XIAMEN,
China, Dec. 26, 2024 /PRNewswire/ -- Lichen
China Limited (Nasdaq: LICN) ("Lichen China" or the
"Company"), a dedicated financial and taxation service provider
in China today announced that it has entered into a definitive
agreement with several investors for the purchase and sale of an
aggregate of 20,000,000 of the Company's Class A ordinary share,
par value $0.00004 per share (the
"Shares") (or pre-funded warrants in lieu thereof) at a purchase
price of $0.14 per share in a
registered direct offering. The purchase price for the pre-funded
warrants is identical to the purchase price for Shares, less the
exercise price of $0.001 per
share.
The aggregate gross proceeds to the Company of this offering are
expected to be approximately $2.8
million. The transaction is expected to close on or about
December 27, 2024, subject to the
satisfaction of customary closing conditions.
Univest Securities, LLC is acting as the sole placement
agent.
The registered direct offering is being made pursuant to a shelf
registration statement on Form F-3 (File No. 333-277230) previously
filed by the Company and declared effective by the U.S. Securities
and Exchange Commission ("SEC") on March 1,
2024. A final prospectus supplement and accompanying
prospectus describing the terms of the proposed offering will be
filed with the SEC and will be available on the SEC's website
located at http://www.sec.gov. Electronic copies of the final
prospectus supplement and the accompanying prospectus may be
obtained, when available, by contacting Univest Securities, LLC at
info@univest.us, or by calling +1 (212) 343-8888.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy, nor will there be any sales of
such securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of such jurisdiction.
Copies of the prospectus supplement relating to the registered
direct offering, together with the accompanying base prospectus
will be filed by the Company and, upon filing, can be obtained at
the SEC's website at www.sec.gov.
About Lichen China Limited
Lichen China Limited focuses on providing financial and taxation
solution services, education support services, and software and
maintenance services under its "Lichen" brand. In recognition of
the Company's expertise and experience in the financial and
taxation solution services industry for over 18 years, the Company
has built up its reputation as a dedicated financial and taxation
solution services provider of professional and high-quality
services in China. For more
information, please visit the Company's website:
https://ir.lichenzx.com/.
Forward-Looking Statements
Certain statements in this announcement are forward-looking
statements. These forward-looking statements involve known and
unknown risks and uncertainties and are based on current
expectations and projections about future events and financial
trends that the Company believes may affect its financial
condition, results of operations, business strategy and financial
needs. Investors can identify these forward-looking statements by
words or phrases such as "may," "will," "expect," "anticipate,"
"aim," "estimate," "intend," "plan," "believe," "potential,"
"continue," "is/are likely to" or other similar expressions. The
Company undertakes no obligation to update forward-looking
statements to reflect subsequent occurring events or circumstances,
or changes in its expectations, except as may be required by law.
Although the Company believes that the expectations expressed in
these forward-looking statements are reasonable, it cannot assure
you that such expectations will turn out to be correct, and the
Company cautions investors that actual results may differ
materially from the anticipated results and encourages investors to
review other factors that may affect its future results in the
Company's registration statement and in its other filings with the
U.S. Securities and Exchange Commission.
For more information, please contact:
Tian Sun
Phone: +86-0592-5586999
Email: ir@lichenzx.com
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SOURCE Lichen China Limited