getmoreshares
4 weeks ago
On February 3, 2025, Lytus Technologies Holdings PTV. Ltd., a British Virgin Islands company (“Lytus” or the “Company”) entered into a Standby Equity Purchase Agreement (the “SEPA”) with YA II PN, LTD., a Cayman Islands exempt limited company (the “Investor”). Capitalized terms used herein, but not otherwise defined, have the meaning ascribed to such terms in the SEPA, a copy of which is filed herewith as Exhibit 10.1.
Pursuant to the SEPA, the Company has the right to sell to the Investor up to $100 million of its common shares, subject to certain limitations and conditions set forth in the SEPA, from time to time during the term of the SEPA. Sales of the common shares to the Investor under the SEPA, and the timing of any such sales, are at the Company’s option, and the Company is under no obligation to sell any common shares to the Investor under the SEPA except in connection with notices that may be submitted by the Investor, in certain circumstances as described below.
getmoreshares
4 weeks ago
right to sell to the Investor up to $100 million of its common shares, subject to certain limitations and conditions set forth in the SEPA, from time to time during the term of the SEPA. Sales of the common shares to the Investor under the SEPA, and the timing of any such sales, are at the Company’s option, and the Company is under no obligation to sell any common shares to the Investor under the SEPA except in connection with notices that may be submitted by the Investor, in certain circumstances as described below.