Univest Securities, LLC Announces Closing of $2.7 Million Registered Direct Offering for its Client Lichen China Limited (NASDAQ: LICN)

Core Viewpoint - Univest Securities, LLC has successfully closed a registered direct offering for Lichen China Limited, raising approximately $2.7 million through the sale of 15 million shares at a price of $0.18 per share [1][3][2]. Group 1: Offering Details - The offering involved the sale of 15,000,000 shares of Class A ordinary shares at a purchase price of $0.18 per share, with pre-funded warrants available at the same price minus an exercise price of $0.001 per share [2]. - The total gross proceeds from the offering amounted to approximately $2.7 million [3]. Group 2: Company Background - Lichen China Limited specializes in providing financial and taxation solution services, education support services, and software maintenance services under the "Lichen" brand, with over 18 years of experience in the industry [8]. - The company has established a strong reputation for delivering professional and high-quality financial and taxation services in China [8]. Group 3: Placement Agent - Univest Securities, LLC acted as the sole placement agent for the offering [4].