Lichen International Announces $3.5M Registered Direct Offering Priced At $0.20/Unit

Lichen International Limited (NASDAQ:LICN) (the "Company"), a dedicated financial and taxation service provider in China, today announced that it has entered into securities purchase agreements with certain institutional investors for the purchase and sale of an aggregate of 17,500,000 units (each, a "Unit"), consisting of one Class A Ordinary Share (or one pre-funded warrant in lieu thereof) and one warrant to purchase 4.72 Class A Ordinary Shares (each, a "Warrant"), at an offering price of $0.20 per Unit in a registered direct offering (the "Offering").

The gross proceeds to the Company from the registered direct offering are estimated to be approximately $3.5 Million before deducting the placement agent’s fees and other estimated offering expenses. Each of the Warrants will have an exercise price of $0.20 per Class A Ordinary Share, will be immediately exercisable upon issuance, and will expire on the one-year anniversary of the issuance date. The offering is expected to close on November 11, 2026, subject to the satisfaction of customary closing conditions.