Lion Group Holding Ltd (LGHL) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: August 22, 2025

Risk Assessment Details

Potential Dilution: 5939.25% of current shares
Recent Dilution: 0% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
1.3B
Potential Supply
76B
Additional shares possible
Splits
None
Past 2 years

Summary

LGHL currently has 1.28B outstanding shares. with significant dilution risk as 76.1B authorized shares could dilute existing holders by 5939.2%. The company has not diluted shareholders through share issuances in the past 2 years, which is positive for existing holders.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Aug 22, 2025

F-3 filing: This F-3 filing registers the offer and resale of up to 76,016,240,339 Class A ordinary shares in the form of 30,406,496 American Depositary Shares by a selling securityholder, as well as the potential sale of up to $600 million in newly issued senior secured convertible notes.

1.3B 76B
Apr 30, 2025

20-F filing | 1281.2M shares outstanding

1.3B 80M
Apr 30, 2024

20-F filing | 179.3M shares outstanding

180M 80M
Apr 28, 2023

20-F filing | 48.8M shares outstanding

49M 80M
Jan 20, 2023

F-3 filing: Lion Group Holding Ltd. is offering up to $200,000,000 of any combination of Class A ordinary shares, Class A ordinary shares in the form of American Depositary Shares, preferred shares, preferred shares in the form of American Depositary Shares, debt securities, warrants, units, or rights.

30M 80M
Apr 22, 2022

20-F filing | 29.7M shares outstanding

30M 80M
Jul 06, 2021

POS AM filing: This POS AM filing registers for resale an aggregate of 6,000,000 Class A Ordinary Shares represented by American Depositary Shares (ADS) issuable upon exercise of options by the selling shareholder.

37M 80M
Apr 13, 2021

F-1 filing: This F-1 filing registers for resale 6,000,000 Class A Ordinary Shares represented by American Depositary Shares (ADS) by the selling shareholder Yao Yongjie.

37M 86M
Mar 31, 2021

20-F filing | 27.2M shares outstanding

27M 80M
Feb 22, 2021

F-1 filing: This F-1 filing registers for resale 2,333,333 Class A Ordinary Shares represented by American Depositary Shares (ADS) pursuant to Series A Convertible Preferred Shares and an aggregate of 29,311,110 ADSs.

25M 80M
Jan 21, 2021

F-1 filing: This F-1 filing registers for resale an aggregate of 15,380,000 Class A Ordinary Shares, represented by American Depositary Shares (ADS), of Lion Group Holding Ltd.

19M 48M
Nov 18, 2020

F-1 filing: LION GROUP HOLDING LTD. is offering 300,000 Shares of 10% Series A Cumulative Redeemable Perpetual Preferred Stock at $25.00 per Share.

24M 33M
Oct 01, 2020

F-1 filing: This F-1 filing relates to the resale of up to 3,316,667 Class A Ordinary Shares and 1,666,667 Class A Ordinary Shares issuable upon the exercise of warrants.

24M 33M
Aug 03, 2020

F-1 filing: This F-1 filing describes the issuance of Class A Ordinary Shares and ADSs upon exercise of warrants, resale of Class A Ordinary Shares by original shareholders, and a securities purchase agreement with investors.

24M 27M
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