Wang Acquires 10% Stake in Lion Group Holding Ltd

TL;DR

**WANG BUYS 10% OF LION GROUP!**

AI Summary

Chunning Wang has filed a Schedule 13D for Lion Group Holding Ltd, reporting beneficial ownership of 10,000,000 Class A ordinary shares as of December 14, 2023. This represents 10.0% of the outstanding shares, triggering the need for this filing. Wang is located at 3 Phillip Street, #15-04 Royal Group Building, Singapore.

Why It Matters

This filing indicates a significant ownership stake by an individual, which could signal a desire for influence or a strategic investment in Lion Group Holding Ltd.

Risk Assessment

Risk Level: medium — A new significant shareholder filing a 13D can indicate potential changes in control or strategy, warranting close monitoring.

Key Numbers

• 10,000,000 — Shares Owned (Represents a significant stake in the company.)
• 10.0% — Ownership Percentage (Indicates beneficial ownership exceeding the 5% threshold for 13D filing.)

Key Players & Entities

• Chunning Wang (person) — Filing person and beneficial owner
• Lion Group Holding Ltd (company) — Subject company
• 10,000,000 (dollar_amount) — Number of shares owned
• 10.0% (dollar_amount) — Percentage of outstanding shares owned
• December 14, 2023 (date) — Date of event requiring filing

FAQ

Key Financial Figures

• $0.0001 — ) Class A ordinary shares, par value US$0.0001 per share (Title of Class of Securiti

Filing Documents

• ea0208559-13dwang_lion.htm (SC 13D) — 41KB
• 0001213900-24-057258.txt ( ) — 43KB

by reference

Item 4 by reference. The Reporting Persons acquired the Class A ordinary shares of the Issuer reported herein for incentive compensation. Although the Reporting Persons have no present intention to acquire additional securities of the Issuer, the Reporting Persons intend to review the investment on a regular basis and, as a result thereof and subject to applicable laws and regulations, may at any time or from time to time determine, either alone or as part of a group, (i) to acquire additional securities of the Company, through open market purchases, privately negotiated transactions or otherwise, (ii) to dispose of all or a portion of the securities of the Company owned by the Reporting Persons in the open market, in privately negotiated transactions or otherwise, or (iii) to take any other available course of action, which could involve one or more of the types of transactions or have one or more of the results described in the next paragraph of this Item 4. Any such acquisition or disposition or other transaction would be made in compliance with all applicable laws and regulations. Notwithstanding anything contained herein, the Reporting Persons specifically reserve the right to change their intention with respect to any or all of such matters. In reaching any decision as to a course of action (as well as to the specific elements thereof), the Reporting Persons currently expect to take into consideration a variety of factors, including, but not limited to, the following: the Issuer’s business and prospects; other developments concerning the Issuer and its businesses generally; other business opportunities available to the Reporting Persons; changes in law and government regulations; general economic conditions; and money and stock market conditions, including the market price of the securities of the Issuer. Item 5. Interest in Securities of the Issuer. (a), (b) The responses in items (7) through (13) of the cover pages of this Schedule 13D are hereby

View Full Filing

View this SC 13D filing on SEC EDGAR