Lion Group plans reverse stock split effective November 26

Lion Group Holding Ltd. (NASDAQ: LGHL) announced plans to implement a reverse split of its American Depositary Shares effective November 26, 2025, according to a company statement.

The trading platform operator will change its ADS ratio from 2,500 Class A ordinary shares per ADS to 32,500 Class A ordinary shares per ADS. This change will function as a one-for-thirteen reverse ADS split for current shareholders.

Under the restructuring, ADS holders will receive one new ADS for every thirteen existing ADSs held. Holders of certificated ADSs must surrender their shares to the depositary bank for exchange, while holders of uncertificated ADSs in the Direct Registration System and The Depository Trust Company will have their shares automatically exchanged.

The company's ADSs will continue trading under the ticker symbol "LGHL" on the Nasdaq Capital Market. No fees will be charged to ADS holders for the exchange process.

Fractional entitlements to new ADSs will be aggregated and sold by the depositary bank, with net cash proceeds distributed to applicable ADS holders after deduction of fees, taxes and expenses. The change will not affect Lion's underlying Class A ordinary shares, and no ordinary shares will be issued or cancelled.

Lion stated that ADS trading prices are expected to increase proportionally following the ratio change, though the company provided no assurance that post-change prices will equal or exceed thirteen times the pre-change trading price.

The Singapore-based company operates a trading platform offering total return service trading, contract-for-difference trading, over-the-counter stock options trading, and futures and securities brokerage services.

You May Also Be Interested In

• Six Flags expands membership program to six additional parks
• Insmed (INSM) PT Lowered to $195 at RBC Capital
• Taylor Morrison stock acquisition by Berkshire spurs housing M&A talk