Lion Group Holding Ltd., operator of an all-in-one trading platform, announced plans to change its American Depositary Share ratio, effective on or about September 10, 2026. The ratio will shift from one ADS representing 292,500 Class A ordinary shares to one ADS representing 5,850,000 Class A ordinary shares, equivalent to a one-for-twenty reverse ADS split. Holders of certificated ADSs must surrender them for cancellation and will receive one new ADS for every twenty existing ones, while uncertificated holders will have their ADSs automatically exchanged. No fees will be charged, and no fractional new ADSs will be issued; instead, fractional entitlements will be sold and net proceeds distributed. The change will not affect the underlying Class A ordinary shares, and the ADS trading price is expected to increase proportionally, though no assurance is given.
Lion Group Holding LtdLion Group announces a one-for-twenty reverse ADS ratio change, a capital-structure event with no clear positive or negative implication.