Company: LTRYW
Filing Date: 2025-05-08
Form Type: 8-K
Source: 0001641172-25-009229
Chunk: 0

Company: Lottery.com Inc.
Filing Date: 2025-05-08
Form: 8-K
Item: Item 1.01
Chunk 0
---
Item
1.01 Entry into a Material Definitive Agreement.

Letter
of Intent to Acquire Majority Ownership Stake in Dotcom Ventures Inc.

On
May 07, 2025, Lottery. com Inc. (collectively the “ Company” or “ Lottery. com”) entered into a Letter of Intent
(the “ LOI DVI DVI Assets Concerts. com 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 at
a Fixed Price three business days following the. Any Payment-In-Kind
made as part of the consideration to satisfy any portion of the Purchase Price shall carry full piggyback registration rights for the
benefit of the Seller.

In
the event that the closing price of the restricted stock units of common shares in Lottery. com Inc. to be issued to the Seller as above
is lower than the Fixed Price on April 30, 2026 (the “ Reprice Date Market
Price

The
Transaction contemplated by this LOI is subject to, among other things, the execution and delivery of a mutually agreeable agreement
(the “ SPA

Any
obligation for the Company to consummate the Transaction contemplated herein or pursuant to the SPA is subject to and conditioned upon
approval by a) the Company’s board of directors or b) the Company’s shareholders and obtaining Nasdaq, Security and Exchange
Commission or other regulatory approval or in compliance with all applicable governmental and quasi-governmental authorities.

Unless
otherwise mutually agreed by the parties in the SPA, the completion of the Transaction for Majority Interest of DVI shall occur on or
before August 1, 2025 and may take place remotely. It is currently anticipated that the execution of the SPA shall occur on or before
June 30, 2025.

SIGNATURES

Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.

  Lottery.com Inc.                               
  By:                   /s/ Matthew              
  Name:                 Matthew McGahan          
  Title:                Chief Executive Officer  

May
8, 2025