Company: LICN
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036244
Chunk: 84

Company: Lichen International Ltd
Filing Date: 2025-04-29
Form: 20-F
Item: Item 14
Chunk 84
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 to issue and sell, in a registered
direct offering (“ January 28 Registered Direct Offering”): (i) 20,933,333 shares of Class A ordinary shares (the “ Class
A Ordinary Shares”) of the Company, par value $0.00004 per share (the “ Shares”), at a purchase price of $0.08 per share;
and (ii) pre-funded warrants to purchase up to 21,566,667 Class A Ordinary Shares (the “ Pre-Funded Warrants”) at a purchase
price of $0.079 per Pre-Funded Warrant.

January 28 Registered Direct
Offering closed on January 29, 2025. The Company received approximately $3.4 million in gross proceeds from January 28 Registered Direct
Offering, before deducting placement agent fees and estimated offering expenses.

On January 28, 2025, the Company
entered into a placement agency agreement (the “ Placement Agency Agreement”) withUnivest
Securities, LLC(“ Univest” or the “ Placement Agent”),
pursuant to which the Company engaged Univestas the exclusive placement agent
in connection with January 28 Registered Direct Offering. The Placement Agent agreed to use its reasonable best efforts to arrange for
the sale of the Shares and the Pre-Funded Warrants. In addition, under the Placement Agency Agreement the Company agreed to pay the Placement
Agent a placement agent fee in cash equal to seven percent (7.0%) of the aggregate gross proceeds raised from the sale. The Company also
agreed to reimburse the Placement Agent at closing for legal and other expenses incurred by them in connection with January 28 Registered
Direct Offering in an amount not to exceed $50,000.

Item
15. Controls and Procedures