Company: LICN
Filing Date: 2025-01-29
Form Type: 424B5
Source: 0001213900-25-007741
Chunk: 44

Company: Lichen International Ltd
Filing Date: 2025-01-29
Form: 424B5
Chunk 44
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 period the closing
bid price of the Company’s security is at least $1 for a minimum of ten consecutive business days, the Staff will provide written
confirmation of compliance. In the event the Company does not regain compliance by July 22, 2025, the Company may be eligible for an additional
180 calendar day compliance period to demonstrate compliance with the bid price requirement. To qualify for the additional 180-day period,
the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial
listing standards for the Nasdaq Capital Market, with the exception of the bid price requirement, and will need to provide written notice
to Nasdaq of its intention to cure the deficiency during the second compliance period by effecting a reverse stock split, if necessary.
If the Company does not qualify for the second compliance period or fails to regain compliance during the second 180-day period, then
Nasdaq will notify the Company of its determination to delist the Company. The Company would then be entitled to appeal that determination
to a Nasdaq hearings panel.

<div align='center'>S-17</div>

In addition, pursuant to Nasdaq Listing Rule 5810(c)(3)(A)(iii),
if the Company’s Common Shares trade below $0.10 per share for 10 consecutive trading days, the Company could be subject to a Nasdaq
delisting notification which could result in the delisting of the Company’s Common Shares from the Nasdaq Capital Market immediately
unless appealed or unless the Nasdaq provides a compliance period in which to cure such bid price deficiency.

The Company intends to take all reasonable measures
to regain compliance under the Nasdaq Listing Rule 5550(a)(2). However, there can be no assurance that the Company will be able to maintain
compliance with the Nasdaq Capital Market’s continued listing requirements or regain compliance with the Minimum Bid Price Requirement.

If our securities are subsequently delisted from
trading, we could face significant consequences, including:

| ● | a limited availability for market quotations for our securities; |

| ● | reduced liquidity with respect to our securities; |

| ● | a determination that our Ordinary Shares is a “penny                                                                                 
 stock,” which will require brokers trading in our Ordinary Shares to adhere to more stringent rules and possibly result in a reduced 
 level of trading activity in the secondary trading market for our Ordinary Shares;                                                   |

| ● | limited amount of news and analyst coverage; and |

| ● | a decreased ability to