Lion Group Holding to Change ADS Ratio to 292,500 Class A Shares per ADS
LGHL•Lion Group Holding will change its ADS ratio from 32,500 to 292,500 Class A shares per ADS, a one-for-nine reverse split effective July 14, 2026. Registered ADS holders must surrender certificated shares while uncertificated ADSs convert automatically with no fees; fractional entitlements will be sold with net proceeds distributed.
1. ADS Ratio Change Details
Lion Group Holding will change its American Depositary Share ratio from 32,500 Class A ordinary shares per ADS to 292,500 Class A shares per ADS, effective on or about July 14, 2026. This change equates to a one-for-nine reduction in ADS outstanding to streamline share structure.
2. ADS Exchange Mechanics
On the Effective Date, registered certificated ADS holders must surrender existing ADSs to the depositary bank for cancellation and will receive one new ADS for every nine ADSs surrendered. Uncertificated ADSs in the Direct Registration System and in DTC will exchange automatically without any action or fee.
3. Expected Trading Impact
Lion’s ADSs will continue trading under the same ticker, with the post-split price expected to rise proportionally. No underlying Class A shares will be issued or cancelled, and fractional entitlements will be aggregated and sold, with net cash proceeds distributed to holders.
