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Lion Group Holding Ltd. Undergoes Reverse Stock Split to Meet Nasdaq Requirements
Mar 26, 2025 4:06 AM - Andrew Wynn
Image credit: Google Images
- Lion Group Holding Ltd. (NASDAQ:LGHL) announces a reverse stock split at a ratio of 50 for 1 to meet Nasdaq's minimum bid price requirement.
- The adjustment changes the ADS to Class A ordinary shares ratio, aiming to stabilize the stock price and improve the company's market standing.
- LGHL's stock has shown significant volatility over the past year, with a current market capitalization of approximately $9.98 million and a trading volume of 716,808 shares.
Lion Group Holding Ltd. (NASDAQ:LGHL) is a Hong Kong-based company that operates a comprehensive trading platform. On March 26, 2025, LGHL will undergo a reverse stock split at a ratio of 50 for 1. This move is part of the company's strategy to adjust its American Depositary Shares (ADSs) to Class A ordinary shares ratio, changing from one ADS to fifty Class A ordinary shares to one ADS to two thousand five hundred Class A ordinary shares.
This adjustment is expected to function similarly to a one-for-fifty reverse ADS split. The primary goal of this change is to help LGHL meet the Nasdaq minimum bid price requirement. Currently, LGHL's stock price is $0.074, reflecting a 2.78% increase with a change of $0.002. The stock has fluctuated between a low of $0.0688 and a high of $0.075 today.
Over the past year, LGHL's stock has experienced significant volatility, reaching a high of $44.80 and a low of $0.0688. The company's market capitalization is approximately $9.98 million, with a trading volume of 716,808 shares on the NASDAQ exchange. This reverse stock split is a strategic move to stabilize the stock price and improve the company's standing on the exchange.
By implementing this reverse stock split, LGHL aims to enhance its stock's appeal to investors and ensure compliance with Nasdaq's listing requirements. The adjustment is expected to take effect around March 26, 2025, as highlighted by PR Newswire. This move is crucial for LGHL to maintain its presence on the NASDAQ exchange and continue its operations effectively.
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