Lion Announces Plan to Implement ADS Ratio Change
Lion Group Holding (NASDAQ: LGHL) plans to change its ADS ratio from 292,500 Class A ordinary shares per ADS to 1 ADS per 5,850,000 shares, effective on or about September 10, 2026. For ADS holders the move functions as a one-for-twenty reverse ADS split: every 20 existing ADSs will be exchanged for 1 new ADS with no fees, while fractional entitlements are sold by the depositary and the net cash proceeds distributed.
Key figures
- New ads ratio
- 1 ADS to 5,850,000 Class A ordinary shares
- Old ads ratio
- 292,500 Class A ordinary shares per ADS
- Effective date
- on or about September 10, 2026
- Reverse split ratio
- 1:20
AI analysis
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