Lion Group Secures $3M Convertible Note to Advance Skyfame Restructuring
LGHL is trading near its 52-week low of $5.68 (0.4% above the low) on light trading volume (0.2× avg).
Summary
Lion Group Holding raised $3 million through a senior secured convertible note to fund its Skyfame restructuring, with conversion terms that could lead to substantial dilution.
Key Events · Financing and Capital Events · LGHL
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$3M Convertible Note Issued
On September 28, 2026, Lion Group sold a $3,000,000 senior secured convertible note to ATW Digital Asset Opportunities VI LLC, under the existing Securities Purchase Agreement dated June 17, 2025.
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Conversion Terms Set
The note converts at the lower of $7.30 per ADS (fixed) or 90% of the lowest VWAP over the prior 10 trading days, with a floor price of $1.46 per ADS. Interest accrues at 8% cash or 12% in ADSs.
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Proceeds for Skyfame Restructuring
Net proceeds will fund the Skyfame Realty restructuring and general working capital. The company stated it may need additional capital beyond this offering to complete the restructuring.
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No Token Purchases
Contrary to the original Purchase Agreement, none of the proceeds will be deposited into the collateral account or used to purchase tokens.
Analysis · LGHL · Crypto Assets
On September 28, 2026, Lion Group Holding closed a $3 million senior secured convertible note offering with ATW Digital Asset Opportunities VI LLC. The note carries a fixed conversion price of $7.30 per ADS and a floor price of $1.46 per ADS, with interest at 8% cash or 12% in ADSs. Proceeds are earmarked for the Skyfame restructuring and general working capital, not token purchases as originally contemplated. The conversion terms include a variable pricing mechanism tied to 90% of the lowest VWAP over ten trading days, which could result in significant dilution if the stock price declines. The company also disclosed it may need additional capital beyond this offering to complete the Skyfame restructuring.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 30.2% of the 1625 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.52%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, LGHL was trading at $5.70 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $266.7K. The 52-week trading range was $5.68 to $3,931.20. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.