Company: LICN
Filing Date: 2025-01-29
Form Type: 424B5
Source: 0001213900-25-007741
Chunk: 43

Company: Lichen International Ltd
Filing Date: 2025-01-29
Form: 424B5
Chunk 43
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 reduce
both the trading volume and the trading price of our shares.

The Pre-Funded Warrants are speculative in nature.

Except as otherwise provided in the Pre-Funded
Warrants, until holders of Pre-Funded Warrants acquire our shares upon exercise of the Pre-Funded Warrants, holders of Pre-Funded Warrants
will have no rights with respect to our shares underlying such Pre-Funded Warrants. Upon exercise of the Pre-Funded Warrants, the holders
will be entitled to exercise the rights of a shareholder only as to matters for which the record date occurs after the exercise date.

Moreover, following this offering, the market
value of the Pre-Funded Warrants is uncertain. There can be no assurance that the market price of our shares will ever equal or exceed
the price of the Pre-Funded Warrants, and, consequently, whether it will ever be profitable for investors to exercise their Pre-Funded
Warrants.

If we cannot satisfy, or continue to satisfy, the continued listing requirements and other rules of the Nasdaq Capital Market, specifically, Nasdaq Listing Rule 5550(a)(2), as we’ve received a notice from the Listing Qualifications Department of Nasdaq on January 23, 2025, our securities may be delisted, which could negatively impact the price of our securities and your ability to sell them.

Our securities are listed on the Nasdaq Capital
Market. We cannot assure you that our securities will continue to be listed on the Nasdaq Capital Market. In order to maintain our listing
on the Nasdaq Capital Market, we are required to comply with certain rules, including those regarding minimum stockholders’ equity,
minimum share price, minimum market value of publicly held shares, and various additional requirements. Even if we initially meet the
listing requirements and other applicable rules of the Nasdaq Capital Market, we may not be able to continue to satisfy these requirements
and applicable rules. If we are unable to satisfy the criteria for maintaining our listing, our securities could be subject to delisting.

On January 23, 2025, the Company received a letter
from the Listing Qualifications Staff (the “Staff”) of The Nasdaq Stock Market LLC notifying the Company that it failed to
maintain a minimum bid price of $1.00 over the previous 30 consecutive business days. The Rules provide the Company a compliance
period of 180 calendar days, until July 22, 2025, to regain compliance. If at any time during this 180 day