Street Calls of the Week
DUBAI - Lytus Technologies Holdings PTV. Ltd. (OTCQB:LYTHF) announced Thursday it will implement a 1-for-2,500 reverse stock split of its common shares, effective at market open on September 26, 2025. The announcement comes as the stock trades at $0.02, having declined nearly 98% year-to-date, according to InvestingPro data.
The company, which provides platform services primarily in India, stated the reverse split aims to increase its share price to meet NYSE American initial listing requirements as part of its uplisting strategy. With a current market capitalization of $69.23 million and annual revenue of $23.13 million, the company maintains a FAIR financial health score according to InvestingPro analysis.
"The primary purpose of the reverse stock split is to increase the market price of our common shares in an effort to, among other things, satisfy certain NYSE American initial listing requirements," said Dharmesh Pandya, Chief Executive Officer of Lytus Technologies.
The company will continue trading under its existing symbol "LYTHF" on the OTCQB with a new CUSIP number G5851A141. According to the press release, the split will not alter shareholders’ relative rights or percentage interests, except for fractional shares, which will be rounded up to the next whole number.
VStock Transfer LLC will serve as the transfer agent for the stock split. Shareholders holding shares in brokerage accounts or street name will not need to take action, while certificate holders will receive instructions from the transfer agent.
Lytus Technologies describes itself as a platform services company operating primarily in India, focusing on linear content streaming services and technology product development in telemedicine and fintech sectors.
The announcement comes as the company pursues its goal of transitioning from the OTCQB market to a national securities exchange listing.
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