Mumbai, India, June 14, 2022 (GLOBE NEWSWIRE) — Lytus Technologies Holdings PTV. Ltd. (the “Company”), a platform technology services company with nearly 8 million users and with operations in the USA and India, today announced the pricing of its initial public offering of 2,609,474 common shares at a public offering price of $4.75 per share, for gross proceeds of approximately $12.4 million, before deducting offering expenses. In addition, the Company has granted the underwriters a 45 day option to purchase up to an additional 391,421 common shares at the initial public offering price, less the underwriting discount.
The shares are expected to begin trading on the Nasdaq Capital Market on June 15th, 2022 under the ticker symbol “LYT.” The offering is expected to close on June 17, 2022, subject to satisfaction of customary closing conditions.
Spartan Capital Securities, LLC and Pacific Century Securities, LLC are acting as joint book-runners for the offering.
A registration statement on Form F-1 (File No. 333-254943) relating to the common shares was filed with the Securities and Exchange Commission (the “SEC”) and became effective on June 14, 2022. This offering is being made only by means of a prospectus. Copies of the final prospectus, when available, may be obtained on the SEC’s website, www.sec.gov, or from Spartan Capital Securities, LLC, 45 Broadway – 19th Floor, New York, NY 10006, by phone at (212) 293-0123, or by email at…
