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LGHL Announces Strategic Investment in Indonesian Stablecoin and Digital Financial Infrastructure Provider via Stock-for-Participation Arrangement

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SINGAPORE, June 22, 2026 /PRNewswire/ — Lion Group Holding Ltd. (NASDAQ: LGHL) (“Lion Group” or the “Company”), a leading operator of an all-in-one trading platform and digital asset treasury holder, today announced its participation in an investment in PT Nusantara Bumi Sangkara (the “Target Company”), an Indonesia-based technology company focused on digital financial solutions, including the issuance of the Indonesian Rupiah-pegged stablecoin NIDR.

Under the Investment Participation and Economic Interest Arrangement Agreement with Meili Capital Management Limited (“Meili”), Lion Group will provide investment consideration of up to USD 12,000,000 through a non-cash transaction involving the issuance of its ordinary shares (represented by American Depositary Shares or ADSs) or other equity-linked securities. Upon completion, Lion Group will obtain a 10% indirect economic interest or equivalent participation in the Target Company through Meili or its designated investment vehicle. This structure aligns with the framework previously established under the Parties’ strategic cooperation MOU.

The Target Company is developing NIDR, a compliant stablecoin pegged 1:1 to the Indonesian Rupiah, supported by safe and liquid reserve assets. It aims to provide low-cost, cross-border fund transfer and value exchange services, while building broader digital financial infrastructure integrating blockchain, smart contracts, AI-driven risk control, and automated decision-making. Recent regulatory progress includes approvals or confirmations from Indonesia’s Financial Services Authority (OJK), positioning it as a potential early compliant stablecoin issuer in the market.

Strategic Alignment with Aquila AI Infrastructure and DAT (Digital Asset Treasury) Initiatives

This investment represents a key step in Lion Group’s dual-track growth strategy:

Digital Asset Treasury (DAT): By participating in a compliant, real-world-asset (RWA) backed stablecoin and digital payments platform, Lion Group further diversifies and strengthens its digital asset treasury. This complements the Company’s existing holdings and treasury reallocations into high-potential ecosystems (including Hyperliquid and Bitcoin), enhancing exposure to tokenized value exchange, payments, and on-chain infrastructure in high-growth Southeast Asian markets.Aquila AI Infrastructure: The Target Company’s integration of AI-driven risk control, intelligent analytics, fraud detection, and automated liquidity management directly synergizes with Lion Group’s proposed acquisition of Aquila Hash, Inc., a U.S.-headquartered global AI infrastructure platform specializing in AI Factories, GPU cloud platforms, and AI-native services. Together, these initiatives position Lion Group at the forefront of AI-Web3 convergence, enabling advanced applications in digital finance, DePIN, real-world asset tokenization, and scalable financial infrastructure.

Mr. Wilson Wang, Chief Executive Officer of Lion Group Holding Ltd., commented: “This strategic participation through Meili marks a significant milestone in our expansion into Southeast Asia’s digital economy. By leveraging stock consideration in a non-cash transaction, we preserve capital while gaining exposure to a promising stablecoin and digital payments platform that aligns seamlessly with our DAT treasury strategy and Aquila AI infrastructure ambitions. We are excited about the potential synergies in AI-powered financial services and blockchain innovation.”

The transaction remains subject to customary conditions, including necessary approvals, definitive documentation, and compliance with Nasdaq, SEC, and other regulatory requirements. It does not constitute a direct equity investment by Lion Group in the Target Company but provides indirect economic participation.

About Lion Group Holding Ltd.

Lion Group Holding Ltd. (Nasdaq: LGHL) operates an all-in-one, state-of-the-art trading platform that offers a wide spectrum of products and services, including (i) total return swap (TRS) trading, (ii) contract-for-difference (CFD) trading, and (iii) Over-the-counter (OTC) stock options trading. Additional information may be found at http://ir.liongrouphl.com

About Meili Capital Management Limited

 Meili Capital Management Limited is an asset management group specializing in digital assets, tokenization of real-world assets, fund structuring, and global capital markets, with deep expertise in identifying and evaluating high-quality investment opportunities in the Web3 ecosystem.

About PT Nusantara Bumi Sangkara

PT Nusantara Bumi Sangkara is a technology company developing digital financial infrastructure in Indonesia, with a core focus on the issuance and management of NIDR — an Indonesian Rupiah-pegged stablecoin (1:1 peg) intended to be backed by safe and highly liquid reserve assets. The company aims to provide low-cost, cross-border fund transfer and value exchange services for individual users and enterprises.

Beyond stablecoin issuance, the Target Company is building a comprehensive digital financial ecosystem that integrates blockchain, smart contracts, AI-driven risk control, automated decision-making, and intelligent liquidity management. It seeks to support Indonesia’s digital economy, financial inclusion, and payment settlement infrastructure. The company has obtained relevant approvals/confirmations from Indonesia’s Financial Services Authority (OJK) and is advancing custodian arrangements, reserve asset allocation, and system testing ahead of formal NIDR issuance.

Forward-Looking Statements

This press release contains, “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Lion Group’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, but are not limited to, statements about: Lion Group’s entry into a Investment Participation and Economic Interest Arrangement Agreement and its anticipated benefits; Lion Group’s participation in Meili’s investment in the Target Company, including the ability to fulfill the parties’ obligations under the definitive agreements, the expected timing, structure, and terms of the investment, and the satisfaction of closing conditions; the expected synergies of the proposed transaction with Lion Group’s acquisition of Aquila Hash, Inc. and its broader strategic initiatives, including the potential expansion into Southeast Asia’s digital economy, exposure to regulated digital financial infrastructure, stablecoin platforms, and AI-driven risk control technologies; expectations regarding the adoption of blockchain, AI-enabled analytics, and digital asset solutions in target markets; Lion Group’s goals and strategies; Lion Group’s future business development, financial condition and results of operations; and assumptions underlying or related to any of the foregoing. Lion Group cautions that the foregoing list of factors is not exclusive. Lion Group cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Lion Group 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. Additional information concerning these and other factors that may impact our expectations and projections can be found in Lion Group’s periodic filings with the SEC, including Lion Group’s Annual Report on Form 20-F for the fiscal year ended December 31, 2025. Lion Group’s SEC filings are available publicly on the SEC’s website at www.sec.gov.

Contacts

Lion Group Holding Ltd.
Tel: +65 8877 3871
Email: ir@liongrouphl.com

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SOURCE Lion Group Holding Ltd.

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Heidrick & Struggles Strengthens Board with Appointment of AI and Talent Leaders Aseem Datar and Leanne Wood

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New Appointments Bring Strategic Expertise to Support Firm’s Next Chapter of Growth

CHICAGO, June 22, 2026 /PRNewswire/ — Heidrick & Struggles today announced the appointments of Aseem Datar, Corporate Vice President, AI Platform and Quantum at Microsoft, and Leanne Wood, former Chief Human Resources Officer at Vodafone, to the firm’s Board of Managers, the company’s governing body. The appointments follow the recent designation of Tom Monahan, who continues to serve as Chief Executive Officer of Heidrick & Struggles, as Vice Chairman of the Board, alongside the appointment of Tom Murray, President of Heidrick & Struggles, to the Board. Together, these appointments further strengthen the Board’s expertise across technology, leadership, talent, and organizational transformation as the firm enters its next phase of growth as a private company.

Datar and Wood bring significant expertise across technology innovation, leadership, organizational transformation, and global business strategy as Heidrick & Struggles continues advancing its long-term growth strategy and leadership advisory capabilities worldwide.

“We are delighted to welcome Aseem and Leanne to our Board of Managers,” said Tom Monahan, Chief Executive Officer and Vice Chairman of the Board of Heidrick & Struggles. “Our Board’s expertise reflects some of the most consequential forces shaping the future of leadership and business today. Aseem’s experience at the forefront of AI innovation and enterprise technology, combined with Leanne’s distinguished leadership across talent, culture, and organizational transformation, will provide invaluable perspectives as we continue investing in innovation and helping clients navigate increasingly complex leadership challenges around the world.”

Datar is Corporate Vice President, AI Platform and Quantum at Microsoft, where he leads the company’s strategy and execution across advanced AI and next-generation computing. Over more than two decades at Microsoft, he has scaled some of its most significant businesses, holding senior leadership roles in business and product strategy, operations, and cloud and AI platform growth — including as Chief Operating Officer for Microsoft Azure. He also brings experience working with emerging technology and venture-backed companies through his time at Madrona Venture Group.

Wood is an accomplished global business and board leader with extensive experience across talent strategy, organizational transformation, and corporate governance. Most recently, she served as Chief Human Resources Officer at Vodafone, where she led global people and organizational transformation initiatives across more than 100,000 employees and operations spanning Europe and Africa. Her experience also includes global senior leadership roles at Burberry and Diageo, where she helped guide complex business transformation, leadership succession, and culture initiatives. She also brings prior board experience, having served as Chair of Vodafone Shared Operations Limited and as a Non-Executive Director at Compass Group and Vodacom Africa.

“As Heidrick & Struggles continues building on its strong market position following the recent transition to private ownership, attracting world-class leaders to our Board remains a critical priority,” said Carmine Di Sibio, Chairman of the Board of Heidrick & Struggles. “Aseem and Leanne each bring highly relevant experience across technology innovation, talent leadership, and organizational transformation that will help guide the firm as it continues investing in innovation and delivering exceptional value for clients globally.”

Following the company’s take-private transaction led by Advent International, Corvex Private Equity, and a global network of strategic investors in late 2025, Heidrick’s Board of Managers reflects a combination of firm leadership and investor representation alongside independent business leaders. The Board is chaired by Carmine Di Sibio, Operating Partner at Advent International and Former Global Chair and CEO of EY. Tom Monahan, Chief Executive Officer of Heidrick & Struggles, was recently appointed Vice Chairman of the Board, and Tom Murray, President of Heidrick & Struggles, was recently appointed to the Board. Additional Board members include Joe Costa, Managing Partner of Corvex Private Equity; John DiCola, Managing Director at Advent; Mark Dirzulaitis, Director at Advent; and Chris Satti, President of Salem Capital Management. Chris Egan, Managing Partner at Advent, and Paul Yun, Managing Director at Mousse Partners, serve as Board observers.

About Heidrick & Struggles 
Heidrick & Struggles is the world’s foremost advisor on executive leadership, driving superior client performance through premier human capital leadership advisory services. For more than 70 years, we have delivered value for our clients by leveraging unrivaled expertise to help organizations discover and enable outstanding leaders and teams. Learn more at www.heidrick.com.

Media Contact
Bianca Wilson
Global Director, Public Relations
Heidrick & Struggles 
bwilson@heidrick.com 

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Chainguard Named a Leader in Inaugural Gartner® Magic Quadrant™ for Software Supply Chain Security

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Chainguard positioned furthest right for Completeness of Vision among all vendors evaluated

KIRKLAND, Wash., June 22, 2026 /PRNewswire/ — Chainguard, the trusted source for open source, today announced it has been named a Leader in the inaugural Gartner® Magic Quadrant™ for Software Supply Chain Security. Chainguard is positioned furthest right for Completeness of Vision among all vendors evaluated. Chainguard has made secure-by-default the standard for software supply chain security, delivering open source that’s secure and ready for production.

As AI-assisted development accelerates and attackers exploit new vulnerabilities in a matter of minutes, organizations can no longer rely on scanning artifacts after the fact. Prevention is the only solution. Chainguard’s platform has grown to cover more than 2,500 container projects and millions of language library versions, as well as virtual machines, CI/CD workflows, agent skills, and OS packages. Chainguard Factory, which has processed more than 1 billion unique build manifests to date, is the agentic engine that enables the company to scale to tens of thousands of packages, remediate CVEs within hours rather than days, and deliver security at industry-leading velocity.

“The software supply chain threat landscape is changing faster than traditional security tools were designed to handle. AI is only widening that gap, giving attackers new ways to find and exploit vulnerabilities before most teams even know they exist. We believe the Gartner recognition of Software Supply Chain Security as a category is a critical step in helping organizations understand the threat they’re up against, and what it takes to stay ahead of it,” said Patrick Donahue, Senior Vice President of Product, Chainguard. “Chainguard builds your supply chain from the ground up, with trusted source, hardened artifacts, secured pipelines, and clean provenance by default. Prevention is the only viable strategy for this new AI era, and Chainguard was built for this moment.”

Securing the software supply chain from source to production

The software supply chain has become the most consequential attack surface in modern infrastructure. Malware campaigns have targeted language libraries, CI/CD pipelines, and AI coding tools, while AI models are accelerating the discovery and exploitation of vulnerabilities faster than traditional remediation workflows can respond. Chainguard addresses this across every layer of the stack.

Chainguard’s catalog of trusted open source is continuously rebuilt from verified source code in an isolated environment through the Chainguard Factory. Chainguard Libraries are malware-resistant, Chainguard Containers ship with zero known CVEs, and Chainguard Actions and Agent Skills leverage hardening rulesets to continuously assess the security posture of critical AI and CI/CD open source artifacts. All artifacts come with cryptographic signatures, signed SBOMs, and SLSA L3-aligned provenance, so engineers have confidence in what they are running in production, and security teams have the compliance evidence to match.

By delivering container images with near-zero known CVEs, Chainguard eliminates vulnerability noise before it ever reaches customer pipelines, so security teams spend less time triaging alerts and more time mitigating risks that actually matter. Chainguard’s preventive foundation helps organizations meet regulatory mandates such as FedRAMP, the NIS2 Directive, and the EU CRA without relying on reactive security management.

To learn more about Chainguard’s recognition as a Leader in the 2026 Gartner Magic Quadrant for Software Supply Chain Security report and read a complimentary copy, visit https://get.chainguard.dev/gartnermq2026.

Gartner Disclaimer
Gartner does not endorse any company, vendor, product or service depicted in its publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner publications consist of the opinions of Gartner’s business and technology insights organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this publication, including any warranties of merchantability or fitness for a particular purpose.

Gartner and Magic Quadrant are a trademark of Gartner, Inc., and/or its affiliates.

About Chainguard
Chainguard is the trust layer for open source software. Its solutions provide engineers and AI agents with the hardened, trusted, and production-ready artifacts they rely on, so organizations can build fast while staying compliant and protecting against AI supply chain attacks. Customers include Fortune 500 enterprises and global industry leaders, including Anduril, Canva, Fortinet, Hewlett Packard Enterprise, OpenAI, Snap Inc., and Snowflake. Chainguard is venture-backed by leading investors, including Amplify, IVP, Kleiner Perkins, Lightspeed Venture Partners, Mantis VC, Redpoint Ventures, Sequoia Capital, and Spark Capital. For more information, visit: https://www.chainguard.dev/

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In HelloNation, Wealth Advisor Matt Cuplin Explains How Taxes Affect Retirement Income

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The article examines how taxes can affect retirement income from multiple sources long after employment ends.

MADISON, Wis., June 22, 2026 /PRNewswire/ — How can taxes affect the retirement income you’ve worked years to build?

HelloNation has published an article that provides the answer by explaining how different income sources may be taxed during retirement and why those tax consequences deserve careful attention.

The article features insights from Matt Cuplin of Midwest Financial Group and explains why taxation is often an overlooked part of retirement planning. While many people spend decades building savings and investments, the article notes that understanding how retirement income is taxed can be just as important as accumulating assets.

The HelloNation article explains that one of the most common sources of retirement income comes from retirement accounts. Traditional retirement accounts often provide tax advantages during working years, but retirement account withdrawals may be subject to ordinary income taxes after retirement. According to the article, many retirees are surprised by how retirement account withdrawals can influence their overall taxable income and spending power.

Another important source of retirement income discussed in the article is Social Security benefits. While some retirees assume Social Security benefits are always tax-free, the article explains that a portion of Social Security benefits may be taxable depending on income levels and individual circumstances. Because Social Security benefits often work alongside other income sources, understanding their role within a broader tax strategy is essential.

The article also highlights the importance of investment income. Retirement income may include interest, dividends, capital gains, and earnings generated from taxable accounts. Unlike retirement account withdrawals, investment income may be taxed under different rules. Understanding how investment income affects taxable income can help retirees gain a more complete view of their financial situation.

According to the article, the challenge for many retirees is that multiple income sources often work together. A retiree may receive Social Security benefits, take distributions from retirement accounts, and generate investment income simultaneously. Each source can affect taxable income differently, making tax planning an important component of effective retirement planning.

The article emphasizes that tax planning does not end when employment income stops. In many cases, retirement introduces new tax considerations that did not exist during working years. Required distributions, evolving financial goals, and changing income streams can all influence retirement income and future tax obligations.

Another key point discussed in the article is the importance of evaluating long-term outcomes. Retirement often lasts for decades, and decisions made early can affect future retirement income and tax consequences. Incorporating tax planning into retirement planning allows individuals to better understand how current decisions may influence future financial flexibility.

The article also notes that many retirees focus primarily on how much income they expect to receive rather than how much may remain after taxes. A retirement income strategy that appears sufficient before taxes can look very different once taxable income and tax liabilities are considered. Evaluating these factors together can provide a more realistic understanding of available spending power.

According to the article, every retiree’s situation is unique. Account balances, filing status, retirement accounts, investment holdings, and income sources can all affect taxable income differently. Understanding how each component contributes to retirement income helps support more informed decision-making.

The article concludes that careful attention to retirement income, retirement account withdrawals, Social Security benefits, and investment income can help retirees avoid unexpected tax surprises. By making tax planning a consistent part of retirement planning, individuals can gain greater clarity about taxable income and build a stronger foundation for long-term financial confidence.

The Hidden Tax Risks of Retirement Income features insights from Matt Cuplin, Wealth Advisor of Madison, WI, in HelloNation.

About HelloNation

HelloNation is America’s Good News Network, a premier media platform built on the idea that good news travels faster when real people tell real stories. Through its community-focused publications and innovative “edvertising” approach, HelloNation delivers content that informs, inspires, and spotlights the leaders making a meaningful impact in their communities.

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