Lion Announces Plan to Implement ADS Ratio Change
Lion (NASDAQ: LGHL) plans to change its ADS ratio from 1 ADS representing 32,500 Class A ordinary shares to 1 ADS representing 292,500 shares, effective on or about July 14, 2026.
Sentiment and the balance of points
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Rhea-AI Summary
Lion (NASDAQ: LGHL) plans to change its ADS ratio from 1 ADS representing 32,500 Class A ordinary shares to 1 ADS representing 292,500 shares, effective on or about July 14, 2026.
This functions as a one-for-nine reverse ADS split, with no change to underlying ordinary shares.
Positive
- One-for-nine reverse ADS split expected to raise ADS trading price proportionally
- No fees charged to ADS holders for exchanging existing ADSs
- ADSs continue trading on Nasdaq under ticker LGHL
- ADS ratio change does not issue or cancel any Class A ordinary shares
Negative
- One-for-nine reverse ADS split reduces number of ADSs held
- Fractional ADS entitlements will be sold for cash, not issued as ADSs
- Company gives no assurance post-change ADS price will equal nine times prior price
Details
Market move: LGHL -25.22% in the Jul 10 session. ADS ratio change
On Jul 10, the first trading day after this news, LGHL closed 25.22% below the previous close. Argus tracked a trough of -25.0% from its starting point during tracking. Our momentum scanner recorded 29 alerts for this stock that day.
Data tracked by StockTitan Argus for the Jul 10 session.
Key Figures
- Current ADS ratio
- 32,500 Class A shares per ADS
- Existing ADS Ratio before announced change
- New ADS ratio
- 292,500 Class A shares per ADS
- Planned ADS Ratio after change
- Par value
- US$0.0001 per share
- Par value of Class A ordinary shares referenced in ADS Ratio
- Reverse ADS split
- 1-for-9
- ADS Ratio Change has same effect for ADS holders
- ADS exchange ratio
- 1 new ADS for 9 existing ADSs
- Exchange mechanics on Effective Date
- Effective date
- July 14, 2026
- Anticipated effectiveness of ADS Ratio Change
- Price multiple reference
- 9×
- Company notes trading price expected to be nine times prior level, without assurance
- Fractional ADS treatment
- Aggregated and sold for cash
- Net proceeds from fractional ADSs distributed to holders
Historical Context
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Stock-for-participation arrangement for up to US$12M Indonesian stablecoin stake.
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Non-binding MOU to acquire 100% of Aquila Hash AI infrastructure platform.
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Strategic cooperation with Meili Capital targeting digital assets and Web3–AI sectors.
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Reaffirmed holding 193,775 HYPE tokens valued at about US$11.9M.
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Six‑month exclusivity to negotiate Skyfame Realty restructuring towards HKEX trading resumption.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
ads ratio financial
reverse ads split financial
direct registration system financial
the depository trust company financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
For the Company's ADS holders, the change in the ADS Ratio will have the same effect as a one-for-nine 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 nine (9) 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 nine 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 nine (9) times the ADS trading price before the change.
About Lion Group Holding Ltd.
Lion Group Holding Ltd. (Nasdaq: LGHL) 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.
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.
Contacts
Lion Group Holding Ltd.
Tel: +65 8877 3871
Email: ir@liongrouphl.com
View original content:https://www.prnewswire.com/news-releases/lion-announces-plan-to-implement-ads-ratio-change-302822042.html
SOURCE Lion Group Holding Ltd.
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