Company: LTRYW
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001641172-25-024882
Chunk: 156

Company: Lottery.com Inc.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 8
Chunk 156
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 our common stock and warrants are traded on The Nasdaq Stock Market LLC (“Nasdaq”) under the
ticker symbols “SEGG” and “LTRYW,” respectively. As of the date of this Report, we are not in compliance
with Nasdaq’s continued listing requirements (the “Listing Rules”). Under its new management, the Company
continues to work to improve its disclosure and reporting controls. Also, the Company plans to continue to strengthen and improve
its systems of internal control over financial reporting and invest in additional legal, accounting, and financial
resources.

 If the Company’s securities are delisted from Nasdaq, it could be more difficult to buy or sell the Company’s
common stock and warrants or to obtain accurate quotations, and the price of the Company’s common stock and warrants could suffer
a material decline. Delisting could also impair the Company’s ability to raise additional capital needed to fund its operations
and/or trigger defaults and penalties under outstanding agreements or securities of the Company.

There
can be no assurance that we will have sufficient capital to support our operations and pay expenses, repay our debt, or that additional
funds will be available on favorable terms, if at all. We may not be able to restart our operations or generate sufficient funding to
support such operations in the future. The Company’s ability to continue its current operations, prepare and refile required reports,
and restart its prior operations, is dependent upon obtaining new financing. Future financing options available to the Company include
equity financings, debt financings or other capital sources, including collaborations with other companies or other strategic transactions.
Equity financings may include sales of common stock. Such financing may not be available on terms favorable to the Company or at all.
The terms of any financing may adversely affect the holdings or rights of the Company’s stockholders and may cause significant
dilution to existing stockholders. There can be no assurance that the Company will be successful in obtaining sufficient funding on terms
acceptable to the Company, if at all, which would have a material adverse effect on its business, financial condition and results of
operations, and it could ultimately be forced to discontinue its operations and liquidate. These matters, when considered in the aggregate,
raise substantial doubt about the Company’s ability to continue as a going concern for a reasonable period of time, which is defined
as within one year after the date that the financial statements are issued. The accompanying financial statements do not contain any
adjustments to reflect the possible future effects