Lytus Technologies Holdings PTV. Ltd. filed a Form S-8 registration statement to register 1,000,000 additional common shares, par value $0.01 per share, for issuance under its 2023 Employee Incentive Plan, as amended. The board of directors approved an increase in the number of common shares authorized for issuance under this plan from 10,000,000 to 110,000,000, of which 1,000,000 shares are being registered in this filing.
The company is using General Instruction E of Form S-8, which allows it to register additional securities for an existing employee benefit plan by incorporating prior S-8 registration statements by reference. The filing also describes indemnification provisions for directors and officers under British Virgin Islands law and lists exhibits, including the plan documents and related legal opinions and consents.
Lytus Technologies Holdings PTV. Ltd. is implementing a 1-for-2,500 reverse stock split of its common shares. Every 2,500 existing shares will be combined into one share, with any fractional entitlements rounded up so holders receive a whole share.
The split is expected to become effective and begin trading on a split-adjusted basis on the OTCQB on September 26, 2025 under the symbol LYTHF. As a result, outstanding common shares will decrease from 4,944,997,491 to approximately 1,978,039, while authorized shares remain at 5,000,000,000 and par value stays at $0.01 per share.
The company states it is effecting the reverse split to increase its per-share trading price in an effort to meet NYSE American minimum bid price requirements for an initial listing, though it notes there is no guarantee it will satisfy these or any other listing standards. Convertible securities will be adjusted on the same ratio, and shareholders holding in street name or book-entry will not need to take action.