Company: LTRYW
Filing Date: 2025-05-21
Form Type: 10-Q
Source: 0001641172-25-011865
Chunk: 34

Company: Lottery.com Inc.
Filing Date: 2025-05-21
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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 07, 2025, Lottery. com entered into a Letter of Intent (the “ LOI”) with Dotcom Ventures Inc. (“ DVI”) which
outlines the intent of the Company to purchase a minimum of 51% up to 100% of DVI and its assets including the domain names concerts. com
and ticketstub. com (“ DVI Assets”) from Concerts. com Inc. (“ Concerts. com” or the “ Seller”). Subject
to Due Diligence (as defined below), as consideration for Majority Interest, Lottery. com shall pay Concerts. com the purchase price of
Five Million Dollars USD ($5,000,000) (the “ Purchase Price”) for Majority Interest in DVI.

On
May 13, 2025, the board of directors (the “ Board of Directors”) of Lottery. com Inc. (the “ Company”) appointed
Mr. Marc Bircham to the Board of Directors. Bircham will serve as an Executive Director.

On
May 14, 2025, the Company received a notice of effectiveness of Amendment No, 4 to its registration statement filed on Form S-1.

  F-26  

Item
2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.