Lichen International Limited completed a private placement of equity to raise new cash. On September 15, 2025, the company agreed to sell 15,500,000 Class A ordinary shares at $1.20 per share, for a total purchase price of $18,600,000, payable in cash.
The company received the full purchase price and issued the shares on September 19, 2025. The transaction was conducted as a private offering exempt from U.S. registration under Section 4(a)(2), Regulation D and/or Regulation S, and the related securities purchase agreement form was filed as an exhibit.
Lichen International Ltd settled accrued salary owed to its Chief Executive Officer, Ya Li, by issuing equity instead of paying cash. As of August 27, 2025, the Company owed Mr. Li RMB 2,129,544 (approximately $297,000) in unpaid salary for the period from January 2025 to June 2025. To extinguish this debt, the Company and Mr. Li entered into a debt settlement and mutual release agreement under which the Company issued 65,000 Class B ordinary 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 over the five trading days before the agreement date. The shares were issued on August 27, 2025 under exemptions from registration provided by Section 4(a)(2) of the Securities Act of 1933 and Regulation S.