Company: LICN
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036244
Chunk: 82

Company: Lichen International Ltd
Filing Date: 2025-04-29
Form: 20-F
Item: Item 14
Chunk 82
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 and the Company agreed to issue and sell to the Purchasers, an aggregate of 10,380,000 Class A ordinary
shares, par value $0.00004 per share (the “ Class A Ordinary Shares”), at a purchase price of $0.70 per share, and for an aggregate
purchase price of $7,266,000 (the “ Offering”). The Offering closed on May 13, 2024. The Company received gross proceeds of
approximately $7,266,000 from the issuance and sale of the Class A Ordinary Shares, before deducting the estimated offering expenses payable
by the Company.

December 26, 2024 Registered Direct Offering

On December 26, 2024, the
Company entered into a securities purchase agreement (the “ First Closing Purchase Agreement”) with certain institutional investors
named thereto (the “ Purchasers”), pursuant to which the Company agreed to issue and sell, in a registered direct offering
( “ December 26 Registered Direct Offering”): (i) 10,433,333 shares of Class A ordinary shares (the “ Class A Ordinary
Shares”) of the Company, par value $0.00004 per share (the “ First Closing Shares”), at a purchase price of $0.14 per
share; and (ii) pre-funded warrants to purchase up to 9,566,667 Class A Ordinary Shares (the “ First Closing Pre-Funded Warrants”)
at a purchase price of $0.139 per First Closing Pre-Funded Warrant.

December 26 Registered Direct
Offering closed on December 27, 2024. The Company received approximately $2.8 million in gross proceeds from December 26 Registered Direct
Offering, before deducting placement agent fees and estimated offering expenses.

On December 26, 2024, the
Company entered into a placement agency agreement (the “ First Closing 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 December 26 Registered Direct Offering. The Placement Agent agreed to use its reasonable best efforts to arrange for
the sale of the First Closing Shares and the First Closing Pre-Funded Warrants. In addition, under the First Closing 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