Lion Group Holding (LGHL) has released an update.
Lion Group Holding Ltd. has entered into a strategic Share Purchase Agreement with Amazon Capital Holding Limited, facilitated by Fosun Asset Management as the exclusive investment advisor. The agreement involves a phased subscription of Class A ordinary shares worth up to $30 million, with pricing set at 80% of the average closing price of Lion’s ADS over the preceding 20 trading days. This move is expected to inject substantial capital into Lion, potentially influencing its market dynamics.
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