Lion Group Holding Invests in Agunua Technology, Exploring AI and Blockchain Opportunities

Lion Group Holding Makes Strategic Investment of Agunua Technology, to Explore New Opportunities in Carbon Finance - Lion Group Holding (NASDAQ:LGHL)

HONG KONG, Aug. 19, 2024 /PRNewswire/ -- Lion Group Holding Ltd. ("Lion" or "the Company") 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. Carbon assets are the most promising strategic resource for international development over the next 30 years. Agunua Technology holds the exclusive technical mandate and 50-year operating rights for the only authorized carbon rights electronic trading platform in the Solomon Islands -- the Solomon International Green Asset Exchange ('SIGX'). SIGX boasts a sovereign government-backed international green exchange license and the sole system for South-South cooperation carbon account interconnectivity, making it the exclusive platform for green asset trading in South Pacific countries. The platform covers online sales, electronic order processing, electronic payment settlement, and all other activities related to electronic trading. Leveraging Asia's technological research and development capabilities, the platform also features climate AI-based intelligent carbon emission measurement hardware, addressing issues of carbon data, carbon standards, green evaluation, and carbon asset trading interconnectivity between countries. This offers global carbon market participants an efficient, secure, and transparent trading environment. Through this investment, Lion will secure exclusive operating rights to the SIGX carbon credit electronic trading platform. This move will enhance Lion's efforts in building green financial infrastructure and expanding into emerging sectors focused on carbon neutrality services. By targeting key global markets, South-South cooperation countries, and the Greater China region, this move will not only diversify and enhance Lion's innovative product offerings, delivering more comprehensive and specialized carbon finance solutions to the Company's clients, but also open up substantial revenue opportunities, with SIGX's revenue expected to surpass $200 million by 2029. Mr. Chunning (Wilson) Wang, CEO of Lion, commented, "Under the global consensus on carbon strategies, the financialization and digitalization of the carbon market are increasingly enhancing its value. Lion's recent investment is not only a significant expansion of our business but also a strategic move that aligns perfectly with the evolving trends in the global carbon finance market. By integrating Agunua Technology's strengths with the resource advantages of the SIGX platform, we will create a solid foundation and significant growth potential for rapid expansion in the carbon finance sector. Moreover, by leveraging cutting-edge technologies such as Web 3.0 and AI, we are confident in securing a leading position in the global carbon finance market. This will enable us to achieve new growth points and sustainable development, advance the construction of a digital financial ecosystem, and create meaningful value growth for our shareholders." About Lion Group Holding Ltd. Lion Group Holding Ltd. 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 service (TRS) trading, (ii) contract-for-difference (CFD) trading, (iii) Hong Kong-based over-the-counter (OTC) stock options trading, and (iv) futures and securities brokerage. Additional information may be found at http://ir.liongrouphl.com. 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; the impact of COVID-19; competition in the industry; relevant government policies and regulations relating to our industry; general economic and business conditions globally and in China; 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, 2023. Lion's SEC filings are available publicly on the SEC's website at www.sec.gov. Contacts Lion Group Holding Ltd. Tel: +852 2820 9011 Email: ir@liongrouphl.com ICR, LLC William Zima Tel: +1 203 682 8233 Email: ir@liongrouphl.com New York Skyline Corporate Communications Group, LLC Scott Powell, President Tel: (646) 893-5835 Email: info@skylineccg.com View original content:https://www.prnewswire.com/news-releases/lion-group-holding-makes-strategic-investment-of-agunua-technology-to-explore-new-opportunities-in-carbon-finance-302225112.html SOURCE Lion Group Holding Ltd. Market News and Data brought to you by Benzinga APIs

Lion Group secures stake in Agunua Technology By Investing.com

HONG KONG - Lion Group Holding Ltd. (NASDAQ:LGHL), a company that operates a comprehensive trading platform, has announced its intentions to acquire a 60% equity stake in Agunua Technology Co., Limited, valued at $4.8 million. The transaction will be conducted through $2.88 million in American Depositary Shares (ADS), priced at $1.2 per ADS. This move is part of Lion Group's strategy to expand its presence in the global carbon finance market. Agunua Technology holds the exclusive technical mandate and a 50-year operating right for the Solomon International Green Asset Exchange (SIGX), the only authorized carbon rights electronic trading platform in the Solomon Islands. SIGX is backed by a sovereign government license and is the exclusive green asset trading platform for South Pacific countries. It offers a range of services including online sales and electronic payment settlement. The investment by Lion Group will grant it exclusive operating rights to the SIGX platform, which is expected to generate revenue exceeding $200 million by 2029. This initiative is aimed at enhancing Lion's green financial infrastructure and providing specialized carbon finance solutions to its clients. Lion's CEO, Mr. Chunning (Wilson) Wang, stated that this investment represents a strategic expansion aligned with the trends in the global carbon finance market. He emphasized that leveraging technologies such as Web 3.0 and AI would help Lion secure a leading position in the sector, contributing to sustainable growth and value for shareholders. The completion of this investment is contingent upon the execution of a definitive agreement and satisfaction of certain conditions outlined in the agreement. This information is based on a press release statement from Lion Group Holding Ltd. In other recent news, Lion Group Holding Ltd. has revealed plans to integrate OpenAI's GPT-4o into its financial technology products and services. This move is part of Lion's strategy to harness the power of artificial intelligence (AI) to enhance operational efficiency and customer experience across its platform. Key areas targeted for improvement include customer service, account management, data processing, and advisory functions. Lion's CEO, Chunning (Wilson) Wang, underscored the role of technology in the company's growth, pointing to AI as a potential major contributor to revenue and profit margins. The company is also investing in the development of its workforce, with a particular emphasis on software and AI development skills. These recent developments underscore Lion's commitment to innovation and its strategy to leverage AI advancements in the fintech sector. However, as the company has noted, actual results may vary from forward-looking statements. For more detailed information, investors are advised to refer to Lion's filings with the SEC. As Lion Group Holding Ltd. (NASDAQ:LGHL) ventures into the burgeoning carbon finance market with its strategic acquisition of Agunua Technology Co., Limited, a glance at its financial health and stock performance via InvestingPro offers crucial insights. The company's aggressive growth tactics are underscored by its recent move to secure operating rights to the SIGX platform, which is poised to generate substantial revenues in the coming years. InvestingPro data illustrates that Lion Group currently has a market capitalization of $1.79 million. Notably, the company's revenue has seen a significant increase, with a reported growth of 488.75% for the last twelve months as of Q4 2023. This is further highlighted by a staggering quarterly revenue growth of 1128.91% in Q4 2023, indicating a robust expansion in its financial operations. Despite these impressive growth figures, the company has not turned a profit over the last twelve months, which is reflected in its negative P/E ratio of -0.12 for the same period. InvestingPro Tips further reveal that LGHL's stock price has exhibited high volatility and has been trading near its 52-week low, which might attract investors looking for undervalued opportunities, as the stock is also trading at a low Price / Book multiple of 0.06. However, potential investors should be aware that the stock has experienced a significant downturn, with a one-year price total return of -92.54%, emphasizing the stock's high-risk profile. For those seeking a more comprehensive analysis, InvestingPro provides additional tips that could shed light on LGHL's future prospects, especially in the context of its latest strategic move. There are a total of 12 additional InvestingPro Tips available for LGHL, which can be found at InvestingPro, offering in-depth guidance for investors considering this stock.