#Singapore #ADS Ratio #Lion Group #LGHL

Lion Group Holding Ltd. Announces ADS Ratio Change

Lion Group Holding Ltd. (NASDAQ: LGHL), known for its comprehensive trading platform, has declared its intentions to modify the ratio of its American Depositary Shares (ADSs) to Class A ordinary shares. This announcement was made public on November 19, 2025, and will take effect around November 26, 2025.

What Are ADSs?

American Depositary Shares are a way for international companies to trade on U.S. exchanges. One ADS represents a specific number of shares in the company. In this case, Lion is changing its ADS ratio from 2,500 Class A ordinary shares per ADS to 32,500 shares per ADS. This adjustment corresponds to a one-for-thirteen reverse ADS split, meaning holders of ADS will need to exchange their existing shares for the new ratio on the effective date, or have their ADS automatically updated if their shares are uncertificated.

Implications for Shareholders

For investors holding certificated ADSs, they will need to surrender their shares to the depositary bank for cancellation, receiving one new ADS for every thirteen they currently hold. However, those with uncertificated ADSs registered in systems such as the Direct Registration System (DRS) will not need to perform any action; the exchange will occur automatically. It is crucial to note that no fees will be levied on both certificated and uncertificated ADS holders for the conversion.

Lion's intention behind changing the ADS ratio aims to make trading more efficient and potentially increase the trading price of its ADSs. While the company anticipates a proportional increase in the ADS price post-change, caution is warranted as past performance does not necessarily predict future results.

Trading Continuity

Despite the alteration in the ADS ratio, trading under the ticker symbol LGHL will remain uninterrupted. The underlying Class A ordinary shares will not incur any changes as a result of this modification, ensuring that investors' holdings in Class A shares remain intact.

Additionally, while fractional new ADSs will not be issued, the depositary bank will aggregate those entitlements and sell them. The resultant cash will be distributed to the relevant ADS holders, ensuring a smooth and beneficial transition.

Conclusion

Lion Group’s adjustment in its ADS ratio signals a strategic move towards facilitating improved trading conditions for its investors. This means that while shareholders will undergo an exchange of their ADSs, such actions will not alter the underlying value of their holdings. As a company committed to providing a versatile trading platform, Lion Group continues to navigate the complexities of the financial marketplace, seeking to enhance shareholder value.

About Lion Group Holding Ltd.

Lion Group Holding Ltd. operates a cutting-edge trading platform that encompasses diverse services including total return service trading, contract-for-difference trading, and futures brokerage. For more detailed information, visit their official investor relations page.