Lichen China Ltd. Class A ( (LICN) ) has provided an announcement.
Lichen China Limited announced a securities purchase agreement with institutional investors for the sale of 20,933,333 Class A ordinary shares and pre-funded warrants, raising approximately $3.4 million in gross proceeds. The offering, which closed on January 29, 2025, will support the company’s working capital and general corporate purposes. As part of the agreement, the company has committed to certain restrictions on issuing new shares for 60 days and variable rate transactions for 90 days post-closing.
More about Lichen China Ltd. Class A
Lichen China Limited is a well-established provider of financial and taxation solution services in China, offering education support and software maintenance services under the ‘Lichen’ brand. With over 18 years of expertise in the industry, the company is recognized for delivering professional and high-quality services.
YTD Price Performance: -55.00%
Average Trading Volume: 16,121,679
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $7.06M
For a thorough assessment of LICN stock, go to TipRanks’ Stock Analysis page.