Lion Group Holdings issues $3 million senior secured convertible note in subsequent offering
LGHL•Lion Group Holdings closed a subsequent offering of a senior secured convertible note with a $3 million principal amount. Net proceeds are earmarked for general working capital and Skyfame Realty’s restructuring in liquidation.
1. Use of proceeds
The proceeds will not be placed in a collateral account or used to purchase tokens, reversing the original plan under the purchase agreement. Management expects the Skyfame restructuring may require additional capital, and financing options are under review.
