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Lytus Technologies (OTCQB: LYTHF) has announced a 1-for-2,500 reverse stock split of its common shares, scheduled to take effect on September 26, 2025. The company will continue trading under the symbol "LYTHF" with a new CUSIP number G5851A141.
The primary objective of this corporate action is to increase the market price of common shares to meet NYSE American initial listing requirements as part of the company's uplisting strategy. The reverse split will affect all shareholders uniformly, with fractional shares being rounded up to the next whole number at the participant level.
Shareholders holding shares in brokerage accounts or "street name" require no action, while certificate holders will receive instructions from VStock Transfer LLC regarding the exchange process.
Lytus Fintech (OTCMKTS: LYTHF) has announced the integration of XRP into its NexFi digital wallet platform, marking a significant expansion of its cryptocurrency capabilities. The integration aims to leverage XRP's low-cost, high-speed transaction framework for cross-border settlements and liquidity management.
The company, with an addressable customer base of over 5 million individuals in India, is targeting the Middle East region's cryptocurrency market. The integration provides access to over 100+ global liquidity corridors, positioning Lytus to capitalize on remittance-heavy markets while establishing new revenue streams through transaction and conversion services.
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