Loan & DebtOct 15, 2026, 04:36 PM
Lichen International Ltd Settles $297K Debt with CEO via Share Issuance
AI Summary
Lichen International Ltd filed an amendment to its Form 6-K to revise the description of a debt settlement agreement with its CEO, Ya Li. The company owed Mr. Li approximately $297,000 for loans advanced, which was settled by issuing 65,000 Class B ordinary shares at $4.57 per share. This amendment restates the original report with the revised description and includes the amended and restated agreement as an exhibit.
Key Highlights
- Lichen International Ltd amended its debt settlement agreement with CEO Ya Li.
- The original debt owed to Mr. Li was RMB 2,129,544 (approx. $297,000) for loans advanced.
- The debt was settled by issuing 65,000 Class B ordinary shares at $4.57 per share.
- The share issuance was valued at approximately 102% of the average closing bid price of Class A shares prior to August 27, 2025.
- The agreement and share issuance were made under exemptions from registration under the Securities Act of 1933.
Price Impact
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