Lion to change ADS ratio in reverse split equivalent move

SINGAPORE - Lion Group Holding Ltd. (NASDAQ:LGHL) announced on Wednesday plans to change the ratio of its American Depositary Shares (ADSs) to Class A ordinary shares, effectively implementing a one-for-thirteen reverse ADS split. The micro-cap company, currently valued at just $2.04 million with its stock trading at $0.68 near its 52-week low, has seen its share price plummet by over 92% year-to-date according to InvestingPro data.

The trading platform operator will adjust its current ratio from one ADS representing 2,500 Class A ordinary shares to one ADS representing 32,500 Class A ordinary shares. The change is expected to take effect on November 26, 2025, just days after the company’s scheduled earnings release on November 21.

Under the new arrangement, ADS holders will receive one new ADS for every thirteen existing ADSs they currently hold. Registered holders of certificated ADSs will be required to surrender their certificates for cancellation, while holders of uncertificated ADSs will have their shares automatically exchanged.

Lion’s ADSs will continue trading under the ticker symbol "LGHL" on the Nasdaq Capital Market. The company stated that no fees will be charged to ADS holders in connection with the exchange.

Fractional new ADSs will not be issued. Instead, fractional entitlements will be aggregated and sold by the depositary bank, with net proceeds distributed to applicable ADS holders.

The company noted that the ADS ratio change will not impact its underlying Class A ordinary shares, and no such shares will be issued or cancelled in connection with the change.

While Lion expects its ADS trading price to increase proportionally as a result of the change, it cautioned that there is no guarantee the post-change trading price will equal or exceed thirteen times the pre-change price.

The information in this article is based on a company press release statement.

In other recent news, Lion Group Holding Ltd. announced plans to convert its cryptocurrency assets from Solana and Sui to Hyperliquid. This strategic move follows the launch of institutional custody solutions for Hyperliquid by BitGo Trust Company in the U.S. The company aims to gradually accumulate Hyperliquid tokens, leveraging market volatility to potentially reduce the average acquisition cost. In addition, Lion Group Holding has scheduled its Annual Shareholders’ Meeting for September 29, 2025. Shareholders of record as of September 2, 2025, will be eligible to vote on the matters detailed in the company’s recent SEC filing. The meeting will take place at the company’s office in Singapore. These developments highlight Lion Group Holding’s ongoing strategic and operational initiatives.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.