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Lytus Technologies Holdings PTV. Ltd. Announces 1-for-2,500 Reverse Stock Split
Globenewswireยท 2025-09-25 22:09
Core Viewpoint - Lytus Technologies Holdings PTV. Ltd. plans to implement a reverse stock split at a ratio of 1-for-2,500 to increase the market price of its common shares and meet NYSE American listing requirements [1][3]. Company Announcement - The reverse stock split will take effect on September 26, 2025, and trading will commence on a split-adjusted basis under the existing symbol "LYTHF" [2]. - The new CUSIP number for the common shares post-split will be G5851A141 [2]. Purpose of the Reverse Stock Split - The primary goal of the reverse stock split is to enhance the market price of the shares, which is essential for the company to pursue uplisting to a national securities exchange [3]. Shareholder Information - VStock Transfer LLC will act as the transfer agent and will provide instructions to shareholders regarding the exchange of shares [3]. - Shareholders holding shares in book-entry form or brokerage accounts will not need to take any action for the exchange [3]. Fractional Shares - No fractional common shares will be issued; any resulting fractional shares will be rounded up to the next whole number [4]. Company Overview - Lytus Technologies Holdings PTV. Ltd. operates primarily in India, focusing on platform services, including linear content streaming and technology product development in telemedicine and fintech [5]. - The company aims to consolidate its subscriber base for future technology services while enhancing its technology platform for improved service delivery [5]. - Lytus is involved in various sectors, including digital streaming, HealthTech, fintech, AI, and cybersecurity, and operates in both domestic and international markets [5].