Lion Group Holding Ltd consummated a subsequent offering of an additional senior secured convertible note to an institutional buyer on September 28, 2025. The company sold the Subsequent Offering Note in a principal amount of $3,000,000 under terms identical to those issued on June 18, 2025. Net proceeds will fund general working capital and support the restructuring of Skyfame Realty (Holdings) Limited, with no funds directed to collateral accounts or token purchases. The company anticipates requiring additional capital for the Skyfame restructuring and will evaluate further financing options as needed. Lion Group Holding Ltd operates in the technology and financial services sector.