, including payroll and               
 related obligations. As a result, the Company may not be able to continue as a going concern.                                                  |
| ● | We                                                                                                                                             
 need to implement and maintain an effective system of internal controls.                                                                       |
| ● | We                                                                                                                                             
 may