Lichen China announces effective date of reverse stock split, name change

Lichen China (LICN) announced the date of effectiveness and the ratio of a forthcoming reverse stock split of the Company’s ordinary shares. On February 12, 2025, the Company announced, on a Current Report on Form 6-K, the voting results from the annual meeting of shareholders held on February 10, 2025. At the Meeting, shareholders voted upon and approved Proposal 2 to effect a Reverse Split with a ratio of not less than one-for-twenty and not more than one-for-two-hundred within one year after the date of passing of the resolution, with the exact ratio to be set at a whole number within this range as determined by the Company’s board of directors in its sole discretion. The Company anticipates that the reverse stock split will increase the market price per share of the Company’s Ordinary Shares, bringing the Company into compliance with The Nasdaq Capital Market’s $1.00 minimum bid price listing requirement. Additionally, the Company has officially changed its name from Lichen China Limited to Lichen International Limited, with the change expected to take effect on March 3, 2025