Lytus Technologies Adjusts Market Strategy and Transition to OTC Markets
Lytus Technologies Adjusts Market Strategy and Transition to OTC Markets |
| [31-March-2025] |
DUBAI, UAE, March 31, 2025 /PRNewswire/ -- Lytus Technologies Holdings PTV. Ltd. (OTC: LYTHF), a technology-forward platform services company, today announced its shares began trading on OTC Markets under the symbol LYTFH.  "Listing on OTC Markets will offer the same market access and transparency to our investors while allowing us to redirect resources toward expanding our platform services, HealthTech innovation, and digital infrastructure," said Dharmesh Pandya, CEO of Lytus Technologies. "Our mission remains unchanged: to deliver value through next-generation technology solutions while scaling our operations across India and beyond." The company has filed for its shares to trade on the OTCQB tier of OTC Markets. This strategic move reflects Lytus' commitment to operational efficiency and capital optimization, enabling the company to focus resources on growth and innovation. Trading on the OTCQB, a leading market for entrepreneurial and growth-stage companies, will provide current and future investors with continued liquidity, transparency, and access to the company's shares. Reinforcing a Strong Growth Trajectory Continued Innovation Across HealthTech and AI To support these initiatives, Lytus has secured up to $100 million in strategic financing through a Standby Equity Purchase Agreement (SEPA), with $6 million already drawn to accelerate platform development, scale operations, and invest in new technologies. Potential Future Relisting Looking Ahead About Lytus Technologies Cautionary Statement Regarding Forward-Looking Statements Certain statements made in this release are "forward-looking statements" within the meaning of the "safe harbour" provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "should," "future," "propose" and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements, including but not limited to that the Company will be able to maintain its listing on The Nasdaq Stock Market, are not a guarantee of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions you that actual results may differ materially from the anticipated results expressed or implied by the forward-looking statements we make. You should not rely upon forward-looking statements as predictions of future events. Forward-looking statements represent our management's beliefs and assumptions only as of the date such statements are made. These forward-looking statements are made as of the date of this news release. For more information about Lytus, please visit https://www.lytuscorp.com/. Media Contact: Logo: https://mma.prnewswire.com/media/2409645/5218590/Lytus_Technologies_Logo.jpg
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Company Codes: NASDAQ-NMS:LYT |
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