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Lion Group (NASDAQ: LGHL) wins 6‑month exclusivity on Skyfame restructuring talks

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Lion Group Holding Ltd. reports that its wholly owned subsidiary, Lion Wealth Management Limited, has entered into a six-month Exclusivity Agreement to negotiate a proposed restructuring of Skyfame Realty (Holdings) Limited, whose shares are suspended from trading on the Hong Kong Stock Exchange.

The agreement grants Lion Wealth exclusive rights to advance talks and potentially sign a formal restructuring deal aimed at resuming Skyfame’s trading on HKEX, but it expressly creates no binding obligation for any transaction. Lion Wealth has assembled a team of financial advisers, legal counsel, valuers, auditors and other specialists to work with Skyfame’s joint provisional liquidators on the resumption application.

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Insights

LGHL gains non-binding, time-limited lead role in Skyfame’s potential restructuring.

Lion Group, via Lion Wealth, has secured a six-month exclusivity window starting from the April 10, 2026 agreement to negotiate a proposed restructuring of Skyfame Realty, whose trading on HKEX is suspended. Exclusivity means rival bidders are sidelined during this period.

The arrangement is explicitly non-binding, so there is no commitment yet to inject capital or complete a transaction. Outcomes will depend on due diligence, agreement with joint provisional liquidators, and regulatory acceptance of any resumption plan on HKEX.

Lion Wealth’s engagement of financial advisers, independent financial advisers, Hong Kong and Bermuda counsel, valuers and auditors indicates a serious exploratory effort. However, without disclosed financial terms or commitments, the development is best viewed as strategic optionality rather than a definitive value event.

Exclusivity period six-month exclusivity Duration granted to Lion Wealth under the Exclusivity Agreement
Exclusivity Agreement date April 10, 2026 Date Lion Wealth and Skyfame signed the Exclusivity Agreement
Press release date April 14, 2026 Date Lion Group announced the Exclusivity Agreement
Skyfame stock code 00059.HK Skyfame listing on the Main Board of HKEX, currently suspended
Restructuring proposal submission April 7, 2026 Date Lion Wealth submitted restructuring proposal to Skyfame and liquidators
Exclusivity Agreement financial
"has entered into an exclusivity agreement dated April 10, 2026 with Skyfame"
A contract that gives one party exclusive rights to sell, buy, supply or use a product or service, or prevents the other party from dealing with competitors for a set time. For investors it matters because exclusivity can lock in predictable revenue and fend off rivals—like giving one caterer sole rights to serve an office—but it also concentrates risk if the partner underperforms or the market changes.
joint provisional liquidators regulatory
"with Skyfame Realty (Holdings) Limited (In Liquidation) and its joint provisional liquidators"
Joint provisional liquidators are temporary, court-appointed officials who take control of a troubled company's assets and affairs while a formal winding-up or insolvency process is being decided. Think of them as emergency guardians who stop value being lost, secure records, and assess whether creditors or shareholders can recover funds. Investors pay attention because their appointment usually signals serious financial distress, potential suspension of trading, and uncertainty about how much, if anything, will be repaid.
resumption of trading financial
"in respect of the proposed restructuring and resumption of trading on the Main Board of HKEX"
Resumption of trading is when a security that was temporarily stopped from being bought or sold on an exchange is allowed to trade again. Investors care because it restores the ability to buy or sell, can trigger quick price moves as pent-up orders and new information are absorbed, and signals that whatever issue prompted the halt—such as missing disclosures, regulatory questions, or extreme volatility—has been addressed to the exchange’s satisfaction.
forward-looking statements regulatory
"This press release contains, “forward-looking statements” within the meaning of Section 21E"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
resumption application regulatory
"team is working closely with the joint provisional liquidators to prepare and advance the resumption application to HKEX"

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of April 2026

 

Commission File Number: 001-39301

 

LION GROUP HOLDING LTD.

 

Not Applicable

(Translation of registrant’s name into English)

 

Cayman Islands

(Jurisdiction of incorporation or organization)

 

10 Ubi Crescent, #06-51 (Office 12), Ubi Techpark

Singapore 408574, Lobby C

(Address of principal executive office)

 

Registrant’s phone number, including area code

+65 8877 3871

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F          Form 40-F 

 

 

 

 

 

Entry into Material Agreement.

 

On April 10, 2026, Lion Wealth Management Limited (“Lion Wealth”), a wholly owned subsidiary of Lion Group Holdings Ltd. (the “Company”), entered into an exclusivity agreement (the “Exclusivity Agreement”) with Skyfame Realty (Holdings) Limited (In Liquidation) (“Skyfame”), a company listed on the Main Board of The Stock Exchange of Hong Kong Limited (“HKEX”) under stock code 00059.HK whose trading has been suspended, and its joint provisional liquidators. Pursuant to the Exclusivity Agreement, Lion Wealth has a six-month exclusivity period to facilitate the implementation of a proposed restructuring of Skyfame to enable resumption of trading of Skyfame’s shares on HKEX.

 

On April 14, 2026, the Company issued a press release announcing Lion Wealth’s entry into the Exclusivity Agreement. The full text of the press release is attached as Exhibit 99.1 to this Current Report on Form 6-K.

 

Exhibits

 

The following exhibits are being filed herewith.

 

Exhibit   Description
99.1   Press release, dated April 14, 2026

 

1

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Date: April 14, 2026

 

  LION GROUP HOLDING LTD.
   
  By: /s/ Chunning Wang
  Name:  Chunning Wang
  Title: Chief Executive Officer and Director

 

2

 

Exhibit 99.1

 

LGHL ANNOUNCES THAT ITS WHOLLY-OWNED SUBSIDIARY HAS BEEN GRANTED EXCLUSIVITY TO FURTHER NEGOTIATIONS AND THE ENTERING INTO OF A FORMAL AGREEMENT IN RESPECT OF THE PROPOSED RESTRUCTURING OF SKYFAME REALTY (HOLDINGS) LIMITED (IN LIQUIDATION)

 

SINGAPORE, April 14, 2026 /PRNewswire/ — Lion Group Holding Ltd. (the “Company” or “LGHL”) is pleased to announce that its wholly-owned subsidiary, Lion Wealth Management Limited (“Lion Wealth”), has entered into an exclusivity agreement dated April 10, 2026 with Skyfame Realty (Holdings) Limited (In Liquidation) (“Skyfame”, stock code: 00059.HK) and its joint provisional liquidators.

 

Under the Exclusivity Agreement, Lion Wealth has been granted the exclusivity to further negotiations and the entering into of a formal agreement with Skyfame in respect of the proposed restructuring and resumption of trading on the Main Board of The Stock Exchange of Hong Kong Limited (“HKEX”). The Exclusivity Agreement does not constitute any binding obligation or commitment on the parties to enter into any transaction or be bound by any terms and conditions in relation to the proposed restructuring. This exclusivity positions Lion Wealth as the sole party with the right to negotiate and advance the restructuring proposal during a six-month period, enabling focused and efficient execution to help Skyfame address its current challenges.

 

Key Highlights

 

Lion Wealth submitted a restructuring proposal to Skyfame and the joint provisional liquidators on April 7, 2026.
   
Lion Wealth has been granted exclusivity to further negotiations and the entering into of a formal agreement with Skyfame in respect of the proposed restructuring and resumption of trading.
   
Lion Wealth has engaged and is fully supported by a professional team, comprising financial advisers, independent financial advisers, Hong Kong and Bermuda legal counsel, valuers, auditors and other specialists. This professional team is working closely with the joint provisional liquidators to prepare and advance the resumption application to HKEX.

 

 

 

This arrangement highlights Lion Group’s commitment to providing structured rescue solutions to distressed listed companies, combining financial support with professional expertise to help maximize value for Skyfame’s stakeholders and facilitate a successful resumption of trading.

 

Further announcements will be made by Lion Group as and when there are material developments regarding the restructuring and resumption process.

 

About Lion Group Holding Limited:

 

Lion Group Holding Ltd. (Nasdaq: LGHL) operates an all-in-one, state-of-the-art trading platform that offers a wide spectrum of products and services, including (i) total return swap (TRS) trading, (ii) contract-for-difference (CFD) trading, and (iii) Over-the-counter (OTC) stock options trading. Additional information may be found at http://ir.liongrouphl.com.

 

Forward-Looking Statements:

 

This press release contains, “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are made under the “safe harbor” provisions of the U.S. 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, but are not limited to, statements about: Lion’s participation in the restructuring of Skyfame and the potential return/loss from the restructuring; Lion’s goals and strategies; our ability to retain and increase the number of users, members and advertising customers, and expand its service offerings; Lion’s future business development, financial condition and results of operations; expected changes in Lion’s revenues, costs or expenditures; competition in the industry; relevant government policies and regulations relating to our industry; general economic and business conditions globally; proposed crypto asset management operations; and assumptions underlying or related to any of the foregoing. 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. Additional information concerning these and other factors that may impact our expectations and projections can be found in Lion’s periodic filings with the SEC, including Lion’s Annual Report on Form 20-F for the fiscal year ended December 31, 2024. Lion’s SEC filings are available publicly on the SEC’s website at www.sec.gov.

 

Contacts

 

Lion Group Holding Ltd.

Tel: +65 8877 3871

Email: ir@liongrouphl.com

 

 

FAQ

What did Lion Group Holding Ltd. (LGHL) announce in this Form 6-K?

Lion Group announced that its subsidiary, Lion Wealth Management Limited, signed a six-month Exclusivity Agreement to negotiate a proposed restructuring of Skyfame Realty (Holdings) Limited. The goal is to support a potential resumption of Skyfame’s suspended share trading on the Hong Kong Stock Exchange.

Is Lion Group’s Exclusivity Agreement with Skyfame legally binding?

The Exclusivity Agreement is not a binding commitment to complete any transaction. It only grants Lion Wealth exclusive rights to conduct negotiations and potentially enter a formal restructuring agreement with Skyfame, without obligating any party to proceed with specific terms or capital commitments.

How long does Lion Wealth’s exclusivity over the Skyfame restructuring last?

Lion Wealth has a six-month exclusivity period under the agreement dated April 10, 2026. During this time, it is the sole party entitled to advance negotiations and work toward a formal restructuring proposal aimed at Skyfame’s trading resumption on the Hong Kong Stock Exchange.

What is the objective of Lion Group’s involvement with Skyfame Realty (Holdings) Limited?

The objective is to pursue a proposed restructuring of Skyfame and facilitate the resumption of trading of its shares on HKEX. Lion Wealth and its professional advisers are collaborating with Skyfame’s joint provisional liquidators to prepare and advance a resumption application to the exchange.

What professional resources is Lion Wealth using for the Skyfame restructuring effort?

Lion Wealth has engaged a professional team that includes financial advisers, independent financial advisers, Hong Kong and Bermuda legal counsel, valuers, auditors and other specialists. This team is working closely with Skyfame’s joint provisional liquidators to design and progress a potential restructuring and resumption plan.

Does the Skyfame restructuring exclusivity immediately impact Lion Group’s financials?

The announcement does not disclose financial terms or commitments, so there is no immediate quantified financial impact. The Exclusivity Agreement establishes a framework for exclusive negotiations; any effect on Lion Group’s financials would depend on a future formal restructuring agreement, if completed.

Filing Exhibits & Attachments

1 document