Lichen China (LICN) “announced that it has entered into a definitive agreement with several investors for the purchase and sale of an aggregate of 25,000,000 of the Company’s Class A ordinary share, par value $0.00004 per share at a purchase price of $0.125 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 $3.1 million. The transaction is expected to close on or about December 31, 2024, subject to the satisfaction of customary closing conditions. Univest Securities, LLC is acting as the sole placement agent.”
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