Lytus Technologies Holdings Priced 2.61M Share IPO @$4.75/Share

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.

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.

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