Lion Group Holding Executes One-for-Nine Reverse ADS Split

The adjustment, slated for the effective date of July 14, 2026, will see investors receive one new ADS for every nine currently held. For those holding uncertificated shares through the Direct Registration System or The Depository Trust Company, the process will occur automatically without requiring investor intervention. Registered holders of certificated shares must surrender their certificates to the depositary bank to complete the exchange.

Trading for the company will continue under the ticker symbol LGHL on the Nasdaq Capital Market. While the company expects the trading price to increase proportionally following the change, it noted that there is no guarantee the market price will reach nine times the pre-split value. No fees are associated with the exchange, and any fractional entitlements will be aggregated, sold by the depositary, and distributed to shareholders as net cash proceeds after applicable expenses.