Lion Group Holding Ltd. Subsequent Offering

Lion Group Holding Ltd. has completed a subsequent offering of a senior secured convertible note amounting to $3,000,000. This note was sold to a single institutional buyer and carries the same terms as previously issued notes. The proceeds will be allocated to general working capital and to fund the restructuring of Skyfame Realty (Holdings) Limited. The company anticipates that further capital may be required for the Skyfame restructuring and will explore financing options as the process unfolds. The offering and sale of the note and any underlying shares are being conducted under an exemption from registration pursuant to Section 4(a)(2) of the Securities Act of 1933.