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Lichen China Limited Announces Effective Date of Reverse Stock Split and Name Change
Prnewswireยท 2025-02-27 13:30
Core Viewpoint - Lichen China Limited has announced a reverse stock split with a ratio of one-for-two-hundred, effective March 3, 2025, to comply with Nasdaq's minimum bid price requirement [1][2][4]. Group 1: Reverse Stock Split Details - The reverse stock split will affect all issued and outstanding shares of the Company's ordinary shares, increasing the par value to $0.008 per share [3]. - Shareholders will not need to take any action to receive post-split shares, as their positions will be automatically adjusted [5]. - The reverse stock split aims to increase the market price per share, helping the Company meet Nasdaq's $1.00 minimum bid price listing requirement [4]. Group 2: Company Name Change - The Company has officially changed its name from Lichen China Limited to Lichen International Limited, effective March 3, 2025, following shareholder approval [6]. Group 3: Company Background - Lichen China Limited specializes in providing financial and taxation solution services, education support services, and software maintenance services, with over 18 years of experience in the industry [7].