Singapore – September 10, 2026 -- Lion Group Holding Ltd. (NASDAQ: LGHL) will change the ratio of its American Depositary Shares to Class A ordinary shares, effectively executing a one-for-twenty reverse ADS split on or about September 10, 2026.
Lion resets ADS ratio from 292,500 to 5.85 million shares per ADS
The trading platform operator will move its ADS Ratio from the current one ADS representing 292,500 Class A ordinary shares to one ADS representing 5,850,000 Class A ordinary shares. Par value on the underlying shares remains US$0.0000001. The change affects only the ADS-to-share ratio; no Class A ordinary shares will be issued or cancelled as a result.
Holders will receive one new ADS for every twenty existing ADSs
On the Effective Date, holders of certificated ADSs must surrender them to the depositary bank for mandatory cancellation and exchange, receiving one new ADS per twenty held. Holders through the Direct Registration System and The Depository Trust Company will have their positions adjusted automatically with no action required. The depositary bank will process the cancellation and reissuance without charging fees to ADS holders.
Fractional entitlements will be cashed out, not issued as shares
No fractional new ADSs will be created. Fractional entitlements will instead be aggregated and sold by the depositary bank, with net cash proceeds, after fees, taxes and expenses, distributed to affected holders.
LGHL ticker stays on Nasdaq Capital Market post-split
Lion's ADSs will continue trading under the symbol "LGHL" following the ratio change. The company expects the ADS trading price to rise proportionally but offers no assurance that the post-change price will reach or exceed twenty times the pre-change level.