Lion Announces Successful Blind Box Sales

HONG KONG, Jan. 19, 2022 /PRNewswire/ -- Lion Group Holding Ltd. ("Lion" or "the Company") (NASDAQ: LGHL), operator of an all-in-one trading platform that offers a wide spectrum of products and services and developer of new growth products that include SPAC sponsorship, NFT, and metaverse-related initiatives, today announced the successful sales of its blind boxes.

MetaWords, Lion's meta-language NFT, attracted much attention since its launch last week. In addition to the unique mechanics that allows for universal participation in the creation of new works, MetaWords has introduced the blind box. On January 17, 2022, Lion offered its MetaWords blind boxes to the market. Since the launch, all 2,742 blind boxes, containing MetaWords characters as well as fragments of Xu Bing'sBook from the Ground, have sold out.

Since the project's launch on January 14, 2022, the Lion NFT platform introduced one new MetaWords character for auction each day with a floor price of 30BNB. The highly-anticipated blind box launched shortly after on Jan 17, 2022. The first batch of 2,742 blind boxes contain 41 MetaWords characters and one high-level fragment, while the remaining blind boxes contain ordinary fragments of Book from the Ground. Ordinary fragments can be traded as well as collected to exchange for bonuses. High-level fragments can be collected and assembled into Book from the Ground, allowing users to become MetaWords partners.

On January 18, 2022, MetaWords announced the launch of its "Creation Tools" feature that allows users to easily create new characters. Adhering to the essence of the NFT community's bottom-up method, this new launch confirms that MetaWords, as a meta-language infrastructure, differs from other digital collections. Users can now log onto lionnft.io and start making their own metaverse creations.

About Lion

Lion Group Holding Ltd. (Nasdaq: LGHL) operates an all-in one, state-of-the-art trading platform that offer a wide spectrum of products and services, including (i) total return service (TRS) trading, (ii) contract-for-difference (CFD) trading, (iii) insurance brokerage, and (iv) futures and securities brokerage. In addition, Lion owns a professional and experienced SPAC sponsorship team to become a leader in the SPAC arena, helping guide private companies through their listing journey while creating value for Lion itself. Lion is also fully committed to building the world's top one-stop, cross-chain, high-expansion non-fungible token (NFT) marketplace and entering metaverse space through blockchain technology. Additional information may be found at https://ir.liongrouphl.com.

Forward-Looking Statements

This press release contains, "forward-looking statements" within the meaning of the "safe harbor" provisions of the 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, without limitation, Lion's expectations with respect to future performance and anticipated financial impacts of the Business combination, the satisfaction of the closing conditions to the business combination and the timing of the completion of the business combination. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are outside the control of Lion and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) the inability to maintain the listing of the post-acquisition company's ADSs on NASDAQ following the business combination; (2) the risk that the business combination disrupts current plans and operations as a result of the announcement and consummation of the transactions described herein; (3) the inability to recognize the anticipated benefits of the business combination, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably and retain its key employees; (4) costs related to the business combination; (5) changes in applicable laws or regulations; (6) the possibility that Lion may be adversely affected by other economic, business, and/or competitive factors; and (7) other risks and uncertainties to be identified in the proxy statement/prospectus relating to the business combination, including those under "Risk Factors" therein, and in other filings with the Securities and Exchange Commission ("SEC") made by Lion. 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.

Contacts

Lion Group Holding
Tel: +852 2820 9011
Email: ir@liongrouphl.com

ICR, LLC
William Zima
Tel: +1 203 682 8233
Email: ir@liongrouphl.com

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SOURCE Lion Group Holding Ltd.