Lytus Technologies Holdings PTV. Ltd. announces 1 for 60 Reverse Stock Split
Lytus Technologies Holdings PTV. Ltd. - Common Shares (LYT)
Company Research
Source: GlobeNewswire
Dubai, UAE, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Lytus Technologies Holdings PTV. Ltd. (the “Company”) (Nasdaq:LYT), a leading global technology-driven services company, today announced that on February 5th, 2024, the Board of Directors of the Company approved a reverse stock split (the “Reverse Split”) of its authorized, issued and outstanding ordinary shares, par value $0.01 per share, at a ratio of 1-for-60 so that every 60 shares currently authorized and issued is combined into one (1) share. Shareholders otherwise entitled to receive a fractional share as a result of the Reverse Split will receive a whole share in lieu of such factional share. In connection with the Reverse Split, a vote of the shareholders of the Company is not required and as such, no shareholder vote or meeting of shareholders will be held. The Reverse Split will be effected by filing amendments with the Registrar of Corporate Affairs of the British Virgin Islands. The Company intends to file the amendments
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News
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- Lytus Technologies Enters $326 Billion Data Center Market with Launch of Cutting-Edge Lytus Cloud Infrastructure Services [Yahoo! Finance]Yahoo! Finance
- Lytus Technologies Enters $326 Billion Data Center Market with Launch of Cutting-Edge Lytus Cloud Infrastructure ServicesGlobeNewswire
LYT
Sec Filings
- 4/11/24 - Form 6-K
- 2/26/24 - Form 6-K
- 2/15/24 - Form 6-K
- LYT's page on the SEC website