Lion Group Holding To Acquire 60% Post-investment Equity Stake In Agunua Technology Valued At $4.8M, Using $2.88M Worth Of ADS's Priced At $1.2/ADS
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Lion Group Holding Ltd. (NASDAQ: LGHL) announced plans to acquire a 60% equity stake in Agunua Technology for $4.8 million, using $2.88 million worth of ADS priced at $1.2 per ADS. This move aims to expand Lion Group's presence in the global carbon finance market.
August 19, 2024 | 10:40 am
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Lion Group Holding Ltd. (NASDAQ: LGHL) plans to acquire a 60% equity stake in Agunua Technology for $4.8 million, using $2.88 million worth of ADS priced at $1.2 per ADS. This strategic investment aims to enhance Lion Group's competitiveness in the global carbon finance market.
The acquisition of a significant stake in Agunua Technology is a strategic move for Lion Group, enhancing its presence in the growing global carbon finance market. This could positively impact LGHL's stock price in the short term as investors react to the potential for increased competitiveness and market expansion.
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