SCHEDULE: Balyasny Asset Management Discloses 5.97% Stake in Lottery.com

Balyasny Asset Management L.P. and its affiliates have disclosed a 5.97% beneficial ownership stake in Lottery.com Inc. common stock.

Summary

• Balyasny Asset Management L.P., along with BAM GP LLC, Balyasny Asset Management Holdings LP, Dames GP LLC, and Dmitry Balyasny, collectively reported beneficial ownership of Lottery.com Inc. common stock.
• The reporting persons beneficially own an aggregate of 250,000 shares of Lottery.com Inc. common stock.
• This ownership represents approximately 5.97% of the company's class A common stock outstanding, based on 3,940,275 shares as of August 18, 2025.
• The shares are held through warrants exercisable into common stock by Atlas Diversified Master Fund, Ltd. (ADMF), an investment management client of Balyasny Asset Management L.P.
• The reporting persons have sole voting and dispositive power over the 250,000 shares.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 7

Explanation: The disclosure of a new 5.97% beneficial ownership stake by a reputable institutional investor like Balyasny Asset Management is generally perceived as a positive development, indicating institutional confidence and potential future interest in the stock.

Positives

• A significant institutional investor, Balyasny Asset Management, has taken a 5.97% stake in Lottery.com Inc., potentially signaling confidence in the company's future prospects.
• The acquisition of shares is stated to be in the ordinary course of business, not for control-influencing purposes, suggesting a passive investment interest.

Negatives

• The filing itself does not contain any negative information regarding Lottery.com Inc.'s operations or financial performance.

Risks

• The filing does not detail specific operational or financial risks pertaining to Lottery.com Inc. It is a disclosure of beneficial ownership by an investment firm.

Future Outlook

The filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance from Lottery.com Inc. or the reporting persons regarding the company's future performance.

Industry Context

This filing indicates that a notable institutional asset manager, Balyasny Asset Management, has identified Lottery.com Inc. as an investment opportunity, acquiring a significant stake. This could be viewed as a positive signal within the online lottery and gaming industry, potentially attracting further investor attention to the sector or the company itself.

Comparison to Industry Standards

• This filing is a standard Schedule 13G, which is a common regulatory disclosure for institutional investors acquiring more than 5% of a company's stock without the intent to control or influence management. The percentage of ownership (5.97%) is a typical threshold for such disclosures.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional stake may increase investor confidence and potentially lead to positive share price movement due to perceived validation of the company's value.
• Potential Investors: The presence of a major institutional investor could attract other investors to consider Lottery.com Inc. as an investment.

Key Dates

Recommendation

The filing indicates a significant institutional investment, which is generally a positive signal. However, without additional financial or operational details from Lottery.com Inc., a 'hold' recommendation is prudent, acknowledging the positive sentiment while awaiting further fundamental information to justify a stronger 'buy' or 'sell' stance.

Keywords

Lottery.com Inc., Balyasny Asset Management, Beneficial Ownership, Institutional Investment, SEC Filing, Common Stock, 5.97% Stake, Investment Management