10-K/A: Lottery.com Files Amended 10-K, Certifications Included
Form 10-K/A Filing
Lottery.com files an amendment to its annual report on Form 10-K/A, including certifications from the CEO and CFO.
Summary
- Lottery.com Inc. has filed an amendment to its annual report on Form 10-K/A for the fiscal year ended December 31, 2023.
- The filing includes certifications from the Principal Executive Officer, Matthew McGahan, and the Principal Financial Officer, Robert Stubblefield, as required by the Sarbanes-Oxley Act of 2002.
- The aggregate market value of voting and non-voting stock held by non-affiliates as of December 29, 2023, was approximately $7.8 million.
- As of May 17, 2024, there were 4,780,380 shares of common stock outstanding.
Sentiment
Score: 7
Explanation: The document is a standard regulatory filing, indicating compliance and transparency. The sentiment is neutral to slightly positive as it fulfills reporting requirements.
Positives
- The filing includes certifications from the CEO and CFO, ensuring the accuracy and completeness of the report.
Management Comments
- Matthew McGahan, Chief Executive Officer, certified the accuracy of the report.
- Robert Stubblefield, Chief Financial Officer, certified the accuracy of the report.
Industry Context
This filing is a standard regulatory requirement for publicly traded companies and provides transparency to investors regarding Lottery.com's financial standing and compliance.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Executive Clawback Policy | Executive Clawback Policy effective December 1, 2023 | 2023-12-01 | The policy allows the company to recover incentive-based compensation from executive officers under certain circumstances, promoting accountability. |
Stakeholder Impact
- Shareholders are provided with updated financial information and certifications from key executives.
- The filing ensures compliance with regulatory requirements, maintaining investor confidence.
Key Dates
| Date | Description |
|---|---|
| 2018-05-29 | Date of Warrant Agreement between TDAC and Continental Stock Transfer & Trust Company |
| 2021-02-21 | Date of Business Combination Agreement among Trident Acquisitions Corp., Trident Merger Sub II Corp., and AutoLotto, Inc. |
| 2021-10-29 | Date of Investor Rights Agreement among Lottery.com Inc., AutoLotto, Inc. and security holders |
| 2021-10-29 | Date of Initial Stockholder Forfeiture Agreement among Lottery.com Inc., AutoLotto, Inc. and security holders |
| 2022-07-22 | Date of Resignation and Release Agreement between Lottery.com and Lawrence Anthony DiMatteo III |
| 2022-12-07 | Date of Loan Agreement between Lottery.com and Woodford Eurasia Assets Ltd |
| 2023-08-08 | Date of Amended and Restated Loan Agreement between Lottery.com and United Capital Investments London Limited |
| 2023-08-18 | Date of Amendment to Amended and Restated Loan Agreement between Lottery.com Inc. and United Capital Investments London Limited |
| 2023-12-01 | Effective date of Executive Clawback Policy |
| 2023-12-29 | Date used to calculate the aggregate market value of voting and non-voting stock held by non-affiliates |
| 2024-05-17 | Date indicating the number of outstanding shares of common stock |
| 2025-05-12 | Date of report signature |
Keywords
10-K/A, annual report, Lottery.com, financial statements, SEC filings, certifications
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