Lion Announces Launch of Metaverse Project "Lion World"
Lion Group Holding Ltd. (NASDAQ: LGHL) has launched its Metaverse project, Lion World, aiming to bridge the virtual and real worlds. As an all-in-one trading platform, Lion focuses on serving affluent Chinese investors with various services such as CFD trading, insurance brokerage, and more. The company is venturing into SPAC sponsorship, NFTs, and Metaverse initiatives to drive growth. However, it cautions that the success of its business combination and future performance depends on several uncertainties and risks.
- Launch of Lion World Metaverse project, enhancing the company's product offerings.
- Expansion into SPAC sponsorship, NFTs, and Metaverse, indicating potential growth.
- Uncertainties around maintaining NASDAQ listing after business combination.
- Potential disruption of current operations due to business combination announcement.
- Risks associated with achieving anticipated benefits from the business combination.
HONG KONG, Nov. 5, 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 and developer of new growth products that include SPAC sponsorship, NFT, and Metaverse-related initiatives, today announced the launch of its Metaverse project, Lion World, opening a door that connects the virtual world to the real world. Lion World has now launched!
About Lion
Lion Group Holding Ltd. (NASDAQ: LGHL) operates an all-in-one trading platform that offers a wide spectrum of products and services with a focus on Chinese investors. Through its state-of-the-art technology, Lion offers contract-for-difference (CFD) trading, insurance brokerage, futures brokerage, and securities brokerage on its platform, which can be accessed through applications available on the iOS, Android, Windows, and macOS systems. Lion's customers are well-educated and affluent Chinese individual investors residing both inside and outside the PRC as well as institutional clients in Hong Kong. Additional information may be found at http://ir.liongrouphl.com.
Forward-Looking Statements
This press release contains, "forward-looking statements" within the meaning of the "safe harbor" provisions of the 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, without limitation, Lion's expectations with respect to future performance and anticipated financial impacts of the Business combination, the satisfaction of the closing conditions to the business combination and the timing of the completion of the business combination. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are outside the control of Lion and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) the inability to maintain the listing of the post-acquisition company's ADSs on NASDAQ following the business combination; (2) the risk that the business combination disrupts current plans and operations as a result of the announcement and consummation of the transactions described herein; (3) the inability to recognize the anticipated benefits of the business combination, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably and retain its key employees; (4) costs related to the business combination; (5) changes in applicable laws or regulations; (6) the possibility that Lion may be adversely affected by other economic, business, and/or competitive factors; and (7) other risks and uncertainties to be identified in the proxy statement/prospectus relating to the business combination, including those under "Risk Factors" therein, and in other filings with the Securities and Exchange Commission ("SEC") made by Lion. 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.
Contacts
Lion Group Holding
Tel: +852 2820 9011
Email: ir@liongrouphl.com
ICR, LLC
William Zima
Tel: +1 203 682 8233
Email: ir@liongrouphl.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/lion-announces-launch-of-metaverse-project-lion-world-301417140.html
SOURCE Lion Group Holding Ltd.
FAQ
What is Lion Group Holding's new project launched in November 2021?
What services does Lion Group Holding offer on its trading platform?
What are the potential risks associated with Lion Group Holding's business combination?
What is the significance of Lion Group Holding's Metaverse initiatives?
