Univest Securities Completes $3.1 Million Offering for LICN

Univest Securities Closes $3.1 Million Offering for Client

In a notable financial move, Univest Securities, LLC, a prominent investment bank based in New York, has successfully concluded a registered direct offering for its client, Lichen China Limited (NASDAQ: LICN). This offering marks a significant milestone as Lichen China continues to grow within the financial services sector, particularly in providing specialized taxation and financial solutions.

Details of the Offering

As part of the securities purchase agreement, Lichen China Limited has engaged in a transaction involving the sale of 25 million shares of its Class A ordinary shares. Investors participated at a purchasing rate of $0.125 per share, with options for pre-funded warrants available. The proceeds from this venture are approximated to be around $3.1 million, showcasing robust investor confidence in the company's prospects.

The Role of Univest Securities

Univest Securities played a crucial role as the sole placement agent in this transaction. Their expertise in orchestrating these offerings allows clients like Lichen China to access the necessary capital for expansion and operational needs.

Regulatory Compliance and Transparency

This offering was executed under a shelf registration statement on Form F-3, which had been previously filed and approved by the U.S. Securities and Exchange Commission (SEC). Such measures ensure that securities are offered in compliance with applicable regulatory frameworks. This transparency is vital for maintaining investor trust and following best practices in securities transactions.

Univest Securities: A Snapshot

With a history dating back to 1994, Univest Securities, LLC has established itself as a leader in financial services. The firm offers a comprehensive suite of services, including brokerage, investment banking, and market-making. Their commitment to client satisfaction and relationship-building underscores their reputation in the industry.

About Lichen China Limited

Lichen China Limited is dedicated to delivering high-quality financial and taxation services, establishing itself as a competent player in the market for over 18 years. The company's expertise extends through various sectors, including educational support services and software maintenance, all branded under their distinguished name, "Lichen." Their unwavering focus on client needs positions them as a trusted service provider in the Chinese market.

Future Prospects

As Lichen China Limited continues its journey, the strong financial support from Univest Securities positions them for future growth. Investors and stakeholders are keenly watching the developments that will arise from this offering. The concerted efforts between Lichen China and Univest Securities signal promising horizons ahead.

Frequently Asked Questions

What was the total amount raised in the recent offering?

The total amount raised in the registered direct offering was approximately $3.1 million.

Who acted as the placement agent for Lichen China Limited?

Univest Securities, LLC served as the sole placement agent for Lichen China Limited's offering.

What types of shares were sold in the offering?

The offering consisted of 25 million shares of Class A ordinary shares, with options for pre-funded warrants.

When was the offering registered with the SEC?

The offering was made under a shelf registration statement filed with the SEC, approved on March 1, 2024.

What services does Univest Securities provide?

Univest Securities offers a variety of financial services, including brokerage, market making, investment banking, and wealth management services.

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