Lytus Technologies Secures $10M Equity Purchase Agreement
Ticker: LYTHF · Form: 6-K · Filed: Feb 4, 2025 · CIK: 1816319
| Field | Detail |
|---|---|
| Company | Lytus Technologies Holdings Ptv. Ltd. (LYTHF) |
| Form Type | 6-K |
| Filed Date | Feb 4, 2025 |
| Risk Level | medium |
| Pages | 8 |
| Reading Time | 10 min |
| Key Dollar Amounts | $100 million, $6,000,000, $5,000,000, $1,000,000, $0.7048 |
| Sentiment | neutral |
Sentiment: neutral
Topics: equity-financing, capital-raise, standby-agreement
TL;DR
Lytus just inked a $10M equity deal, giving them cash options over 3 years.
AI Summary
Lytus Technologies Holdings PTV. Ltd. announced on February 3, 2025, that it has entered into a Standby Equity Purchase Agreement. This agreement allows Lytus to sell up to $10 million of its ordinary shares to an investor over a period of 36 months, providing potential future capital for the company.
Why It Matters
This agreement provides Lytus Technologies with a flexible mechanism to raise capital, potentially funding future growth initiatives or operational needs.
Risk Assessment
Risk Level: medium — Standby equity agreements can dilute existing shareholders and may indicate the company's need for capital, which could signal underlying financial pressures.
Key Numbers
- $10.0M — Standby Equity Purchase Facility (Potential capital Lytus can raise over 36 months)
Key Players & Entities
- Lytus Technologies Holdings PTV. Ltd. (company) — The company entering the agreement
- $10 million (dollar_amount) — Maximum amount of shares that can be sold
- February 3, 2025 (date) — Date the agreement was entered into
- 36 months (duration) — Period over which shares can be sold
FAQ
What is the maximum amount Lytus Technologies can raise under the Standby Equity Purchase Agreement?
Lytus Technologies can sell up to $10 million of its ordinary shares under the agreement.
When was the Standby Equity Purchase Agreement entered into?
The agreement was entered into on February 3, 2025.
What is the duration of the Standby Equity Purchase Agreement?
The agreement allows Lytus to sell shares over a period of 36 months.
Who is the counterparty to the Standby Equity Purchase Agreement?
The filing does not specify the name of the investor in the Standby Equity Purchase Agreement.
What type of shares can Lytus Technologies sell under this agreement?
Lytus Technologies can sell its ordinary shares.
Filing Stats: 2,465 words · 10 min read · ~8 pages · Grade level 14.8 · Accepted 2025-02-04 17:14:32
Key Financial Figures
- $100 million — the right to sell to the Investor up to $100 million of its common shares, subject to certai
- $6,000,000 — to the Company the principal amount of $6,000,000 (the "Pre-Paid Advance"), which shall b
- $5,000,000 — vance shall be in a principal amount of $5,000,000 and was advanced on the Effective Date
- $1,000,000 — vance shall be in a principal amount of $1,000,000 and shall be advanced on the second tra
- $0.7048 — he conversion price of the lower of (i) $0.7048 per common share, or (ii) 93% of the lo
- $0.1236 — ll not be lower than the floor price of $0.1236 (the "Floor Price"). Advances . Upon t
- $25,000 — gnee a structuring fee in the amount of $25,000, and the Company is obligated to pay a
Filing Documents
- ea0229798-6k_lytus.htm (6-K) — 33KB
- ea022979801ex10-1_lytus.htm (EX-10.1) — 301KB
- ea022979801ex10-2_lytus.htm (EX-10.2) — 109KB
- ea022979801ex10-3_lytus.htm (EX-10.3) — 81KB
- ea022979801ex10-4_lytus.htm (EX-10.4) — 24KB
- ea022979801ex99-1_lytus.htm (EX-99.1) — 9KB
- 0001213900-25-010143.txt ( ) — 559KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: February 4, 2025 Lytus Technologies Holdings PTV. Ltd. By: /s/ Dharmesh Pandya Name: Dharmesh Pandya Title: Chief Executive Officer 4