Lion Group Holding (LGHL) has agreed to participate in an investment of up to $12 million tied to Indonesian technology company Nusantara Bumi Sangkara through a non-cash transaction, according to a Monday statement.

The agreement was signed with Meili Capital Management, under which Lion Group will issue ordinary shares represented by American Depositary Shares, or other equity-linked securities, in exchange for a 10% indirect economic interest in Nusantara Bumi Sangkara, Lion Group said.

The company said the transaction does not constitute a direct equity investment in Nusantara Bumi Sangkara, but provides indirect economic participation through Meili or its designated investment vehicle.

The transaction remains subject to certain conditions, including regulatory approvals, the company added.

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