Lion Group announces $10M private placement

Lion Group (LGHL) Holding announced it has entered into an amendment to its previously announced Securities Purchase Agreement to facilitate a subsequent closing under its convertible note facility, totaling $9,984,000 in gross proceeds. The company will earmark $8M of net proceeds for the purchase of Bitcoin for its corporate treasury. The subsequent closing is expected to close on or about December 5, 2025, subject to the satisfaction of customary closing conditions. Chardan is acting as sole placement agent in connection to the subsequent closing.