Lion : Report Of Foreign Private Issuer - Form 6-K

As previously announced, Lion Group Holding Ltd. (the "Company") received a letter from the Listings Qualifications Department (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") dated February 10, 2023 notifying the Company that it was below compliance standards due to the fact that the minimum bid price of the Company's American Depositary Shares (the "ADSs") was less than $1.00 for a consecutive 30 trading-day period. In order to regain compliance with the minimum share price requirement, the Company changed the ratio of the ADSs representing its Class A ordinary shares from one (1) ADS representing one (1) Class A ordinary shares to one (1) ADS representing fifty (50) Class A ordinary shares. The change of the ADS ratio became effective on July 13, 2023.

On July 28, 2023, Nasdaq provided confirmation to the Company that its closing bid share price of the ADSs as of July 28, 2023 was above the Nasdaq's minimum requirement of $1.00 per share. Accordingly, the Company is no longer considered below the $1 continued listing criterion of a minimum share price as set forth in Listing Rule 5550(a)(2) and has regained compliance on this matter.