Company: LTRYW
Filing Date: 2025-05-14
Form Type: S-1/A
Source: 0001641172-25-010091
Chunk: 119

Company: Lottery.com Inc.
Filing Date: 2025-05-14
Form: S-1/A
Chunk 119
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 and business services to launch in
multiple African and Asian jurisdictions. The launch date is scheduled for Q2 2025.

Phase 2 - Restore Other Business Lines and Projects.Assuming the success of Phase 1, the Company expects to restore other products it previously offered,
such as supplying lottery tickets to consumers in approved domestic jurisdictions, partnering with licensed providers in international
jurisdictions, monetizing Sports.com, and reviving other products and services that were under development when the Operational Cessation
occurred.

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As of the date of this Prospectus, the current estimated cash balance of the Company and subsidiaries is approximately $63,346. The Company believes that this cash on hand, along with future borrowings, will be sufficient for the Company to resume its core operations.

As of the date of this Prospectus, our common stock and warrants are traded on The Nasdaq Stock Market LLC (“Nasdaq”) under the ticker symbols “LTRY” and “LTRYW,” respectively. As of the date of this Prospectus, we are in compliance with Nasdaq’s continued listing requirements (the “Listing Rules”). See, “ Risk Factors - Risks Related to Our Common Stock and Warrants – we are not currently in full compliance with the continued listing standards of Nasdaq and we may not be able to regain full compliance with Nasdaq’s continued listing standards in the future.” Additionally, 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.

Even if the Company’s plan to recommence its operations is successful, there can be no assurance that the Company will be able to regain and maintain compliance with the applicable Listing Rules. 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