Company: LTRYW
Filing Date: 2025-01-16
Form Type: POS AM
Source: 0001493152-25-002444
Chunk: 152

Company: Lottery.com Inc.
Filing Date: 2025-01-16
Form: POS AM
Chunk 152
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 its other executive officers and directors, see the sections entitled “Certain Relationships and Related Party Transactions.”

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<div align='center'>SELLING SHAREHOLDERS</div>

This prospectus relates to the resale by the Selling Shareholders of up 6,270,854 shares of Common Stock, including shares held directly, shares issuable upon the exercise of certain outstanding warrants, and shares issuable upon the conversion of certain unsecured convertible notes. The 6,270,854 shares consist of: (a) 396,789 shares issuable upon conversion of convertible notes issued pursuant to private placements conducted in 2023 and 2024; (b) 463,937 shares of common stock issuable upon exercise of the Private Placement Warrants; and (c) 5,410,128 shares of common stock held by certain officers, directors, employees and consultants of the Company. The private placements were conducted through Convertible Promissory Notes convertible at a maximum conversion price of $4.5875.If the “Conversion Price” on the six (6) month anniversary of the Issuance Date is lower than the Conversion Price on the Issuance Date, then the Conversion Price shall be adjusted downward to the VWAP of the Common Stock for the five (5) consecutive Trading Days immediately preceding the six (6) month anniversary date. The Conversion Price is subject in each case, to adjustment as provided herein.

The Selling Shareholders may from time to time offer and sell any or all of the shares of Common Stock set forth below pursuant to this prospectus. When we refer to the “Selling Shareholders” in this prospectus, we mean the persons listed in the table below, and the pledgees, donees, transferees, assignees, successors, designees and others who later come to hold any of the Selling Shareholders’ interest in the Common Stock other than through a public sale. We cannot advise you as to whether the Selling Shareholders will in fact sell any or all of such shares of Common Stock. In addition, the Selling Shareholders may sell, transfer or otherwise dispose of, at any time and from time to time, the shares of Common Stock in transactions exempt from the registration requirements of the Securities Act after the date of this prospectus. For purposes of this illustrative table, Selling Shareholders will have sold all of the securities covered by this prospectus upon the completion of the offering.

The following table sets forth, as of September 25, 2024 (