Lytus Technologies Holdings Ptv Ltd. has announced a new compensation agreement involving the issuance of equity securities. On July 3, 2025, the company issued 3,800,000,000 restricted common shares to the Lytus Trust, an entity controlled by CEO Dharmesh Pandya. These shares are intended to be allocated to the company's management and employees as compensation for their services. Additionally, on July 7, 2025, Lytus Technologies entered into purchase agreements with two investors, selling a total of 965,000,000 common shares at $0.016 per share, raising $15,440,000 in gross proceeds. The funds are earmarked for working capital and other board-approved purposes.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lytus Technologies Holdings Ptv Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-064443), on July 16, 2025, and is solely responsible for the information contained therein.