Lottery.com Inc.

09/13/2024 | Press release | Distributed by Public on 09/13/2024 14:36

Failure to Satisfy Listing Rule Form 8 K

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard

On September 11, 2024, Lottery.com, Inc. (the "Company") received a written notice (the "Notice") from the Listing Qualifications Staff of The Nasdaq Stock Market LLC ("Nasdaq") advising the Company that its bid price for its common stock had closed at less than $1 per share over the previous 30 consecutive business days, and, as a result, the Company did not comply with Nasdaq Listing Rule 5450(a)(1). In accordance with Nasdaq Listing Rule 5810(c)(3)(A), Nasdaq is granting the Company up to 180 calendar days, or until March 10, 2025, to regain compliance with said Nasdaq Listing Rule 5450(a)(1).

If, however, at any time during said 180 calendar day period, the closing bid price of the Company's common stock is at least $1 for a minimum of ten consecutive business days, the Nasdaq will then provide the Company with a written confirmation of compliance and this matter will be closed.

In the event the Company does not regain compliance with the rule prior to the expiration of the compliance period, the Company will receive written notification that its securities are subject to delisting.