Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
08 November 2024 - 3:07PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO
RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of November 2024
Commission File Number: 001-39301
LION
GROUP HOLDING LTD.
Not Applicable
(Translation of registrant’s name into English)
Cayman Islands
(Jurisdiction of incorporation or organization)
3 Phillip Street, #15-04 Royal Group Building
Singapore 048693
(Address of principal executive office)
Registrant’s phone number, including area
code
+65 8877 3871
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒
Form 40-F ☐
Information Contained in this Form 6-K Report
Lion Group Holding Ltd. (“the Company” or “Lion”)
entered into a Share Purchase Agreement (the “Agreement”) dated November 8, 2024, with Amazon Capital Holding Limited (“Amazon
Capital”). Hong Kong-based Fosun Asset Management Limited (“Fosun Asset Management”) acted as the exclusive investment
advisor for Amazon Capital, providing comprehensive support and strategic guidance throughout the signing and execution of the Agreement.
Under the Agreement, the Amazon Capital will subscribe certain amount
of Class A ordinary shares, par value $0.0001 per share. The subscription will proceed in three tranches, with specific terms as follows.
Phase 1: Amazon Capital will subscribe to Class A ordinary shares
with an aggregate purchase price of $5,000,000, with the first tranche closing within six months from the date of the Agreement. Funds
will be injected in stages, depending on market conditions.
Phase 2: Within six months of the completion of the first tranche,
Amazon Capital will have the option to make an additional subscription of up to $10,000,000 in aggregate. Funds will be injected in stages,
depending on market conditions.
Phase 3: Within six months of completing the second tranche,
Amazon Capital may proceed with a further staged subscription up to $15,000,000.
The price per share for each phase will be set at 80% of the average
closing price of the Company’s American Depositary Shares (the “ADS”) over the 20 trading days preceding each relevant
tranche (adjusted based on the applicable ADS ratio).
As the exclusive investment advisor of Amazon Capital for this transaction,
Fosun Asset Management will provide professional support to Amazon Capital in market analysis, pricing of subscriptions, and transaction
structuring.
This Form 6-K is hereby incorporated by reference into the registration
statements on Form F-3 (No. 333-269333) and Form S-8 (No. 333-275597) of the Company.
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
Date: November 8, 2024 |
LION GROUP HOLDING LTD. |
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By: |
/s/ Chunning Wang |
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Name: |
Chunning Wang |
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Title: |
Chief Executive Officer and Director |
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