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Lion Announces Plan to Implement ADS Ratio Change
Lion Group Holding Ltd. plans to change its ADS Ratio from 292,500 Class A ordinary shares per ADS to one ADS for 5,850,000 Class A ordinary shares on or about September 10, 2026.
This ADS Ratio Change will act as a one-for-twenty reverse ADS split for the company's ADS holders, requiring certificated ADS holders to exchange twenty old ADSs for one new ADS on the effective date.
The change will not affect Lion Group Holding Ltd.'s underlying Class A ordinary shares, and no shares will be issued or cancelled due to the change.
Lion Group Holding Ltd.'s ADSs will continue to trade under the ticker LGHL on Nasdaq after the change.