Company: LICN
Filing Date: 2025-01-29
Form Type: 424B5
Source: 0001213900-25-007741
Chunk: 63

Company: Lichen International Ltd
Filing Date: 2025-01-29
Form: 424B5
Chunk 63
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 price at a later date.

Exercise of Warrants

Each Pre-Funded Warrant is exercisable for one
share of our Class A ordinary shares, with an exercise price equal to $0.001 per share, at any time that the Pre-Funded Warrant is outstanding.
The Pre-Funded Warrants will be exercisable immediately after issuance until such time the Pre-Funded Warrants are exercised in full.
The holder of a Pre-Funded Warrant will not be deemed a holder of our underlying Class A ordinary shares until the Pre-Funded Warrant
is exercised.

Subject to limited exceptions, a holder of Pre-Funded
Warrants will not have the right to exercise any portion of its Pre-Funded Warrants if the holder (together with such holder’s affiliates,
and any persons acting as a group together with such holder or any of such holder’s affiliates) would beneficially own a number
of Class A ordinary shares in excess of 9.99% (which may be increased or decreased by the holder, upon written notice to the Company,
but in no event exceeds 9.99%) of our Class A ordinary shares then outstanding after giving effect to such exercise.

The exercise price and the number of shares issuable
upon exercise of the Pre-Funded Warrants is subject to appropriate adjustment in the event of recapitalization events, share dividends,
share splits, share combinations, reclassifications, reorganizations or similar events affecting our Class A ordinary shares. The Pre-Funded
Warrant holders must pay the exercise price in cash upon exercise of the Pre-Funded Warrants, unless such Pre-Funded Warrant holders are
utilizing the cashless exercise provision of the Pre-Funded Warrants.

Upon the holder’s exercise of a Pre-Funded
Warrant, we will issue Class A ordinary shares issuable upon exercise of the Pre-Funded Warrant within one trading day following our receipt
of a notice of exercise, provided that payment of the exercise price has been made (unless exercised to the extent permitted via the “cashless”
exercise provision). Prior to the exercise of any Pre-Funded Warrants to purchase Class A ordinary shares, holders of the Pre-Funded Warrants
will not have any of the rights of holders of the Class A ordinary shares purchasable upon exercise, including the right to vote, except
as set forth therein.

Pre-Funded Warrants may be exercised only if the
issuance of the Class A ordinary shares is covered by an effective registration statement,