Company: LTRYW
Filing Date: 2025-12-10
Form Type: PRE 14A
Source: 0001493152-25-027089
Chunk: 42

Company: Lottery.com Inc.
Filing Date: 2025-12-10
Form: PRE 14A
Chunk 42
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 than as a result of the payment of cash in lieu of fractional shares). For example, a holder of 2% of the voting power of the outstanding shares of Common Stock immediately prior to a Reverse Stock Split would continue to hold 2% of the voting power of the outstanding shares of Common Stock immediately after such Reverse Stock Split. The number of stockholders of record will not be affected by a Reverse Stock Split (except to the extent that any stockholder holds only a fractional share interest and receives cash for such interest after such Reverse Stock Split).

The following table illustrates the effects of a one-for-five and one-for-ten Reverse Stock Split on our outstanding Common Stock as of December [●], 2024 (without giving effect to any adjustments for fractional shares):

| Reverse Split Ratio |     | Approximate   
 Number of     
 Shares Issued 
 and           
 Outstanding   |           |     | Number of  
 Shares     
 Authorized |             |     | Percentage of 
 Authorized    
 Common Stock  |      |   |
| Current Shares      |     |               | 5,039,652 |     |            | 500,000,000 |     |               | 1.01 | % |
| 1-for-5             |     |               | 1,007,930 |     |            | 500,000,000 |     |               | 0.20 | % |
| 1-for-10            |     |               |   503,965 |     |            | 500,000,000 |     |               |  .10 | % |

| 27 |

The amendment will not change the terms of our Common Stock. The shares of new Common Stock will have the same voting rights and rights to dividends and distributions and will be identical in all other respects to the Common Stock now authorized. The Common Stock issued pursuant to the Reverse Stock Split will remain fully paid and non-assessable. The Reverse Stock Split is not intended as, and will not have the effect of, a “going private transaction” covered by Rule 13e-3 under the Exchange Act. We will continue to be subject to the periodic reporting requirements of the Exchange Act.

We are currently authorized to issue up to 500,000,000 shares of Common Stock under our Certificate of Incorporation. The Reverse Stock Split will have no effect on the total number of shares of Common Stock we are authorized to issue under our Certificate of Incorporation. Therefore, upon effectiveness of a Reverse Stock Split, the number of shares of