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An announcement from Lichen China Ltd. Class A ( (LICN) ) is now available.
Lichen China Limited announced that it received a delisting notice from Nasdaq due to its securities trading below $0.10 for eleven consecutive days as of February 11, 2025. The company plans to appeal this delisting determination, which will temporarily halt the suspension of its securities. If the appeal is unsuccessful or not requested by February 19, 2025, trading of its shares will be suspended on February 21, 2025. The company is considering options to regain compliance, including a potential reverse stock split.
More about Lichen China Ltd. Class A
Lichen China Limited is a financial and taxation service provider in China, offering financial and taxation solution services, education support services, and software and maintenance services under the ‘Lichen’ brand. With over 18 years of experience in the industry, the company is recognized for providing professional and high-quality services.
YTD Price Performance: -64.67%
Average Trading Volume: 19,504,157
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $7.79M
Learn more about LICN stock on TipRanks’ Stock Analysis page.