Company: LICN
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036244
Chunk: 83

Company: Lichen International Ltd
Filing Date: 2025-04-29
Form: 20-F
Item: Item 14
Chunk 83
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 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 December 26 Registered Direct Offering in an amount not to exceed $50,000.

December 29, 2024 Registered Direct Offering

On December 29, 2024, the
Company entered into a securities purchase agreement (the “ Second Closing Purchase Agreement”) with the same Purchasers, pursuant
to which the Company agreed to issue and sell, in a registered direct offering ( “ December 29 Registered Direct Offering”):
(i) 13,200,000 Class A Ordinary Shares (the “ Second Closing Shares”), at a purchase price of $0.125 per share; and (ii) pre-funded
warrants to purchase up to 11,800,000 Class A Ordinary Shares (the “ Second Closing Pre-Funded Warrants”) at a purchase price
of $0.124 per Second Closing Pre-Funded Warrant.

December 29 Registered Direct
Offering closed on December 31, 2024. The Company received approximately $3.1 million in gross proceeds from December 29 Registered Direct
Offering, before deducting placement agent fees and estimated offering expenses. The Company intends to use the net proceeds from December
29 Registered Direct Offering for working capital and general corporate purposes.

On December 29, 2024, the
Company entered into a placement agency agreement (the “ Second Closing Placement Agency Agreement”) with Univest,
pursuant to which the Company engaged Univestas the exclusive placement agent
in connection with December 29 Registered Direct Offering. The Placement Agent agreed to use its reasonable best efforts to arrange for
the sale of the Second Closing Shares and the Second Closing Pre-Funded Warrants. In addition, under the Second 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 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 December 29 Registered Direct Offering in an amount not to exceed $50,000.

January 28, 2025 Registered Direct Offering

On January 28, 2025, Lichen
China Limited (the “ Company”) entered into a securities purchase agreement (the “ Purchase Agreement”) with certain
institutional investors named thereto (the “ Purchasers”), pursuant to which the Company agreed