Lichen China Limited Announces $2.70 Million Registered Direct Offering

Core Viewpoint - Lichen China Limited has announced a registered direct offering of 15,000,000 Class A ordinary shares at a price of $0.18 per share, aiming to raise approximately $2.70 million in gross proceeds [1][2]. Group 1: Offering Details - The offering consists of 15,000,000 shares or prefunded warrants, with a purchase price of $0.18 per share [1]. - The pre-funded warrants have an exercise price of $0.001 per share, making the total effective price for the warrants equivalent to the share price [1]. - The transaction is expected to close on or about December 13, 2024, pending customary closing conditions [2]. Group 2: Placement Agent and Regulatory Information - Univest Securities, LLC is acting as the sole placement agent for this offering [3]. - The offering is conducted under a shelf registration statement on Form F-3, which was declared effective by the SEC on March 1, 2024 [4]. 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 [6]. - 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 [6].