Lottery.com Inc. filed SEC Form 8-K: Other Events
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Item 8.01. Other Events.
Sponsorship of Sebastian Murray on the INDY NXT by Firestone series
On May 02, 2025, Sports.com and Lottery.com Inc. (collectively the “Company” or “Lottery.com”) entered into a Sponsorship Agreement (the “Sponsorship”) with Sebastain Murray (“Murray”) the Scottish-born racing driver based in Dubai competing in the INDY NXT by Firestone series driving for the Andretti Cape Team. The Andretti Cape Team is part of Andretti Global and TWG Motorsports, led by Dan Towriss. The Sponsorship will be for the thirteen (13) remaining races in the 2025 season and includes: Vehicle branding (Lottery.com (rear wing), Sports.com (front wing)); branded driver overalls; co-branded Novara Cables assets; media rights for promotional use and social media activations (20 tagged posts); production rights to the content series: ‘Rookie Road’; monthly interviews; hospitality package including Best Endeavours for six passes per race; and Grid Walk access at three races. In consideration for this Sponsorship the Company shall pay fifty thousand U.S. dollars ($50,000) in cash paid in three tranches between now and the end of the season and fifty thousand U.S. dollars ($50,000) in Company common stock valued at three U.S. dollars ($3.00) per share or approximately 16,666 shares. The shares are to be restricted until the end of the 2025 Indy NXT Season. The Sponsorship does include a “Top-off” guarantee to ensure a minimum of fifty thousand U.S. dollars ($50,000) value when the restriction is lifted.
The above-described Sponsorship will be qualified in its entirety by the forms that will be filed and attached as exhibits to the Company’s forthcoming 10-Q.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Lottery.com Inc. | ||
| By: | /s/ Matthew McGahan | |
| Name: | Matthew McGahan | |
| Title: | Chief Executive Officer | |
May 2, 2025