Lion Group Plans to Change American Depositary Share Ratio
Lion Group Holding Ltd. announced its intention to alter the ratio of its American Depositary Shares (ADSs) to its Class A ordinary shares. The change is expected to become effective around July 14, 2026.
Lion Group Holding Ltd., which operates an all-in-one trading platform, has announced plans to change the ratio of its American Depositary Shares (ADSs) to its Class A ordinary shares. This adjustment, referred to as the "ADS Ratio Change," is anticipated to take effect on or about July 14, 2026.
The current ratio of 32,500 Class A ordinary shares per ADS will be modified to a new ratio of 292,500 Class A ordinary shares per ADS. For ADS holders, this change is equivalent to a one-for-nine reverse ADS split.
Registered holders of certificated ADSs will be required to surrender their existing ADSs to the depositary bank for exchange. On the effective date, nine existing ADSs will be exchanged for one new ADS. Holders of uncertificated ADSs within the Direct Registration System (DRS) and The Depository Trust Company (DTC) will experience an automatic exchange.
The company expects that the ADS trading price will increase proportionally following the ratio change. Lion's ADSs will continue to trade under the ticker symbol "LGHL" on the Nasdaq Capital Market. No fees will be charged to ADS holders for the exchange. Fractional new ADSs will not be issued; instead, proceeds from the sale of fractional entitlements will be distributed to the relevant holders. The change is not expected to impact the company's underlying Class A ordinary shares.