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Lottery.com Inc. 8-K Report: Stock and Warrant Insights (Feb 2025)

$LTRY
Form 8-K
Filed on: 2025-02-24
Source
Lottery.com Inc. 8-K Report: Stock and Warrant Insights (Feb 2025)

The extracted key information from the provided financial report section is as follows:

  1. Entity Information:
  • Company Name: Lottery.com Inc.
  • CIK Number: 0001673481
  • SEC Filing Type: 8-K
  • Filing Date: February 20, 2025
  • Address: 5049 Edwards Ranch Rd., 4th Floor, Fort Worth, TX 76109
  • Contact Number: (737) 309-4500
  1. Stock Information:
  • Common Stock:
    • Par Value: $0.001 per share
    • Ticker Symbol: LTRY
    • Exchange: NASDAQ
  1. Warrants Information:
  • Warrants:
    • Details: Warrants to purchase one share of common stock
    • Exercise Price: $230.00 per share
    • Ticker Symbol for Warrants: LTRYW
    • Exchange: NASDAQ
  1. Context and Period:
  • The reporting context is specific to the date of February 20, 2025, indicating that the information is recorded as of this date.
  1. Units of Measurement:
  • Currency: USD (United States Dollar)
  • Shares: Measured in shares for the common stock and warrants.

Insights:

  • The company is publicly traded on NASDAQ, indicating a level of regulatory scrutiny and transparency.
  • The low par value of common stock ($0.001) suggests that the company may be at an early growth stage or a startup.
  • The significant exercise price for the warrants ($230.00) implies a strategic pricing decision, potentially indicating expectations of future stock price appreciation or as a mechanism to raise capital.
  • The filing of an 8-K indicates that this report may contain significant or material information that the company is required to disclose to shareholders.

Overall, this section provides crucial insights into the company's stock structure and associated financial instruments that may be relevant for investors and analysts monitoring Lottery.com Inc.