Lottery.com Files Q3 2024 Report on Nasdaq

Ticker: LTRYW · Form: 10-Q · Filed: Dec 16, 2024 · CIK: 1673481

Lottery.Com INC. 10-Q Filing Summary
FieldDetail
CompanyLottery.Com INC. (LTRYW)
Form Type10-Q
Filed DateDec 16, 2024
Risk Levellow
Pages15
Reading Time18 min
Key Dollar Amounts$0.001, $230.00, $1.00, $5 million
Sentimentneutral

Sentiment: neutral

Topics: 10-Q, quarterly-report, sec-filing, compliance

Related Tickers: LTRY, LTRYW

TL;DR

LTRY filed its 10-Q for Q3 2024, all good on Nasdaq filings.

AI Summary

Lottery.com Inc. filed its quarterly report for the period ended September 30, 2024. The company's common stock trades under the symbol LTRY and its warrants under LTRYW on The Nasdaq Stock Market LLC. The filing indicates the company has met its reporting requirements for the preceding 12 months and the past 90 days.

Why It Matters

This filing provides an update on Lottery.com's financial and operational status, which is crucial for investors to assess the company's performance and future prospects.

Risk Assessment

Risk Level: low — This is a standard quarterly report filing that confirms compliance with SEC regulations.

Key Players & Entities

FAQ

What is the primary purpose of this Form 10-Q filing?

The primary purpose is to provide a quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended September 30, 2024.

On which exchange are Lottery.com's common stock and warrants traded?

Lottery.com's common stock (LTRY) and warrants (LTRYW) are traded on The Nasdaq Stock Market LLC.

Has Lottery.com Inc. filed all required reports for the preceding 12 months?

Yes, the filing indicates that Lottery.com Inc. has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months.

Has Lottery.com Inc. been subject to filing requirements for the past 90 days?

Yes, the filing indicates that Lottery.com Inc. has been subject to such filing requirements for the past 90 days.

What is the par value of Lottery.com Inc.'s common stock?

The par value of Lottery.com Inc.'s common stock is $0.001 per share.

Filing Stats: 4,387 words · 18 min read · ~15 pages · Grade level 15.1 · Accepted 2024-12-16 15:27:31

Key Financial Figures

Filing Documents

Management's Discussion and Analysis of Financial Condition and Results of Operations

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

Quantitative and Qualitative Disclosures about Market Risk

Item 3. Quantitative and Qualitative Disclosures about Market Risk 18

Controls and Procedures

Item 4. Controls and Procedures 18

Other Information

Part II. Other Information

Legal Proceedings

Item 1. Legal Proceedings 20

Risk Factors

Item 1A. Risk Factors 21

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 22

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 22

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 22

Other Information

Item 5. Other Information 22

Exhibits

Item 6. Exhibits 22 i CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10Q (this "Report") contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including statements about the financial condition, results of operations, earnings outlook and prospects of Lottery.com Inc. ("Lottery.com", the "Company", "we" or "us"). Forward-looking statements appear in a number of places in this Report, including, without limitation, under the heading in Part I, " Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations. " In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements.

Forward-looking statements are typically identified by words such as "plan," "believe," "expect,"

Forward-looking statements are typically identified by words such as "plan," "believe," "expect," "anticipate," "intend," "outlook," "estimate," "forecast," "project," "continue," "could," "may," "might," "possible," "potential," "predict," "should," "would" and other similar words and expressions, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking in circumstances and their potential effects and speak only as of the date of such statement. There can be no assurance that future developments will be those that have been anticipated. These forward-looking statements involve a number of risks, uncertainties or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those factors discussed and identified in the section entitled "Risk Factors" in our Annual Report on Form 10-K/A for the year ended December 31, 2023 (the Amended "Annual Report") which was filed on May 20, 2024 and in this Report, as such factors may be updated in our periodic reports filed with the Securities and Exchange Commission (the "SEC"), as well as the following: The findings of the previously disclosed Internal Investigation (as defined herein) and other matters have exposed us to a number of legal proceedings, investigations and inquiries, resulted in significant legal and other expenses, required significant time and attention from our senior management, among other adverse impacts. We and certain of our former officers are, and in the future, we or our officers and directors may become, the subject of legal proceedings, investigations and inquiries by governmental agencies with respect to the findings of the Internal Investigation and othe

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