Univest Securities, LLC Announces Closing of $2.8 Million Registered Direct Offering for its Client Lichen China Limited (NASDAQ: LICN)

Group 1 - Univest Securities, LLC acted as the sole placement agent for Lichen China Limited's registered direct offering [1][8] - Lichen China Limited is a dedicated financial and taxation service provider with over 18 years of experience in the industry [6][10] - The registered direct offering was conducted under a shelf registration statement previously filed with the SEC, which was declared effective on March 1, 2024 [9] Group 2 - The offering involved the sale of an aggregate of 20,000,000 shares of Class A ordinary shares at a purchase price of $0.14 per share, resulting in gross proceeds of approximately $2.8 million for the company [4][12] - The purchase price for pre-funded warrants was identical to the purchase price for shares, less the exercise price of $0.001 per share [4] - The final prospectus supplement and accompanying prospectus detailing the terms of the offering were filed with the SEC and are available on their website [9]