Lion Group Faces Nasdaq Compliance Challenge

Lion Group Holding Ltd. (LGHL) has released an update.

Lion Group Holding Ltd. has been notified by Nasdaq of a non-compliance issue due to its American Depositary Share (ADS) price falling below the required minimum bid price of $1.00 for 30 consecutive days. The company is given 180 days to regain compliance, with a possibility of a further 180-day grace period if necessary measures such as a reverse stock split are implemented. The ADSs of Lion Group Holding will continue to trade on Nasdaq during this period under the ticker ‘LGHL’.

For further insights into LGHL stock, check out TipRanks’ Stock Analysis page.