10/16/2025 | Press release | Distributed by Public on 10/16/2025 13:20
Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
Lottery.com Inc. Receives Compliance Determination Letter from Nasdaq
As previously reported, on May 8, 2025, Lottery.com Inc. ("Lottery.com" or "the Company") received a notice from The Nasdaq Stock Market LLC ("Nasdaq") indicating that the Company was not in compliance with Nasdaq Listing Rule 5635(c) (the "Listing Rule").
On October 16, 2025, Lottery.com received a letter from Nasdaq determining that as a result of the Company's retroactive action to abandon the 2023 Employees', Directors' and Consultants Stock Issuance and Option Plan and instead reflect that Ad Hoc grants were made pursuant to the 2021 Incentive Award Plan, the Company has regained compliance with the Listing Rule. Nasdaq has closed the matter.