Lion announces response to sec guidance issued on april 12, 2021 applicable to warrants issued by special purpose acquisition companies ("spacs")

Hong kong, june 11, 2021 /prnewswire/ -- lion group holding ltd. ("lion" or "the company") (nasdaq: lghl), operator of an all-in-one trading platform that offers a wide spectrum of products and services with a focus on chinese investors, announced today in a current report on form 6-k, that as a result of recently issued guidance provided by the division of corporate finance of the securities and exchange commission (the "sec") on april 12, 2021 for all spac-related companies regarding the classification of their warrants for accounting and reporting purposes (the "sec statement"), it will restate its previously issued consolidated financial statements included on the form 20-f for the year ended december 31, 2020.
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