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Lion Group Holding Ltd (NASDAQ:LGHL) announced Monday it completed a subsequent offering of a senior secured convertible note with a principal amount of $3 million to an institutional buyer. The transaction was carried out under the terms of an existing securities purchase agreement dated June 17, 2025.
According to a press release statement, the new note was issued on the same terms as senior secured convertible notes previously sold to the same buyer on June 18, 2025. The offering included a Right to Receive Tokens agreement, giving the buyer or its permitted assignees the right to receive certain tokens as specified in the agreement. If Lion Group fails to deliver the agreed tokens, the company will be required to pay an amount in cash based on the number of tokens and their trading price.
The sale of the convertible note and the American Depositary Shares issuable upon conversion or payment of interest will rely on exemptions from registration under the Securities Act of 1933.
Lion Group Holding Ltd is incorporated in the Cayman Islands and is headquartered in Singapore. The company’s chief executive officer, Chunning Wang, signed the filing. The information in this article is based on a statement provided in a SEC filing.
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