Core Points - Univest Securities, LLC announced a registered direct offering for Lichen China Limited, a financial and taxation service provider [1] - The offering involves the sale of 42,500,000 shares of Class A ordinary shares at a price of $0.08 per share, resulting in gross proceeds of approximately $3.4 million [2][3] Company Overview - Lichen China Limited specializes in financial and taxation solution services, education support services, and software maintenance services, operating under the "Lichen" brand [7] - The company has over 18 years of experience in the financial and taxation solution services industry, establishing a reputation for providing professional and high-quality services in China [7] Offering Details - The offering was conducted under a shelf registration statement on Form F-3, which was declared effective by the SEC on March 1, 2024 [4] - The final prospectus supplement and accompanying prospectus detailing the offering terms were filed with the SEC and are accessible on their website [4]

Core Viewpoint - Lichen China Limited has announced a registered direct offering of 42,500,000 Class A ordinary shares at a price of $0.08 per share, aiming to raise approximately $3.4 million in gross proceeds [1][2]. Group 1: Offering Details - The offering consists of Class A ordinary shares or pre-funded warrants, with a purchase price of $0.08 per share and an exercise price of $0.001 per share for the warrants [1]. - The transaction is expected to close on or about January 29, 2025, pending customary closing conditions [2]. - Univest Securities, LLC is acting as the sole placement agent for this offering [2]. Group 2: Regulatory Information - The offering is made under a shelf registration statement on Form F-3, which was declared effective by the SEC on March 1, 2024 [3]. - A final prospectus supplement and accompanying prospectus will be filed with the SEC and will be available on the SEC's website [3]. Group 3: Company Overview - Lichen China Limited specializes in financial and taxation solution services, education support services, and software maintenance services under the "Lichen" brand [5]. - The company has over 18 years of experience in the financial and taxation solution services industry, establishing a reputation for providing professional and high-quality services in China [5].

Core Viewpoint - Lichen China Limited plans to integrate the DeepSeek optimization framework into its existing AI Model for financial and taxation services, aiming to enhance efficiency and accuracy in handling complex tasks [1][2][3]. Integration Details - The integration of DeepSeek is expected to be completed by the end of Q2 2025, with a trial phase starting in early March 2025 [2]. - DeepSeek is recognized for its advanced multi-modal generation, efficient computation, and long-context processing capabilities, which will improve the AI's performance in various financial and taxation scenarios [2]. Key Benefits of DeepSeek Integration - **Multi-Modal Support**: The integration will enable the AI Model to process text, images, and audio, enhancing data extraction and analysis capabilities for a wider range of financial documents [7]. - **Efficient Computation**: Utilizing DeepSeek's sparse attention mechanisms will lead to faster response times and reduced resource consumption, making deployment more cost-effective [7]. - **Long-Context Processing**: The hierarchical attention mechanisms will improve the AI's ability to handle lengthy documents and complex queries, which is crucial in the financial and taxation sectors [7]. - **Adaptive Learning**: The AI Model will dynamically adjust its evaluation criteria based on user feedback, ensuring continuous improvement in output quality [7]. - **Enhanced Security**: DeepSeek's safety alignment technology will ensure reliable and secure outputs, meeting high standards required in financial and taxation applications [7]. Company Overview - Lichen China Limited is a leading provider of financial and taxation solutions, offering services such as financial consulting, tax planning, and software solutions under the "Lichen" brand, with over 18 years of industry experience [4].

Core Points - Lichen China Limited has received a Notification Letter from Nasdaq indicating that its ordinary shares have been below the $1.00 minimum closing bid price requirement for continued listing for the last 30 consecutive business days [1] - The Notification Letter does not currently affect the listing or trading of the Company's securities, and the Company has a compliance period of 180 calendar days until July 22, 2025, to regain compliance [2] - If the closing bid price reaches $1.00 or higher for at least ten consecutive business days during this period, Nasdaq will confirm compliance [2] - If compliance is not regained by July 22, 2025, the Company may be eligible for an additional 180-day period to regain compliance [3] - The Company will actively monitor its share bid price and evaluate options to meet the continued listing requirements [3] Company Overview - Lichen China Limited specializes in providing financial and taxation solution services, education support services, and software maintenance services under the "Lichen" brand [4] - The Company has over 18 years of experience in the financial and taxation solution services industry and is recognized for its professional and high-quality services in China [4]

XIAMEN, China, Dec. 30, 2024 /PRNewswire/ -- Lichen China Limited (Nasdaq: LICN) ("Lichen China" or the "Company"), a dedicated financial and taxation service provider in China today announced that it has entered into a definitive agreement with several investors for the purchase and sale of an aggregate of 25,000,000 of the Company's Class A ordinary share, par value $0.00004 per share (the "Shares") (or pre-funded warrants in lieu thereof) at a purchase price of $0.125 per share in a registered direct off ...

New York, Dec. 27, 2024 (GLOBE NEWSWIRE) -- Univest Securities, LLC ("Univest"), a member of FINRA and SIPC, and a full-service investment bank and securities broker-dealer firm based in New York, today announced the closing of registered direct offering (the "Offering") for its client Lichen China Limited (NASDAQ:LICN) (the "Company"), a dedicated financial and taxation service provider. Under the terms of the securities purchase agreement, the Company has agreed to sell to several investors for the purcha ...

XIAMEN, China, Dec. 26, 2024 /PRNewswire/ -- Lichen China Limited (Nasdaq: LICN) ("Lichen China" or the "Company"), a dedicated financial and taxation service provider in China today announced that it has entered into a definitive agreement with several investors for the purchase and sale of an aggregate of 20,000,000 of the Company's Class A ordinary share, par value $0.00004 per share (the "Shares") (or pre-funded warrants in lieu thereof) at a purchase price of $0.14 per share in a registered direct offe ...

XIAMEN, China, Dec. 17, 2024 /PRNewswire/ -- Lichen China Limited (the "Company" or "Lichen China")(NASDAQ: LICN), a dedicated financial and taxation service provider in China, today announced that the AI large-scale model it has co-developed with JD Technology(JDT) is scheduled to commence its formal trial operation at the end of December. In October 2024, the Company entered into a cooperation framework agreement with JDT at the JD headquarters in Beijing. JD Technology (JDT) is a business group under JD. ...

New York, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Univest Securities, LLC ("Univest"), a member of FINRA and SIPC, and a full-service investment bank and securities broker-dealer firm based in New York, today announced the closing of registered direct offering (the "Offering") for its client Lichen China Limited (NASDAQ:LICN) (the "Company"), a dedicated financial and taxation service provider. Under the terms of the securities purchase agreement, the Company has agreed to sell to several investors an aggregate o ...

XIAMEN, China, Dec. 12, 2024 /PRNewswire/ -- Lichen China Limited (Nasdaq: LICN) ("Lichen China" or the "Company"), a dedicated financial and taxation service provider in China today announced that it has entered into a definitive agreement with several investors for the purchase and sale of an aggregate of 15,000,000 of the Company's Class A ordinary share, par value $0.00004 per share (the "Shares") (or pre-funded warrants in lieu thereof) at a purchase price of $0.18 per share in a registered direct offe ...