An update from Lichen China Ltd. Class A ( (LICN) ) is now available.
On January 27, 2025, Lichen China Limited announced that it received a notification from Nasdaq on January 23, 2025, regarding non-compliance with the minimum bid price requirement, as the company’s shares had closed below $1.00 for 30 consecutive business days. Although this notification does not affect the current listing of its shares, Lichen China has until July 22, 2025, to regain compliance. If needed, a further 180-day extension could be sought by meeting other listing criteria, potentially involving a reverse stock split. The company is actively monitoring its share price and exploring options to meet compliance, reflecting a proactive approach to maintaining its Nasdaq listing.
More about Lichen China Ltd. Class A
Lichen China Limited is a prominent provider of financial and taxation solution services, education support services, and software and maintenance services within China. With over 18 years of experience, the company has established a reputation for delivering professional and high-quality services under the ‘Lichen’ brand.
YTD Price Performance: -21.20%
Average Trading Volume: 14,582,599
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $12.65M
For detailed information about LICN stock, go to TipRanks’ Stock Analysis page.