Lion Group Holding To Acquire 60% Post-investment Equity Stake In Agunua Technology Valued At $4.8M, Using $2.88M Worth Of ADS's Priced At $1.2/ADS

Author: Benzinga Newsdesk | August 19, 2024 06:40am

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.

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