Corporate ActionNov 12, 2026, 04:36 PM
Lichen International Prices $3.5M Registered Direct Offering
AI Summary
Lichen International Limited announced the pricing of a $3.5 million registered direct offering, selling 17.5 million units at $0.20 each. Each unit includes a Class A Ordinary Share or a pre-funded warrant, and a warrant to purchase 4.72 Class A Ordinary Shares. The company has already issued shares through the exercise of pre-funded and ordinary warrants. Univest Securities, LLC served as the sole placement agent for the offering, which is expected to close on November 11, 2026. Officers and directors have agreed to a 90-day lock-up period.
Key Highlights
- Lichen International Ltd priced a $3.5 million registered direct offering of 17.5 million units at $0.20 per unit.
- Each unit consists of one Class A Ordinary Share (or pre-funded warrant) and one warrant to purchase 4.72 Class A Ordinary Shares.
- The warrants have an exercise price of $0.20 per share and expire one year after issuance.
- The company issued 13.9 million Series A Ordinary Shares upon exercise of pre-funded warrants.
- The company issued 14.986 million Series A Ordinary Shares upon exercise of ordinary warrants via a zero exercise price option.
- Univest Securities, LLC acted as the sole placement agent, earning a 7% fee and 1% non-accountable expense allowance.
- Officers and directors entered into 90-day lock-up agreements following the closing of the offering.
Price Impact
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