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Lottery.com | S-3: Registration statement for specified transactions by certain issuers

SEC announcement ·  Feb 13 11:29
Summary by Moomoo AI
Lottery.com Inc., a Delaware-based company, has filed a Form S-3 registration statement with the United States Securities and Exchange Commission (SEC) in Washington, D.C. The registration statement is for the issuance of securities under the Securities Act of 1933. The company's principal executive offices are located in Spicewood, Texas, and the agent for service is Mathew McGahan, the Principal Executive Officer. The registration statement indicates that Lottery.com may offer and sell common stock, preferred stock, depositary shares representing preferred stock, debt securities, warrants, purchase contracts, or units up to an aggregate of $100,000,000. The company also plans to register 4,345,404 shares of common stock on behalf of selling shareholders, which may be sold from time to time after...Show More
Lottery.com Inc., a Delaware-based company, has filed a Form S-3 registration statement with the United States Securities and Exchange Commission (SEC) in Washington, D.C. The registration statement is for the issuance of securities under the Securities Act of 1933. The company's principal executive offices are located in Spicewood, Texas, and the agent for service is Mathew McGahan, the Principal Executive Officer. The registration statement indicates that Lottery.com may offer and sell common stock, preferred stock, depositary shares representing preferred stock, debt securities, warrants, purchase contracts, or units up to an aggregate of $100,000,000. The company also plans to register 4,345,404 shares of common stock on behalf of selling shareholders, which may be sold from time to time after the effective date of the registration statement. The shares include those issued pursuant to private placements conducted in 2023 and 2024, shares issuable upon exercise of warrants, and shares held by certain officers, directors, employees, and consultants. The registration statement does not guarantee that the securities will be issued, offered, or sold, and the method of sale may vary. The company will not receive proceeds from the sale of shares by the selling shareholders, except for amounts received upon exercise of warrants for cash. The common stock is listed on The Nasdaq Stock Market LLC under the symbols 'LTRY' and 'LTRYW'. The closing price of the common stock was $2.30 per share as of February 9, 2024. Investing in the securities involves risks, and the company advises potential investors to review the 'Risk Factors' section beginning on page 3 of the prospectus.

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