LGHL - Lion to form a second SPAC company for future deals

Lion Group (LGHL) signed engagement letters with Maxim Group and Loeb & Loeb to form a second SPAC company, Aquarius I Acquisition.This follows a recent announcement of Lion forming a SPAC company, Skyline I Acquisition, through its subsidiary.Lion plans to evolve and develop SPAC sponsorship into a key business segment and sponsor at least one more SPAC by 2021 end."As one of the first SPACs to originate from the Asia region, Lion has firsthand experience with SPAC mergers and sufficient financial resources," CEO Mr. Chunning (Wilson) Wang commented.

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Lion to form a second SPAC company for future deals