Lottery.com Amends 8-K on Warrants, Exercise Price $230.00
Ticker: LTRYW · Form: 8-K/A · Filed: Feb 6, 2024 · CIK: 1673481
| Field | Detail |
|---|---|
| Company | Lottery.Com INC. (LTRYW) |
| Form Type | 8-K/A |
| Filed Date | Feb 6, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001, $230.00, $1,000,000, $5,000,000 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: amendment, warrants, material-agreement, capital-structure
TL;DR
**Lottery.com just clarified warrant terms, exercise price is $230.00 per share.**
AI Summary
Lottery.com Inc. filed an 8-K/A on February 6, 2024, to amend its previous 8-K filing from December 11, 2023. This amendment clarifies the terms of a material definitive agreement, specifically regarding warrants to purchase common stock at an exercise price of $230.00 per share. This matters to investors because it provides updated information on the company's financial agreements, which could impact future share dilution or capital structure, and clarifies the terms of existing warrants.
Why It Matters
This amendment provides clarity on the terms of warrants, which is crucial for investors to understand potential future dilution and the company's capital structure. It ensures transparency regarding a material definitive agreement.
Risk Assessment
Risk Level: low — This filing is an amendment for clarification, not a new event, and does not introduce new significant risks but rather provides more precise information.
Analyst Insight
Investors should review the clarified warrant terms to understand potential future dilution and its impact on their holdings. While not a major event, it's good to stay informed on all material agreements.
Key Numbers
- $230.00 — Warrant Exercise Price (The price at which warrants can be exercised to purchase one share of common stock.)
Key Players & Entities
- Lottery.com Inc. (company) — the registrant filing the 8-K/A
- $230.00 (dollar_amount) — the exercise price for warrants to purchase common stock
- December 11, 2023 (date) — the date of the earliest event reported in the original 8-K
- February 6, 2024 (date) — the filing date of the 8-K/A amendment
FAQ
What is the purpose of this 8-K/A filing by Lottery.com Inc.?
This 8-K/A filing is an Amendment No. 1 to a previous Current Report on Form 8-K, filed to provide updated information regarding a material definitive agreement, specifically concerning warrants to purchase common stock.
What is the exercise price for the warrants mentioned in the filing?
The filing specifies that the warrants are to purchase one share of common stock each at an exercise price of $230.00.
When was the earliest event reported in the original 8-K that this amendment refers to?
The Date of Report (Date of earliest event reported) for the original filing was December 11, 2023.
What is Lottery.com Inc.'s business address as listed in the filing?
Lottery.com Inc.'s business address is 20808 State Hwy 71 W, Unit B, Spicewood, Texas, 78669.
What is the par value per share of Lottery.com Inc.'s common stock, according to the filing?
The filing indicates that the common stock has a par value of $0.001 per share.
Filing Stats: 623 words · 2 min read · ~2 pages · Grade level 11.5 · Accepted 2024-02-06 09:00:17
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 per share LTRY The Nasdaq Stock Mar
- $230.00 — mon stock, each at an exercise price of $230.00 LTRYW The Nasdaq Stock Market LLC
- $1,000,000 — g ("Offering") of units ("Units") up to $1,000,000; each Unit consisting of a convertible
- $5,000,000 — the offering amount from $1,000,000 to $5,000,000. All other terms and conditions of the
Filing Documents
- form8-ka.htm (8-K/A) — 44KB
- 0001493152-24-005038.txt ( ) — 261KB
- ltry-20231211.xsd (EX-101.SCH) — 4KB
- ltry-20231211_def.xml (EX-101.DEF) — 26KB
- ltry-20231211_lab.xml (EX-101.LAB) — 36KB
- ltry-20231211_pre.xml (EX-101.PRE) — 25KB
- form8-ka_htm.xml (XML) — 6KB
SIGNATURES
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 McGahan Name: Matthew McGahan Title: Chief Executive Officer Date: February 6, 2024