Univest Securities, LLC Announces Closing of $3.4 Million Registered Direct Offering for its Client Lichen China Limited (NASDAQ: LICN)

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]