Lion Group Holding Ltd. (LGHL) has released an update.
Lion Group Holding Ltd. has been notified by Nasdaq of a non-compliance issue due to its American Depositary Share (ADS) price falling below the required minimum bid price of $1.00 for 30 consecutive days. The company is given 180 days to regain compliance, with a possibility of a further 180-day grace period if necessary measures such as a reverse stock split are implemented. The ADSs of Lion Group Holding will continue to trade on Nasdaq during this period under the ticker ‘LGHL’.
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