Lichen China Limited Announces $3.4 Million Registered Direct Offering

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].