Company: LTRYW
Filing Date: 2025-04-09
Form Type: 10-K/A
Source: 0001641172-25-003412
Chunk: 29

Company: Lottery.com Inc.
Filing Date: 2025-04-09
Form: 10-K/A
Chunk 29
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 among other things, support and restart our operations, re-hire or hire employees, engage contractors and pay our expenses. The most likely source of future funds presently available to us will be through future borrowings under one or more loan agreements or through the sale of equity or debt. We may have difficulty obtaining additional funding, and we may have to accept terms that would adversely affect our stockholders. For example, the terms of any future financings, similar to the UCIL Loan Agreement, may impose restrictions on the manner in which we conduct our business, including our ability to pay dividends. Additionally, lending institutions or private investors may impose restrictions on a future decision by us to make capital expenditures, acquisitions or significant asset sales. Obtaining additional financing involves certain risks, including:

| ● | additional                                                                                                                              
 equity or debt financing may not be available to us on satisfactory terms, if at all;                                                   |
| ● | if                                                                                                                                      
 we raise additional funds by issuing equity, equity-linked securities or debt securities, those securities may have rights, preferences 
 or privileges senior to the rights of our currently issued and outstanding equity or debt, and our existing stockholders may experience 
 dilution;                                                                                                                               |
| ● | loans                                                                                                                                   
 or other debt instruments may have terms and/or conditions, such as interest rate, restrictive covenants and control or revocation      
 provisions, which are not acceptable to management or our Board;                                                                        |
| ● | we                                                                                                                                      
 may not have sufficient funds to repay our debt, which could lead us to default on our obligations; and                                 |
| ● | the                                                                                                                                     
 current environment in capital markets combined with our capital constraints may prevent us from being able to obtain adequate debt     
 financing.                                                                                                                              |

If funds advanced under our current loan agreements are inadequate to meet our needs, and/or we are unable to raise additional funds, we may not be able to raise enough capital to recommence our operations and operate our business. Consequently, we may be forced to curtail or even abandon our plan to recommence our operations and we may need to permanently cease our operations.

Further, the operating relationship between the Company and some of its partners, such as the minority owners of Aganar and JuegaLotto, may be negatively impacted by the Company’s lack of liquidity. If these relationships were to become strained or be terminated entirely, it could have a material adverse effect on our reputation, business, financial condition, including our ability to raise new capital, cash flows and results of operations.

| 13 |

If