Company: LICN
Filing Date: 2025-01-29
Form Type: 424B5
Source: 0001213900-25-007741
Chunk: 65

Company: Lichen International Ltd
Filing Date: 2025-01-29
Form: 424B5
Chunk 65
---
 the history of, and the prospects, for the industry in which we compete, our past
and present operations, and our prospects for future revenues.

We agreed to indemnify the investors against certain
losses resulting from our breach of any of our representations, warranties, or covenants under agreements with the investors as well as
under certain other circumstances described in the Securities Purchase Agreement.

Fees and Expenses

We have agreed to pay
the Placement Agent a total cash fee equal to seven percent (7.0%) of the aggregate gross proceeds raised in this offering.

The table below reflects the total offering
proceeds, before deducting the estimated offering expenses.

|                                 |     | Per   
 Share |        |     | Per Pre- 
 Funded   
 Warrant  |         |     | Approximate Total 
 (assuming all     
 Pre-Funded        
 Warrants are      
 exercised)        |           |
|:--------------------------------|:----|:------|-------:|:----|:---------|--------:|:----|:------------------|----------:|
| Public offering price           |     | $     |   0.08 |     |          |   0.079 |     | $                 | 3,400,000 |
| Placement Agent Fees            |     | $     | 0.0056 |     |          | 0.00553 |     | $                 |   238,000 |
| Proceeds to us, before expenses |     | $     | 0.0744 |     |          | 0.07347 |     | $                 | 3,162,000 |

The table above does not reflect the reimbursement
of the Placement Agent for all travel and other out-of-pocket expenses, including the reasonable fees, costs and disbursements of its
legal counsel, in an amount up to $50,000.

We estimate expenses payable by us in connection
with this offering, other than the Placement Agent’s fees and expenses referred to above, will be approximately $60,000.

After deducting certain fees and expenses due
to the Placement Agent and our estimated offering expenses, we expect the net proceeds from this offering to be approximately $3,052,000.

Relationships

Univest Securities, LLC served as (a) the lead
underwriter in the Company’s IPO in February 2023, (b) the placement agent in the Company’s registered direct offering of
(i) 9,071,111 shares of Class