Lichen International Announces $3.5 Million Registered Direct Offering
Lichen International Limited (LICN) has entered into agreements with institutional investors to conduct a registered direct offering of 17.5 million units at a price of $0.20 per unit. Each unit includes one Class A ordinary share, or a pre-funded warrant, along with one warrant to purchase an additional 4.72 shares. The offering is expected to generate approximately $3.5 million in gross proceeds and is scheduled to close on November 11, 2026. Following the announcement of the dilutive financing, LICN shares experienced a significant premarket decline of 70.5%.
Tickers: $LICN
Topics: Capital Raising Registered Direct Offering Stock Price Movement Warrants