Lytus Technologies Holdings PTV. Ltd. announced that it has entered into a security purchase agreement to issue 1,004 series A convertible preferred share at a price of $452.320717 per share and preferred warrants and common warrants. for the gross proceeds of $454,130 on August 31, 2023.

The preferred warrants will be exercisable into 8,235 series A preferred shares at an exercise price of $850.00 per series A preferred share, The common warrants will be exercisable into an aggregate of 3,182,250 common shares at an exercise price of $0.44 per common share of the company. The transaction will include participation from returning investor, Walleye Opportunities Master Fund Ltd, a fund managed by, Walleye Capital LLC.