Item 5. Market for Registrant’s Common Equity
Item
5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
Market
Information
Our
Common Stock is currently traded on The Nasdaq Stock Market LLC (“Nasdaq”) under the symbol “LTRY.” Our public
warrants are traded on Nasdaq under the symbol “LTRYW”.
Holders
As
of June 15, 2023, there were 114 holders of record of our common stock and 10 holders of record of our warrants. In addition
to holders of record of our securities we believe there is a substantially greater number of “street name” holders or beneficial
holders whose shares and warrants are held of record by banks, brokers and other financial institutions.
Dividends
We
have not paid any cash dividends on our shares of common stock to date and do not anticipate paying any cash dividends for the foreseeable
future. The payment of cash dividends in the future will be dependent upon our revenues and earnings, if any, capital requirements and
general financial condition as well as general business conditions. The payment of any cash dividends will be within the discretion of
the Board at such time.
Recent
Sales of Unregistered Securities; Use of Proceeds from Registered Offerings
We
did not issue any equity securities during the year ended December 31, 2022 that were not registered under the Securities Act and that
have not otherwise been described in a Quarterly Report on Form 10-Q or a Periodic Report on Form 8-K.
Securities
Repurchases
None
during the fourth quarter of fiscal year 2022.
Item
6. [Reserved].
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