Lichen China (LICN) Limited announced that it has entered into a definitive agreement with several investors for the purchase and sale of an aggregate of 20M of the company’s Class A ordinary shares at a purchase price of 14c per share in a registered direct offering. The aggregate gross proceeds to the company of this offering are expected to be approximately $2.8M. The transaction is expected to close on or about December 27, subject to the satisfaction of customary closing conditions. Univest Securities is acting as the sole placement agent.
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