On June 18, 2026, Lion Group Holding Ltd. entered into a non-binding memorandum of understanding with Aquila Hash, Inc. for the potential acquisition of 100% of Aquila Hash's issued and outstanding capital stock. The agreement establishes a 60-day mutual due diligence and exclusivity period to negotiate a definitive agreement regarding transaction structure and consideration. Lion Group Holding Ltd. operates in the aviation industry as a holding company for airline operations.