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Lion Announces Plan to Implement ADS Ratio Change
Lion Group Holding Ltd. plans to change its ADS ratio from 32,500 Class A ordinary shares per ADS to one ADS for 292,500 Class A ordinary shares by July 14, 2026.
This ratio change will have the effect of a one-for-nine reverse split for the company's ADS holders.
On the effective date, holders of certificated ADSs must surrender their shares and will receive one new ADS for every nine ADSs held.
Lion's ADSs will continue trading under the ticker 'LGHL' on Nasdaq with no change to the underlying Class A ordinary shares.