US Market News
2週前
LGHL Announces Strategic Investment in Indonesian Stablecoin and Digital Financial Infrastructure Provider via Stock-for-Participation ArrangementJune 22, 2026 9:15 AM
PR Newswire (US) SINGAPORE, June 22, 2026 /PRNewswire/ -- Lion Group Holding Ltd. (NASDAQ: LGHL) ("Lion Group" or the "Company"), a leading operator of an all-in-one trading platform and digital asset treasury holder, today announced its participation in an investment in PT Nusantara Bumi Sangkara (the "Target Company"), an Indonesia-based technology company focused on digital financial solutions, including the issuance of the Indonesian Rupiah-pegged stablecoin NIDR.Under the Investment Participation and Economic Interest Arrangement Agreement with Meili Capital Management Limited ("Meili"), Lion Group will provide investment consideration of up to USD 12,000,000 through a non-cash transaction involving the issuance of its ordinary shares (represented by American Depositary Shares or ADSs) or other equity-linked securities. Upon completion, Lion Group will obtain a 10% indirect economic interest or equivalent participation in the Target Company through Meili or its designated investment vehicle. This structure aligns with the framework previously established under the Parties' strategic cooperation MOU.The Target Company is developing NIDR, a compliant stablecoin pegged 1:1 to the Indonesian Rupiah, supported by safe and liquid reserve assets. It aims to provide low-cost, cross-border fund transfer and value exchange services, while building broader digital financial infrastructure integrating blockchain, smart contracts, AI-driven risk control, and automated decision-making. Recent regulatory progress includes approvals or confirmations from Indonesia's Financial Services Authority (OJK), positioning it as a potential early compliant stablecoin issuer in the market.Strategic Alignment with Aquila AI Infrastructure and DAT (Digital Asset Treasury) InitiativesThis investment represents a key step in Lion Group's dual-track growth strategy:Digital Asset Treasury (DAT): By participating in a compliant, real-world-asset (RWA) backed stablecoin and digital payments platform, Lion Group further diversifies and strengthens its digital asset treasury. This complements the Company's existing holdings and treasury reallocations into high-potential ecosystems (including Hyperliquid and Bitcoin), enhancing exposure to tokenized value exchange, payments, and on-chain infrastructure in high-growth Southeast Asian markets.Aquila AI Infrastructure: The Target Company's integration of AI-driven risk control, intelligent analytics, fraud detection, and automated liquidity management directly synergizes with Lion Group's proposed acquisition of Aquila Hash, Inc., a U.S.-headquartered global AI infrastructure platform specializing in AI Factories, GPU cloud platforms, and AI-native services. Together, these initiatives position Lion Group at the forefront of AI-Web3 convergence, enabling advanced applications in digital finance, DePIN, real-world asset tokenization, and scalable financial infrastructure.Mr. Wilson Wang, Chief Executive Officer of Lion Group Holding Ltd., commented: "This strategic participation through Meili marks a significant milestone in our expansion into Southeast Asia's digital economy. By leveraging stock consideration in a non-cash transaction, we preserve capital while gaining exposure to a promising stablecoin and digital payments platform that aligns seamlessly with our DAT treasury strategy and Aquila AI infrastructure ambitions. We are excited about the potential synergies in AI-powered financial services and blockchain innovation."The transaction remains subject to customary conditions, including necessary approvals, definitive documentation, and compliance with Nasdaq, SEC, and other regulatory requirements. It does not constitute a direct equity investment by Lion Group in the Target Company but provides indirect economic participation.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 swap (TRS) trading, (ii) contract-for-difference (CFD) trading, and (iii) Over-the-counter (OTC) stock options trading. Additional information may be found at http://ir.liongrouphl.com. About Meili Capital Management Limited Meili Capital Management Limited is an asset management group specializing in digital assets, tokenization of real-world assets, fund structuring, and global capital markets, with deep expertise in identifying and evaluating high-quality investment opportunities in the Web3 ecosystem.About PT Nusantara Bumi SangkaraPT Nusantara Bumi Sangkara is a technology company developing digital financial infrastructure in Indonesia, with a core focus on the issuance and management of NIDR — an Indonesian Rupiah-pegged stablecoin (1:1 peg) intended to be backed by safe and highly liquid reserve assets. The company aims to provide low-cost, cross-border fund transfer and value exchange services for individual users and enterprises.Beyond stablecoin issuance, the Target Company is building a comprehensive digital financial ecosystem that integrates blockchain, smart contracts, AI-driven risk control, automated decision-making, and intelligent liquidity management. It seeks to support Indonesia's digital economy, financial inclusion, and payment settlement infrastructure. The company has obtained relevant approvals/confirmations from Indonesia's Financial Services Authority (OJK) and is advancing custodian arrangements, reserve asset allocation, and system testing ahead of formal NIDR issuance.Forward-Looking StatementsThis 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 Group'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 Group's entry into a Investment Participation and Economic Interest Arrangement Agreement and its anticipated benefits; Lion Group's participation in Meili's investment in the Target Company, including the ability to fulfill the parties' obligations under the definitive agreements, the expected timing, structure, and terms of the investment, and the satisfaction of closing conditions; the expected synergies of the proposed transaction with Lion Group's acquisition of Aquila Hash, Inc. and its broader strategic initiatives, including the potential expansion into Southeast Asia's digital economy, exposure to regulated digital financial infrastructure, stablecoin platforms, and AI-driven risk control technologies; expectations regarding the adoption of blockchain, AI-enabled analytics, and digital asset solutions in target markets; Lion Group's goals and strategies; Lion Group's future business development, financial condition and results of operations; and assumptions underlying or related to any of the foregoing. Lion Group cautions that the foregoing list of factors is not exclusive. Lion Group cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Lion Group 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 Group's periodic filings with the SEC, including Lion Group's Annual Report on Form 20-F for the fiscal year ended December 31, 2025. Lion Group's SEC filings are available publicly on the SEC's website at www.sec.gov.ContactsLion Group Holding Ltd.
Tel: +65 8877 3871
Email: ir@liongrouphl.com View original content:https://www.prnewswire.com/news-releases/lghl-announces-strategic-investment-in-indonesian-stablecoin-and-digital-financial-infrastructure-provider-via-stock-for-participation-arrangement-302806288.htmlSOURCE Lion Group Holding Ltd. Original: LGHL Announces Strategic Investment in Indonesian Stablecoin and Digital Financial Infrastructure Provider via Stock-for-Participation Arrangement
US Market News
1月前
Lion Group Holding Ltd Announces Strategic Memorandum of Understanding with Meili Capital Management LimitedMay 28, 2026 9:15 AM
PR Newswire (US) SINGAPORE, May 28, 2026 /PRNewswire/ -- Lion Group Holding Ltd (NASDAQ: LGHL) ("Lion Group" or the "Company") today announced that it has entered into a Memorandum of Understanding ("MOU") with Meili Capital Management Limited ("Meili Capital"), a global asset management group specializing in digital asset investments, fund structuring, and innovative investment strategies.The MOU establishes a strategic cooperation framework under which the parties intend to jointly explore and establish a series of investment vehicles managed by Meili Capital. The cooperation will focus on high-growth sectors including digital payment infrastructure, tokenization of real-world assets (RWA), Decentralized Physical Infrastructure Networks (DePIN), and the convergence of Web3 and AI technologies.The Parties will work together to identify and evaluate high-quality investment opportunities in these transformative areas, leveraging Meili Capital's professional expertise in project sourcing and evaluation, and Lion Group's capabilities in capital markets and execution.Lion Group Management believes that the cooperation framework with Meili Capital provides the Company with an efficient mechanism to capture high-growth digital asset and Web3 investment opportunities. Meili Capital's deep expertise, combined with Lion Group's commitment to strategic expansion, will help accelerate the Company's presence in these promising sectors and create long-term value for its shareholders.About Lion Group Holding LtdLion 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 swap (TRS) trading, (ii) contract-for-difference (CFD) trading, and (iii) Over-the-counter (OTC) stock options trading. Additional information may be found at http://ir.liongrouphl.com.About Meili Capital Management LimitedMeili Capital Management Limited is an asset management group specializing in digital assets, tokenization of real-world assets, fund structuring, and global capital markets, with deep expertise in identifying and evaluating high-quality investment opportunities in the Web3 ecosystem.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 entry into a memorandum of understanding and its anticipated benefits; Lion's goals and strategies; Lion's future business development, financial condition and results of operations; 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, 2025. Lion's SEC filings are available publicly on the SEC's website at www.sec.gov.Contacts
Lion Group Holding Ltd.
Tel: +65 8877 3871
Email: ir@liongrouphl.com View original content:https://www.prnewswire.com/news-releases/lion-group-holding-ltd-announces-strategic-memorandum-of-understanding-with-meili-capital-management-limited-302784363.htmlSOURCE Lion Group Holding Ltd. Original: Lion Group Holding Ltd Announces Strategic Memorandum of Understanding with Meili Capital Management Limited
US Market News
1月前
Lion Group Holding Ltd. Reaffirms Long-Term Commitment to Hyperliquid (HYPE) HoldingsMay 26, 2026 9:15 AM
PR Newswire (US) SINGAPORE, May 26, 2026 /PRNewswire/ -- Lion Group Holding Ltd. (NASDAQ: LGHL) ("Lion Group" or the "Company"), today reaffirmed its long-term holding of Hyperliquid (HYPE) tokens and other selected cryptocurrencies as part of its treasury management strategy.Since establishing its position, the Company has not sold any HYPE tokens and continues to hold its full allocation of 193,775 HYPE. As of May 25, 2026, this position was valued at approximately USD 11.9 million (based on prevailing market prices as of May 25, 2026). This reflects the Company's strong conviction in Hyperliquid's fundamentals and long-term potential.Recent Developments in HyperliquidHyperliquid has demonstrated notable growth, supported by strong on-chain perpetuals trading volumes, record protocol revenues, and successful protocol upgrades including HIP-3 (enabling permissionless perpetual markets) and HIP-4 (introducing outcome-based trading and prediction markets). These advancements have expanded the platform's capabilities in tokenized real-world assets, decentralized finance, and event-based contracts.Additionally, the recent launches of spot HYPE ETFs by issuers such as Bitwise (BHYP) and 21Shares (THYP) have attracted significant institutional inflows. Several public companies have also incorporated HYPE into their treasury strategies, further validating market interest in the asset.Lion Group will continue to monitor market developments and provide updates as appropriate.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 swap (TRS) trading, (ii) contract-for-difference (CFD) trading, and (iii) Over-the-counter (OTC) stock options trading. 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; competition in the industry; relevant government policies and regulations relating to our industry; general economic and business conditions globally; crypto asset management operations; the trading prices of crypto asset; 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, 2025. Lion's SEC filings are available publicly on the SEC's website at www.sec.gov.Contacts
Lion Group Holding Ltd.
Tel: +65 8877 3871
Email: ir@liongrouphl.com View original content:https://www.prnewswire.com/news-releases/lion-group-holding-ltd-reaffirms-long-term-commitment-to-hyperliquid-hype-holdings-302781520.htmlSOURCE Lion Group Holding Ltd. Original: Lion Group Holding Ltd. Reaffirms Long-Term Commitment to Hyperliquid (HYPE) Holdings
US Market News
3月前
LGHL ANNOUNCES THAT ITS WHOLLY-OWNED SUBSIDIARY HAS BEEN GRANTED EXCLUSIVITY TO FURTHER NEGOTIATIONS AND THE ENTERING INTO OF A FORMAL AGREEMENT IN RESPECT OF THE PROPOSED RESTRUCTURING OF SKYFAME REALTY (HOLDINGS) LIMITED (IN LIQUIDATION)April 14, 2026 9:15 AM
PR Newswire (US)
SINGAPORE, April 14, 2026 /PRNewswire/ -- Lion Group Holding Ltd. (the "Company" or "LGHL") is pleased to announce that its wholly-owned subsidiary, Lion Wealth Management Limited ("Lion Wealth"), has entered into an exclusivity agreement dated April 10, 2026 with Skyfame Realty (Holdings) Limited (In Liquidation) ("Skyfame", stock code: 00059.HK) and its joint provisional liquidators.Under the Exclusivity Agreement, Lion Wealth has been granted the exclusivity to further negotiations and the entering into of a formal agreement with Skyfame in respect of the proposed restructuring and resumption of trading on the Main Board of The Stock Exchange of Hong Kong Limited ("HKEX"). The Exclusivity Agreement does not constitute any binding obligation or commitment on the parties to enter into any transaction or be bound by any terms and conditions in relation to the proposed restructuring. This exclusivity positions Lion Wealth as the sole party with the right to negotiate and advance the restructuring proposal during a six-month period, enabling focused and efficient execution to help Skyfame address its current challenges.Key HighlightsLion Wealth submitted a restructuring proposal to Skyfame and the joint provisional liquidators on April 7, 2026.Lion Wealth has been granted exclusivity to further negotiations and the entering into of a formal agreement with Skyfame in respect of the proposed restructuring and resumption of trading.Lion Wealth has engaged and is fully supported by a professional team, comprising financial advisers, independent financial advisers, Hong Kong and Bermuda legal counsel, valuers, auditors and other specialists. This professional team is working closely with the joint provisional liquidators to prepare and advance the resumption application to HKEX.This arrangement highlights LGHL's commitment to providing structured rescue solutions to distressed listed companies, combining financial support with professional expertise to help maximize value for Skyfame's stakeholders and facilitate a successful resumption of trading.Further announcements will be made by LGHL as and when there are material developments regarding the restructuring and resumption process.About Lion Group Holding Limited: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 swap (TRS) trading, (ii) contract-for-difference (CFD) trading, and (iii) Over-the-counter (OTC) stock options trading. 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 participation in the restructuring of Skyfame and the potential return/loss from the restructuring; 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; competition in the industry; relevant government policies and regulations relating to our industry; general economic and business conditions globally; proposed crypto asset management operations; 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, 2024. Lion's SEC filings are available publicly on the SEC's website at www.sec.gov.ContactsLion Group Holding Ltd.
Tel: +65 8877 3871
Email: ir@liongrouphl.com
View original content:https://www.prnewswire.com/news-releases/lghl-announces-that-its-wholly-owned-subsidiary-has-been-granted-exclusivity-to-further-negotiations-and-the-entering-into-of-a-formal-agreement-in-respect-of-the-proposed-restructuring-of-skyfame-realty-holdings-limited-in-liq-302741226.htmlSOURCE Lion Group Holding Ltd.
Original: LGHL ANNOUNCES THAT ITS WHOLLY-OWNED SUBSIDIARY HAS BEEN GRANTED EXCLUSIVITY TO FURTHER NEGOTIATIONS AND THE ENTERING INTO OF A FORMAL AGREEMENT IN RESPECT OF THE PROPOSED RESTRUCTURING OF SKYFAME REALTY (HOLDINGS) LIMITED (IN LIQUIDATION)
boston127
6月前
Can you translate this for us?
Does it mean big time dilution?
LION GROUP HOLDING LTD.
Dated December 11, 2025
To the Prospectus Dated December 10, 2025
This prospectus supplement amends the information in the “Selling Securityholders” section of our prospectus dated December 8, 2025 relating to the resale of 14,580,732,500 Class A Ordinary Shares in the form of 5,832,293 American Depositary Shares issuable upon the exercise of the Debentures (the “Prospectus”). Capitalized terms used in this prospectus supplement and not otherwise defined herein have the meanings specified in the Prospectus.
The purpose of this prospectus supplement is to modify the “Selling Securityholders” section of the Prospectus to reflect the change in the ratio of the American Depositary Shares (“ADSs”) evidencing Class A ordinary shares, par value US$0.0001 per share (“Class A Ordinary Shares”), from one ADS representing two thousand five hundred (2,500) Class A Ordinary Share to one ADS representing thirty-two thousands and five hundreds (32,500) Class A Ordinary Shares (the “Ratio Change”), effective on November 26, 2025, which resulted in a one for thirteen reverse split of issued and outstanding ADSs and had no effect on the Class A Ordinary Shares.
This prospectus supplement should be read in conjunction with the Prospectus, and this prospectus supplement is qualified in its entirety by reference to the Prospectus, except to the extent that the information herein modifies or supersedes the information contained in the Prospectus.
This prospectus supplement is not complete without the Prospectus. This prospectus supplement should be read in conjunction with the Prospectus, which is to be delivered with this prospectus supplement, and is qualified by reference thereto, except to the extent that the information in this prospectus supplement updates or supersedes the information contained in the Prospectus. Please keep this prospectus supplement with your Prospectus for future reference.
Our ADSs are listed on the Nasdaq Capital Market under the symbol “LGHL”. On December 10, 2025, the closing price for our ADSs on the Nasdaq Capital Market was $4.49 per ADS.
INVESTING IN OUR ADSS INVOLVES RISKS. YOU SHOULD CAREFULLY CONSIDER THE “RISK FACTORS” INCLUDED IN OUR ANNUAL REPORT ON FORM 20-F FOR THE YEAR ENDED DECEMBER 31, 2024 AS WELL AS “RISK FACTORS” BEGINNING ON PAGE 16 OF THE PROSPECTUS.
Neither the Securities and Exchange Commission (the “SEC”) nor any state securities commission has approved or disapproved of these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.
boston127
6月前
Actually, the info is on this ihub page.
https://investorshub.advfn.com/stock-market/NASDAQ/lion-LGHL/stock-news/97425390/form-424b3-prospectus-rule-424b3
LION GROUP HOLDING LTD.
Dated December 11, 2025
To the Prospectus Dated December 10, 2025
This prospectus supplement amends the information in the “Selling Securityholders” section of our prospectus dated December 8, 2025 relating to the resale of 14,580,732,500 Class A Ordinary Shares in the form of 5,832,293 American Depositary Shares issuable upon the exercise of the Debentures (the “Prospectus”). Capitalized terms used in this prospectus supplement and not otherwise defined herein have the meanings specified in the Prospectus.
The purpose of this prospectus supplement is to modify the “Selling Securityholders” section of the Prospectus to reflect the change in the ratio of the American Depositary Shares (“ADSs”) evidencing Class A ordinary shares, par value US$0.0001 per share (“Class A Ordinary Shares”), from one ADS representing two thousand five hundred (2,500) Class A Ordinary Share to one ADS representing thirty-two thousands and five hundreds (32,500) Class A Ordinary Shares (the “Ratio Change”), effective on November 26, 2025, which resulted in a one for thirteen reverse split of issued and outstanding ADSs and had no effect on the Class A Ordinary Shares.
This prospectus supplement should be read in conjunction with the Prospectus, and this prospectus supplement is qualified in its entirety by reference to the Prospectus, except to the extent that the information herein modifies or supersedes the information contained in the Prospectus.
This prospectus supplement is not complete without the Prospectus. This prospectus supplement should be read in conjunction with the Prospectus, which is to be delivered with this prospectus supplement, and is qualified by reference thereto, except to the extent that the information in this prospectus supplement updates or supersedes the information contained in the Prospectus. Please keep this prospectus supplement with your Prospectus for future reference.
Our ADSs are listed on the Nasdaq Capital Market under the symbol “LGHL”. On December 10, 2025, the closing price for our ADSs on the Nasdaq Capital Market was $4.49 per ADS.
INVESTING IN OUR ADSS INVOLVES RISKS. YOU SHOULD CAREFULLY CONSIDER THE “RISK FACTORS” INCLUDED IN OUR ANNUAL REPORT ON FORM 20-F FOR THE YEAR ENDED DECEMBER 31, 2024 AS WELL AS “RISK FACTORS” BEGINNING ON PAGE 16 OF THE PROSPECTUS.
Neither the Securities and Exchange Commission (the “SEC”) nor any state securities commission has approved or disapproved of these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.