Lion Group Holding (LGHL) Announces New SPAC Company, Plans for Future Deals

March 8, 2021 7:31 AM EST

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Lion Group Holding Ltd. ("Lion" or "the Company") (NASDAQ: LGHL), operator of an all-in-one trading platform that offers a wide spectrum of products and services with a focus on Chinese investors, today announced it signed engagement letters with Maxim Group LLC and Loeb & Loeb LLP to form a second SPAC company, Aquarius I Acquisition Corp.

This news follows Lion's recent announcement of its forming a SPAC company Skyline I Acquisition Corp. through its subsidiary Lion Wealth Management Limited, in cooperation with Constant Epoch Technology Development Limited and Ruoxi Ltd..

Lion intends to evolve and develop SPAC sponsorship into a key business segment with plans to sponsor at least one more SPAC by the end of 2021. The Company intends to build a professional SPAC sponsorship team and become a leader in the industry.

Mr. Chunning (Wilson) Wang, Chief Executive Officer of Lion, commented: "As one of the first SPACs to originate from the Asia region, Lion has firsthand experience with SPAC mergers and sufficient financial resources. Our board and management team have broad connections in various industry circles in Asia, such as internet technology, software, fintech, and other areas. Lion is able to select good-quality, private companies that intend to go public and assist them in their listing journey, which will also create value for Lion and our shareholders."

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