# Lion Announces Plan to Implement ADS Ratio Change

- Link: https://www.thailand-business-news.com/pr-news/lion-announces-plan-to-implement-ads-ratio-change
- Published: 2026-09-08T03:10:00+07:00
- Author: PR Newswire

SINGAPORE, Sept. 8, 2026 /PRNewswire/ — Lion Group Holding Ltd. ("Lion" or "the 
Company") (NASDAQ: [**LGHL**](https://www.prnewswire.com/news-releases/lion-announces-plan-to-implement-ads-ratio-change-302617840.html#financial-modal)),
operator of an all-in-one trading platform that offers a wide spectrum of products
and services, today announced that it plans to change the ratio of its American 
Depositary Shares ("ADSs") to its Class A ordinary shares (the "ADS Ratio"), par
value US$0.0000001 per share, from the current ADS Ratio of two hundred ninety-two
thousand and five hundred (292,500) Class A ordinary shares, to a new ADS Ratio 
of one (1) ADS to five million eight hundred and fifty thousand (5,850,000) Class
A ordinary shares (the "ADS Ratio Change"). The Company anticipates that the ADS
Ratio Change will be effective on or about September 10, 2026 (the "Effective Date").

For the Company’s ADS holders, the change in the ADS Ratio will have the same effect
as a one-for-twenty reverse ADS split. On the Effective Date, registered holders
of company ADSs held in certificated form will be required on a mandatory basis 
to surrender their certificated ADSs to the depositary bank for cancellation and
will receive one (1) new ADS in exchange for every twenty (20) existing ADSs then-
held. Holders of uncertificated ADSs in the Direct Registration System ("DRS") and
in The Depository Trust Company ("DTC") will have their ADSs automatically exchanged
and need not take any action. The exchange of every twenty existing ADSs for one(
1) new ADS will occur automatically, with existing ADSs being cancelled and new 
ADSs being issued by the depositary bank on the Effective Date.

Lion’s ADSs will continue to be traded under the ticker symbol "LGHL" on the Nasdaq
Capital Market. No fees will be charged to ADS holders, for both certificated or
uncertificated ADSs, in connection with the exchange of existing ADSs for new ADSs.
No fractional new ADSs will be issued in connection with the change in the ADS Ratio.
Instead, fractional entitlements to new ADSs will be aggregated and sold by the 
depositary bank and the net cash proceeds from the sale of the fractional ADS entitlements(
after deduction of fees, taxes and expenses) will be distributed to the applicable
ADS holders by the depositary bank. The ADS Ratio Change will have no impact on 
Lion’s underlying Class A ordinary shares, and no Class A ordinary shares will be
issued or cancelled in connection with the ADS Ratio Change.

As a result of the change in the ADS Ratio, Lion’s ADS trading price is expected
to increase proportionally, although the Company can give no assurance that the 
ADS trading price after the ADS Ratio Change will be equal to or greater than twenty(
20) times the ADS trading price before the change.

**About Lion Group Holding Ltd.**

Lion Group Holding Ltd. (Nasdaq: [**LGHL**](https://www.prnewswire.com/news-releases/lion-announces-plan-to-implement-ads-ratio-change-302617840.html#financial-modal))
operates an all-in-one, state-of-the-art trading platform that offers a wide spectrum
of products and services, including (i) total return service (TRS) trading, (ii)
contract-for-difference (CFD) trading, and (iii) Over-the-counter (OTC) stock options
trading. Additional information may be found at [**http://ir.liongrouphl.com**](http://ir.liongrouphl.com/).

**Forward-Looking Statements**

This press release contains, "forward-looking statements" within the meaning of 
Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking
statements are made under the "safe harbor" provisions of the U.S. Private Securities
Litigation Reform Act of 1995. Lion’s actual results may differ from their expectations,
estimates and projections and consequently, you should not rely on these forward-
looking statements as predictions of future events. Words such as "expect," "estimate,""
project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "
could," "should," "believes," "predicts," "potential," "might" and "continues," 
and similar expressions are intended to identify such forward-looking statements.
These forward-looking statements include, but are not limited to, statements about:
Lion’s goals and strategies; our ability to retain and increase the number of users,
members and advertising customers, and expand its service offerings; Lion’s future
business development, financial condition and results of operations; expected changes
in Lion’s revenues, costs or expenditures; competition in the industry; relevant
government policies and regulations relating to our industry; general economic and
business conditions globally and in China; and assumptions underlying or related
to any of the foregoing. Lion cautions that the foregoing list of factors is not
exclusive. Lion cautions readers not to place undue reliance upon any forward-looking
statements, which speak only as of the date made. Lion does not undertake or accept
any obligation or undertaking to release publicly any updates or revisions to any
forward-looking statements to reflect any change in its expectations or any change
in events, conditions or circumstances on which any such statement is based, subject
to applicable law. Additional information concerning these and other factors that
may impact our expectations and projections can be found in Lion’s periodic filings
with the SEC, including Lion’s Annual Report on Form 20-F for the fiscal year ended
December 31, 2025. Lion’s SEC filings are available publicly on the SEC’s website
at [**www.sec.gov**](http://www.sec.gov/).

**Contacts**

Lion Group Holding Ltd.
Tel: +65 8877 3871Email: [**ir@liongrouphl.com**](https://www.thailand-business-news.com/pr-news/ir@liongrouphl.com)

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