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$Lion Group (LGHL.US)$ Reuters· 1 min ago
Lion Group Holding Ltd: Unit Enters Non-Binding Term Sheet With Vantage Asset Management.   ((((((.   Information Contained in this Form 6-K Report

On September 2, 2024, Lion Brokers Limited, a wholly-owned subsidiary of Lion Group Holding Limited (the “Company”), (“LBL”) entered into a non-binding term sheet (the “Term Sheet”) with Vantage Asset Management Limited (“Vantage”). Pursuant to the Term Sheet, Vantage will provide financial support to LBL not less than US$10,000,000 in the form of investment (the “Investment”) to be determined by the parties in a definitive agreement. The closing of the Investment is subject to the execution of the definitive agreement and certain closing conditions set forth in the definitive agreement. The parties intend to enter into the definitive agreement within 6 months of the date of the Term Sheet and close the Investment by February 28, 2025. ))))
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