Company: LTRYW
Filing Date: 2025-10-15
Form Type: 10-Q/A
Source: 0001493152-25-018121
Chunk: 88

Company: Lottery.com Inc.
Filing Date: 2025-10-15
Form: 10-Q/A
Chunk 88
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iffs’ complaint was dismissed with prejudice. All pending deadlines and hearings
were terminated, and any other pending motions were denied as moot. Plaintiffs filed a notice of appeal as to the Order.

Honey Tree Trading

On September 4, 2024, Honey Tree Trading, LLC (“Honey
Tree” or “Plaintiff”) filed a verified original complaint (the “Complaint”) against Lottery.com (“Lottery.com”
or the “Company”) and directors Matthew Howard McGahan (“McGahan”), Christopher Gooding (“Gooding”),
Paul Jordan (“Jordan”), Tamer Hassan (“Hassan”) and Warren Macal (“Macal” together with McGahan, Gooding,
Jordan and Hassan, the “Individual Defendants” and, collectively Lottery.com, the “Defendants”) in Delaware Chancery
Court alleging, amongst other things, breach of contract by the Company with respect to certain notes and warrants and breach of fiduciary
duties by the Individual Defendants. (CA. No. 2024-0921-NAC: styled Honey Tree Trading, LLC v. Lottery.com Inc., et al.). On October 10
,2024, Honey Tree amended its Complaint by filing an amended verified complaint (the “Amended Complaint”) and a motion to
expedite proceedings (the “Motion”). On November 6, 2024, at a hearing on Plaintiff’s Motion (the “Hearing”)
and on the issue of breach of fiduciary duties against the Individual Defendants, Honey Tree’s counsel informed the Court that,
“[t]here is no question that Honey Tree is presently a shareholder and was a shareholder at the time it presented its pleading.”
On November 12, 2024, Plaintiff’s counsel informed the Court that “Honey Tree did own shares prior to the filing of the Amended
Complaint but sold them prior to that filing; and (ii) Honey Tree did not subsequently purchase shares of Lottery.com until November 7,
2024, the day after the [H]earing,” (Plaintiff’s Admission”). Following Plaintiff’s Admission on November 13,
2024, Plaintiff dismissed without prejudice its claims against Hassan and Macal (the “Dismissal”). The Court ordered the Dismissal
on November 15, 2024. On December 13, 2024, Plaintiff filed amended its Amended Complaint by filing a second amended verified complaint
(the “Second Amended Complaint”) and a renewed motion to expedite