HONG
KONG, April 19, 2024 /PRNewswire/ -- Lion
Group Holding Ltd. ("Lion" or "the Company") (NASDAQ: LGHL), the
operator of an all-in-one trading platform that offers a wide
spectrum of products and services, today announced that
on April 18, 2024, it received a delinquency notification
letter from the Listing Qualifications Staff of the Nasdaq
Stock Market LLC due to the Company's non-compliance with
Nasdaq Listing Rule 5550(a)(2), as the bid price of the Company's
ordinary shares on the Nasdaq Capital Market was
below $1.00 for 30 consecutive business days,
from March 5, 2024 to date.
The Company is addressing the matter and is working to regain
compliance within the 180 calendar day compliance period under
Nasdaq rules.
Please refer to the Company's Report on Form 6-K filed with
the Securities and Commission on April 19,
2023 for further information.
About Lion Group Holding Ltd.
Lion Group Holding Ltd. (Nasdaq: LGHL) operates an
all-in-one, state-of-the-art trading platform that offers a wide
spectrum of products and services, including (i) total return
service (TRS) trading, (ii) contract-for-difference (CFD) trading,
(iii) Hong Kong-based
over-the-counter (OTC) stock options trading, and (iv) futures and
securities brokerage. In addition, Lion owns a professional and
experienced SPAC sponsorship team to become a leader in the SPAC
arena, helping guide private companies through their listing
journey. Additional information may be found
at http://ir.liongrouphl.com.
Forward-Looking Statements
This press release contains, "forward-looking statements" within
the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. Lion's actual results may
differ from their expectations, estimates and projections and
consequently, you should not rely on these forward-looking
statements as predictions of future events. Words such as "expect,"
"estimate," "project," "budget," "forecast," "anticipate,"
"intend," "plan," "may," "will," "could," "should," "believes,"
"predicts," "potential," "might" and "continues," and similar
expressions are intended to identify such forward-looking
statements. These forward-looking statements include, but are not
limited to, statements about: Lion's goals and strategies; our
ability to retain and increase the number of users, members and
advertising customers, and expand its service offerings; Lion's
future business development, financial condition and results of
operations; expected changes in Lion's revenues, costs or
expenditures; the impact of COVID-19; competition in the industry;
relevant government policies and regulations relating to our
industry; general economic and business conditions globally and
in China; and assumptions underlying or related to any of the
foregoing. Lion cautions that the foregoing list of factors is not
exclusive. Lion cautions readers not to place undue reliance upon
any forward-looking statements, which speak only as of the date
made. Lion does not undertake or accept any obligation or
undertaking to release publicly any updates or revisions to any
forward-looking statements to reflect any change in its
expectations or any change in events, conditions or circumstances
on which any such statement is based, subject to applicable law.
Additional information concerning these and other factors that may
impact our expectations and projections can be found in Lion's
periodic filings with the SEC, including Lion's Annual Report on
Form 20-F for the fiscal year ended December 31, 2022. Lion's
SEC filings are available publicly on the SEC's website
at www.sec.gov.
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SOURCE Lion Group Holding Ltd.