Lottery Com SEC Filings

Wells Fargo & Company (WFC) – Form 4 insider filing

Director Ronald Sargent reported one routine transaction dated 1 Jul 2025. He acquired 490.8578 phantom stock units at a reference price of $81.49 under the company’s deferred-compensation plan (transaction code A). Each unit is economically equivalent to one share of common stock. After the purchase, the director directly owns 67,695.7607 phantom stock units and 81 common shares, plus 18,050 common shares held indirectly through a revocable trust. No derivative sales or option exercises were disclosed. The filing reflects ongoing equity-based compensation and does not signal any operational or strategic change for Wells Fargo.

Wells Fargo & Company (WFC) – Form 4 insider filing

Director Ronald Sargent reported one routine transaction dated 1 Jul 2025. He acquired 490.8578 phantom stock units at a reference price of $81.49 under the company’s deferred-compensation plan (transaction code A). Each unit is economically equivalent to one share of common stock. After the purchase, the director directly owns 67,695.7607 phantom stock units and 81 common shares, plus 18,050 common shares held indirectly through a revocable trust. No derivative sales or option exercises were disclosed. The filing reflects ongoing equity-based compensation and does not signal any operational or strategic change for Wells Fargo.

Lottery.com has amended its Stock Purchase Agreement with Generating Alpha Ltd., securing a significant $300 million equity financing commitment. The amended agreement allows the company to initiate "Put" requests for stock purchases, with Generating Alpha agreeing to buy shares at 94% of the Market Price (defined as lowest VWAP over 5 trading days).

Key terms of the agreement include:

• Minimum Put amount of $20,000
• Maximum Put limited to 100% of Average Daily Trading Volume
• Investor ownership capped at 4.99% of Common Stock
• Initial Commitment Fee of 682,410 shares via prefunded warrant
• Additional 1.5% in prefunded warrants for each $50M tranche after first $100M

As an emerging growth company, this financing arrangement provides significant capital access for Lottery.com, though the company notes ongoing challenges including Nasdaq compliance issues and internal accounting control reviews.

Lottery.com has entered into an Amended Stock Purchase Agreement with Generating Alpha Ltd. on June 16, 2025, securing potential funding of up to $300 million through stock purchases. Key terms include:

• Investor will purchase shares at 94% of Market Price (defined as 5-day VWAP)
• Minimum Put amount of $20,000 with maximum limited to 100% of Average Daily Trading Volume
• Investor ownership capped at 4.99% of Common Stock
• Company issued 682,410 shares as Commitment Fee via prefunded warrant
• Additional 1.5% in shares (as warrants) for each $50 million tranche after first $100 million

The company, listed as an emerging growth company, trades on Nasdaq under LTRY (common stock) and LTRYW (warrants). This agreement provides significant potential funding for operations, subject to market conditions and regulatory compliance.

Lottery.com has regained compliance with Nasdaq's minimum bid price requirement after its stock maintained a closing bid price above $1.00 for twenty consecutive business days from May 21 through June 18, 2025. This development follows a previous notice of non-compliance received on May 9, 2025.

Key details:

• The company has successfully addressed its violation of Nasdaq Listing Rule 5450(a)(1)
• Nasdaq has officially closed the compliance matter
• Trading symbols: LTRY (Common Stock) and LTRYW (Warrants)
• Warrants are exercisable at $230.00 per share

The company maintains its status as an emerging growth company and continues to face various risks, including concerns about internal accounting controls, capital resources, and ability to continue as a going concern. The filing was signed by CEO Matthew McGahan on June 23, 2025.