Lichen China Limited Secures $2.70 Million in Direct Stock Offering to Expand Financial Services

Lichen China Limited Secures $2.70 Million in Direct Stock Offering

Lichen China Limited, a prominent provider of financial and taxation solutions in China, has officially announced its entry into a definitive agreement with several investors for a significant registered direct stock offering worth approximately $2.70 million. The deal involves the issuance and sale of 15 million Class A ordinary shares of the company, priced at $0.18 each, or alternatively, pre-funded warrants that are priced in a similar manner but allow for an exercise price of $0.001 per share.

This strategic move is anticipated to close on or around December 13, 2024, pending the satisfaction of customary closing conditions. The company has engaged Univest Securities, LLC as the exclusive placement agent for this transaction.

The registered direct offering is made possible through a previously filed shelf registration statement on Form F-3 with the U.S. Securities and Exchange Commission (SEC), which was effective as of March 1, 2024. Consequently, a final prospectus supplement, including detailed terms of the offering, will be submitted to the SEC and will be accessible on their official website.

Lichen China, operating under the