HONG
KONG, Aug. 19, 2024 /PRNewswire/ -- Lion Group
Holding Ltd. ("Lion" or "the Company") (NASDAQ: LGHL), the operator
of an all-in-one trading platform that offers a wide spectrum of
products and services, announced today that it entered into a
non-binding term sheet with Hong Kong Agunua Technology Co.,
Limited ("Agunua Technology") and plans to acquire a 60%
post-investment equity stake in Agunua Technology. The investment,
valued at $4.8 million, will be
executed using $2.88 million worth of
American Depositary Shares (ADS) of the Company, priced at
$1.2 per ADS. This strategic
investment marks Lion Group's significant expansion in the global
carbon finance market, further enhancing its core competitiveness
in climate financing, green finance, transition finance, and
climate AI application services. The closing of the investment is
subject to the execution of a definitive agreement and certain
closing conditions set forth in the definitive agreement.
Carbon assets are the most promising strategic resource for
international development over the next 30 years. Agunua Technology
holds the exclusive technical mandate and 50-year operating rights
for the only authorized carbon rights electronic trading platform
in the Solomon Islands—the Solomon International Green Asset
Exchange ('SIGX'). SIGX boasts a sovereign government-backed
international green exchange license and the sole system for
South-South cooperation carbon account interconnectivity, making it
the exclusive platform for green asset trading in South Pacific
countries. The platform covers online sales, electronic order
processing, electronic payment settlement, and all other activities
related to electronic trading. Leveraging Asia's technological research and development
capabilities, the platform also features climate AI-based
intelligent carbon emission measurement hardware, addressing issues
of carbon data, carbon standards, green evaluation, and carbon
asset trading interconnectivity between countries. This offers
global carbon market participants an efficient, secure, and
transparent trading environment.
Through this investment, Lion will secure exclusive operating
rights to the SIGX carbon credit electronic trading platform. This
move will enhance Lion's efforts in building green financial
infrastructure and expanding into emerging sectors focused on
carbon neutrality services. By targeting key global markets,
South-South cooperation countries, and the Greater China region, this move will not only
diversify and enhance Lion's innovative product offerings,
delivering more comprehensive and specialized carbon finance
solutions to the Company's clients, but also open up substantial
revenue opportunities, with SIGX's revenue expected to surpass
$200 million by 2029.
Mr. Chunning (Wilson) Wang, CEO
of Lion, commented, "Under the global consensus on carbon
strategies, the financialization and digitalization of the carbon
market are increasingly enhancing its value. Lion's recent
investment is not only a significant expansion of our business but
also a strategic move that aligns perfectly with the evolving
trends in the global carbon finance market. By integrating Agunua
Technology's strengths with the resource advantages of the SIGX
platform, we will create a solid foundation and significant growth
potential for rapid expansion in the carbon finance sector.
Moreover, by leveraging cutting-edge technologies such as Web 3.0
and AI, we are confident in securing a leading position in the
global carbon finance market. This will enable us to achieve new
growth points and sustainable development, advance the construction
of a digital financial ecosystem, and create meaningful value
growth for our shareholders."
About Lion Group Holding Ltd.
Lion Group Holding Ltd. (Nasdaq: LGHL) operates an all-in-one,
state-of-the-art trading platform that offers a wide spectrum of
products and services, including (i) total return service (TRS)
trading, (ii) contract-for-difference (CFD) trading, (iii)
Hong Kong-based over-the-counter
(OTC) stock options trading, and (iv) futures and securities
brokerage. Additional information may be found at
http://ir.liongrouphl.com.
Forward-Looking Statements
This press release contains, "forward-looking statements" within
the meaning of Section 21E of the Securities Exchange Act of 1934,
as amended. These forward-looking statements are made under the
"safe harbor" provisions of the U.S. Private Securities Litigation
Reform Act of 1995. Lion's actual results may differ from their
expectations, estimates and projections and consequently, you
should not rely on these forward-looking statements as predictions
of future events. Words such as "expect," "estimate," "project,"
"budget," "forecast," "anticipate," "intend," "plan," "may,"
"will," "could," "should," "believes," "predicts," "potential,"
"might" and "continues," and similar expressions are intended to
identify such forward-looking statements. These forward-looking
statements include, but are not limited to, statements about:
Lion's goals and strategies; our ability to retain and increase the
number of users, members and advertising customers, and expand its
service offerings; Lion's future business development, financial
condition and results of operations; expected changes in Lion's
revenues, costs or expenditures; the impact of COVID-19;
competition in the industry; relevant government policies and
regulations relating to our industry; general economic and business
conditions globally and in China;
and assumptions underlying or related to any of the foregoing. Lion
cautions that the foregoing list of factors is not exclusive. Lion
cautions readers not to place undue reliance upon any
forward-looking statements, which speak only as of the date made.
Lion does not undertake or accept any obligation or undertaking to
release publicly any updates or revisions to any forward-looking
statements to reflect any change in its expectations or any change
in events, conditions or circumstances on which any such statement
is based, subject to applicable law. Additional information
concerning these and other factors that may impact our expectations
and projections can be found in Lion's periodic filings with the
SEC, including Lion's Annual Report on Form 20-F for the fiscal
year ended December 31, 2023. Lion's
SEC filings are available publicly on the SEC's website at
www.sec.gov.
Contacts
Lion Group Holding Ltd.
Tel: +852 2820 9011
Email: ir@liongrouphl.com
ICR, LLC
William
Zima
Tel: +1 203 682 8233
Email: ir@liongrouphl.com
New York
Skyline Corporate Communications Group, LLC
Scott Powell, President
Tel: (646) 893-5835
Email: info@skylineccg.com
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SOURCE Lion Group Holding Ltd.