LGHL - Lion Group proposes 1:50 ADS ratio change
2023-07-04 08:52:47 ET
-
Lion Group Holding ( NASDAQ: LGHL ) has planned to change the ratio of its American Depositary Shares to its Class A ordinary shares, according to a press release from Monday.
-
The company said it intends to change the ADS ratio from 1:1 to a new ratio of 1:50.
-
The company said the ADS ratio change will be effective on or about July 13, 2023.
-
The change in the ADS ratio will have the same effect as a 1-for-50 reverse ADS split and is intended to enable the company to regain compliance with the Nasdaq minimum bid price requirement.
For further details see:
Lion Group proposes 1:50 ADS ratio change