Company: LICN
Filing Date: 2025-12-02
Form Type: F-3
Source: 0001185185-25-001892
Chunk: 26

Company: Lichen International Ltd
Filing Date: 2025-12-02
Form: F-3
Chunk 26
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 affected.

Recent Developments

Business Strategy Adjustment

From 2025, the Company has been gradually transitioning toward IPO advisory services and external equity investments. Through channels such as customer referrals and external exhibitions, the company identifies and negotiates with clients to provide comprehensive service solutions for prospective listed enterprises, assisting them in embarking on their IPO journey. These services include, but are not limited to, market research, financial compliance, legal regulations, and due diligence. As of June 30, 2025, the company has initiated IPO advisory services for 11 prospective listed enterprises. Additionally, as of June 30, 2025, the company has equity investment in three unrelated parties, with a total investment amount of $1.18 million.

Debt Settlement

On August 27, 2025, the Company entered into a debt settlement and mutual release agreement with Mr. Ya Li, the Chief Executive Officer, Director and Chairman of the Board of the Company. As of the date of the agreement, the Company was indebted to Mr. Li accrued but unpaid salary in the amount of RMB 2,129,544 (approximately $297,000) in compensation for the period from January 2025 to June 2025 (the “Debt”). In order to settle the Debt, the Company agreed to issue, and Mr. Li agreed to accept 65,000 Class B Ordinary Shares of the Company (the “Shares”), valued at $4.57 per share, which was approximately 102% of the average closing bid price of the Company’s Class A Ordinary Shares during the five trading days immediately prior to the date of the Agreement. On August 27, 2025, pursuant to the Agreement, the Company issued the shares to Mr. Li. The issuance of the shares were made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended and Regulations S promulgated thereunder.

Private Placement

On September 15, 2025, the Company entered into a certain securities purchase agreement with certain investors, pursuant to which the Company sold 15,500,000 Class A Ordinary Shares, at a per share purchase price of $1.20. The gross proceeds to the Company from this Offering are approximately $18,600,000, before deducting any fees or expenses. The transaction was closed on September 19, 2025. The shares were issued in a private placement exempt from the registration requirements of the U.S. Securities Act