Benzinga | Apr 12, 2021 07:42AM EDT

Lion Announces Formation Of New SPAC, Aquarius II Acquisition Corp.

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 with a focus on Chinese investors, today announced it signed engagement letters with an underwriter and legal counsel to form a third SPAC company, Aquarius II Acquisition Corp. The deal size is expected to be $50 million.

This news follows Lion's recent announcements of its forming SPAC companies Aquarius I Acquisition Corp. as well as Skyline I Acquisition Corp. through its subsidiary Lion Wealth Management Limited.

Kingswood Capital Markets and Loeb & Loeb LLC have been engaged to act as underwriter and legal counsel for this transaction, respectively.