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Lion Group: Skyfame creditor meeting expected Oct–Nov

Skyfame's proposed resumption process includes an expected creditor meeting and a tentatively scheduled court hearing; completion and trading resumption are not assured.

(Neutral)
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Lion Group Holding Ltd. (LGHL) noted updates to Skyfame Realty (Holdings) Limited’s proposed restructuring and resumption process. Lion Wealth Management Limited, Lion Group’s wholly owned subsidiary, entered an exclusivity agreement with Skyfame and its joint and several provisional liquidators in connection with the proposed restructuring.

Skyfame submitted a resumption proposal to The Stock Exchange of Hong Kong Limited on September 17, 2026, and applied for an extension of its remedial period to December 31, 2026. On September 18, 2026, the High Court of Hong Kong granted leave for Skyfame to convene a meeting of its scheme creditors to consider and, if thought fit, approve a proposed scheme of arrangement. The meeting is currently expected in late October or early November 2026, and the sanction hearing is tentatively scheduled for November 20, 2026. Lion Group said there can be no assurance that a restructuring will be completed or that trading in Skyfame’s shares will resume.

Positive

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Negative

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Resumption proposal submitted September 17, 2026 Date Skyfame submitted its proposal to The Stock Exchange of Hong Kong Limited
Extension requested to December 31, 2026 Skyfame applied to extend its remedial period to this date
Expected scheme-creditor meeting Late October or early November 2026 The meeting is currently expected during this period
Sanction hearing November 20, 2026 Tentatively scheduled date
Exclusivity agreement entered April 10, 2026 Lion Wealth, Skyfame, and its joint and several provisional liquidators
scheme of arrangement regulatory
"approve a proposed scheme of arrangement"
A scheme of arrangement is a legal agreement between a company and its shareholders or creditors to reorganize or settle debts, often to avoid bankruptcy or make big changes. It’s like a carefully planned handshake that everyone agrees to, helping the company stay afloat or improve its financial health.
scheme creditors regulatory
"a meeting of its scheme creditors"
remedial period regulatory
"applied for an extension of the remedial period"
A remedial period is a fixed span of time given to a company or contract party to fix a specific compliance failure or contract breach after being notified. It matters to investors because it postpones penalties like delisting, fines, or termination while the issue is corrected—think of it as a warranty period to repair a known problem before more severe consequences kick in.
sanction hearing regulatory
"the sanction hearing tentatively scheduled"
A sanction hearing is a formal proceeding where a regulator, exchange, or court examines alleged rule-breaking by a company or its people and decides whether to impose penalties such as fines, trading restrictions, or other corrective measures. Think of it like a referee reviewing a play to decide a penalty; the outcome can affect a company's cash flow, operations, leadership and public trust, so investors watch for potential financial impact and reputational risk.
joint and several provisional liquidators regulatory
"Skyfame and its joint and several provisional liquidators"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did LGHL report about Skyfame's resumption progress?

Skyfame submitted a resumption proposal to The Stock Exchange of Hong Kong Limited and applied for an extension of its remedial period to December 31, 2026. The High Court of Hong Kong also granted leave for Skyfame to convene a meeting of its scheme creditors to consider a proposed scheme of arrangement.

When is Skyfame's creditor meeting and sanction hearing expected?

Skyfame’s meeting of scheme creditors is currently expected in late October or early November 2026, and the sanction hearing is tentatively scheduled for November 20, 2026.

When did Lion Wealth enter its exclusivity agreement for the Skyfame restructuring?

Lion Wealth Management Limited entered the exclusivity agreement on April 10, 2026, with Skyfame and its joint and several provisional liquidators in relation to Skyfame’s proposed restructuring.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of September 2026

 

Commission File Number: 001-39301

 

LION GROUP HOLDING LTD.

 

Not Applicable

(Translation of registrant’s name into English)

 

Cayman Islands

(Jurisdiction of incorporation or organization)

 

10 Ubi Crescent, #06-51 (Office 12), Ubi Techpark

Singapore 408574, Lobby C

(Address of principal executive office)

 

Registrant’s phone number, including area code

+65 8877 3871

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F          Form 40-F 

 

 

 

 

Other Information

 

As previously disclosed on April 14, 2026, Lion Wealth Management Limited (“Lion Wealth”), a wholly owned subsidiary of Lion Group Holdings Ltd. (the “Company”), entered into an exclusivity agreement with Skyfame Realty (Holdings) Limited (In Liquidation) (Stock Code: 00059.HK) (“Skyfame”) and its joint and several provisional liquidators, in connection to a proposed restructuring of Skyfame to enable resumption of trading of Skyfame’s shares on The Stock Exchange of Hong Kong Limited.

 

On September 23, 2026, the Company issued a press release in connection with the announcement made by Skyfame on September 18, 2026 regarding updates on its resumption progress.

 

A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

 

Exhibits

 

The following exhibits are being filed herewith.

 

Exhibit   Description
99.1   Press release, dated September 23, 2026

 

1

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Date: September 23, 2026

 

  LION GROUP HOLDING LTD.
   
  By: /s/ Chunning Wang
  Name:  Chunning Wang
  Title: Chief Executive Officer and Director

 

2

 

 

Exhibit 99.1

 

Lion Group Notes Progress on Proposed Restructuring of Skyfame Realty (Holdings) Limited (In Liquidation)

 

SINGAPORE, September 23, 2026/PRNewswire/ – Lion Group Holding Ltd. (NASDAQ: LGHL) (“Lion Group” or the “Company”) notes the announcement made by Skyfame Realty (Holdings) Limited (In Liquidation) (Stock Code: 00059) (“Skyfame”) on 18 September 2026 regarding updates on its resumption progress.

 

According to Skyfame’s announcement:

 

On 17 September 2026, Skyfame submitted a resumption proposal to The Stock Exchange of Hong Kong Limited and applied for an extension of the remedial period to 31 December 2026.

 

On 18 September 2026, the High Court of Hong Kong granted leave for Skyfame to convene a meeting of its scheme creditors to consider and, if thought fit, approve a proposed scheme of arrangement. The scheme meeting is currently expected to be held in late October or early November 2026, with the sanction hearing tentatively scheduled for 20 November 2026.

 

As previously announced by Skyfame on 13 April 2026, Lion Wealth Management Limited, a wholly-owned subsidiary of Lion Group, entered into an exclusivity agreement with Skyfame and its joint and several provisional liquidators on 10 April 2026 in relation to a proposed restructuring of Skyfame.

 

There can be no assurance that any restructuring will be completed or that trading in Skyfame’s shares will resume. Lion Group will continue to monitor developments and will provide further updates as and when appropriate.

 

 

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 swap (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 its 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 participation in the restructuring of Skyfame and the potential return/loss from the restructuring; Lion’s goals and strategies; Lion’s 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 Lion’s industry; general economic and business conditions globally; crypto asset management operations; 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 Lion’s 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, 2024. 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

 

 

Filing Exhibits & Attachments

1 document

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