Lichen China Limited Announces $3.4 Million Registered Direct Offering
Lichen China (LICN) has announced a registered direct offering of 42,500,000 Class A ordinary shares at $0.08 per share, aiming to raise approximately $3.4 million in gross proceeds. The offering includes pre-funded warrants with an exercise price of $0.001 per share. The transaction is expected to close around January 29, 2025.
Univest Securities, is serving as the sole placement agent for the offering, which is being conducted under a shelf registration statement on Form F-3. The offering's final terms will be detailed in a prospectus supplement and accompanying prospectus to be filed with the SEC.
Lichen China (LICN) ha annunciato un'offerta diretta registrata di 42.500.000 azioni ordinarie di Classe A a 0,08 $ per azione, con l'obiettivo di raccogliere circa 3,4 milioni di dollari in proventi lordi. L'offerta include warrant prefinanziati con un prezzo di esercizio di 0,001 $ per azione. Si prevede che la transazione si chiuda intorno al 29 gennaio 2025.
Univest Securities funge da unico agente di collocamento per l'offerta, che viene condotta sotto una dichiarazione di registrazione a scaffale con modulo F-3. I termini finali dell'offerta saranno dettagliati in un supplemento al prospetto e nel prospetto accompagnatorio che saranno depositati presso la SEC.
Lichen China (LICN) ha anunciado una oferta directa registrada de 42,500,000 acciones ordinarias de Clase A a 0.08 $ por acción, con el objetivo de recaudar aproximadamente 3.4 millones de dólares en ingresos brutos. La oferta incluye garantías prefinanciadas con un precio de ejercicio de 0.001 $ por acción. Se espera que la transacción se cierre alrededor del 29 de enero de 2025.
Univest Securities actúa como el único agente de colocación para la oferta, que se lleva a cabo bajo una declaración de registro en estante en el formulario F-3. Los términos finales de la oferta se detallarán en un suplemento de prospecto y en el prospecto acompañante que se presentarán ante la SEC.
리켄 차이나 (LICN)은 주당 $0.08로 42,500,000 주식 A형 보통주의 등록 직접 공모를 발표하며, 약 $3.4 백만의 총 수익을 올리는 것을 목표로 하고 있습니다. 이 공모에는 주당 $0.001의 행사 가격을 가진 사전 자금조달 워런트가 포함되어 있습니다. 거래는 2025년 1월 29일경에 종료될 것으로 예상됩니다.
유니베스트 증권사는 이 공모의 유일한 배치 대행사로 활동하고 있으며, F-3 양식에 따라 선반 등록 성명을 통해 진행되고 있습니다. 공모의 최종 조건은 SEC에 제출될 예상 보충서와 수반되는 예상서에 자세히 설명될 것입니다.
Lichen China (LICN) a annoncé une offre directe enregistrée de 42.500.000 actions ordinaires de Classe A au prix de 0,08 $ par action, visant à lever environ 3,4 millions de dollars de produits bruts. L'offre comprend des bons de souscription préfinancés avec un prix d'exercice de 0,001 $ par action. La transaction devrait se clôturer autour du 29 janvier 2025.
Univest Securities agit en tant qu'agent unique de placement pour l'offre, qui est réalisée dans le cadre d'une déclaration d'enregistrement en étagère au format F-3. Les termes finaux de l'offre seront détaillés dans un supplément de prospectus et un prospectus accompagnant qui seront déposés auprès de la SEC.
Lichen China (LICN) hat eine registrierte Direktplatzierung von 42.500.000 Klasse A Stammaktien zu einem Preis von 0,08 $ pro Aktie angekündigt, mit dem Ziel, etwa 3,4 Millionen Dollar an Bruttoerlösen zu erzielen. Die Platzierung umfasst vorfinanzierte Warrants mit einem Ausübungspreis von 0,001 $ pro Aktie. Es wird erwartet, dass die Transaktion etwa am 29. Januar 2025 abgeschlossen wird.
Univest Securities fungiert als alleiniger Platzierungsagent für das Angebot, das unter einer Shelf-Registrierungserklärung in Form F-3 durchgeführt wird. Die endgültigen Bedingungen des Angebots werden in einem Prospektzusatz und dem begleitenden Prospekt, der bei der SEC eingereicht wird, detailliert beschrieben.
- Secured $3.4 million in additional funding through share offering
- Successfully executed registered direct offering with multiple investors
- Significant shareholder dilution with 42.5 million new shares being issued
- Low share offering price at $0.08 per share indicates weak market position
Insights
The $3.4 million registered direct offering by Lichen China reveals several critical implications for investors. The offering price of
The scale of this offering is particularly noteworthy - the issuance of 42.5 million new shares represents substantial dilution given the company's micro-cap status. This financing structure, including pre-funded warrants with a minimal exercise price of
The use of a registered direct offering through Univest Securities indicates a deliberate choice for a faster, more streamlined capital raise compared to traditional public offerings. This approach, while potentially more expedient, often comes with higher costs and typically reflects more challenging market conditions for the issuer.
For existing shareholders, this offering presents significant dilution concerns, as the new shares will materially increase the outstanding share count. The substantial discount to market price could also create near-term selling pressure as the market absorbs the new supply of shares. However, the successful execution of this offering, despite challenging micro-cap market conditions, demonstrates the company's ability to access capital markets, albeit at a considerable cost to shareholder value.
The aggregate gross proceeds to the Company of this offering are expected to be approximately
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
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
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
For more information, please contact:
Tian Sun
Phone: +86-0592-5586999
Email: ir@lichenzx.com
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SOURCE Lichen China Limited
FAQ
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