Lytus Technologies Announces Reverse Stock Split to Meet NYSE Listing Requirements
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Lytus Technologies Holdings PTV. Ltd. announced a 1-for-2,500 reverse stock split effective September 26, 2025, to meet NYSE American listing requirements. This strategy aims to enhance the company's position for potential uplisting. Despite promising revenue growth, operational challenges and weak cash flow present risks, leading to a cautious outlook from analysts. Lytus Technologies focuses on streaming services and technology products in India and internationally, with a current market cap of $69.23M and average trading volume of 439,469 shares.
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