Lion Group Holding Ltd. (NASDAQ: LGHL) plans to acquire a 60% equity stake in Hong Kong's Agunua Technology for $4.8M.

The investment, funded with $2.88M worth of American Depositary Shares (ADS), prices each ADS at $1.2. This deal awaits a definitive agreement and certain conditions.

This strategic move supports Lion's expansion in the global carbon finance market. The acquisition gives Lion exclusive rights to the SIGX carbon credit trading platform.

With its sovereign-backed license, SIGX stands as the foremost platform for green asset trading in South Pacific nations, offering a secure and transparent environment for carbon market participants.

CEO Chunning (Wilson) Wang stated, "Our investment marks significant business growth and positions us to lead the global carbon finance market."