December 12, 2024 Registered Direct Pre-Funded Warrants
Issued 2024
Shares Underlying
Exercise Price
Outstanding
- Type
- Anti-Dilution
- Cashless Exercise
- Expiration
LICN$0.58-4.26%
Lichen International Ltd
Sector: Services-Management Consulting ServicesIndustry: Specialty Business ServicesCountry: CNExchange: Nasdaq
Mkt Cap:$9.47M
Float & O/S:
Inst Own:
DilutionScan read 18 of Lichen International Ltd's SEC filings and found 4 warrant series, 3 shelf registrations and 1 completed offering on file for LICN. The latest dilution event on file is a registration statement on Dec 10, 2025. Analysis updated Oct 5, 2026.
Signal8 Summary
LICN
Shrinking revenue, widening losses, divesting business
Snapshot
Lichen is a tiny, shrinking Chinese financial-services firm. FY 2025 revenue fell 40.9% to $24.5M, and the company lost $22.0M while burning $17.8M in free cash flow.
What's Happening Right Now
- : On Oct 7, 2026, Lichen agreed to sell its loss-making Hong Kong/Xiamen education subsidiary for just one Hong Kong dollar, exiting a business with negative shareholders' equity to focus on its remaining operations.
- : H1 2026 revenue fell 28% to $10.26M, the net loss widened to $11.55M, cash dropped to $19.6M from $26.9M, and operating cash outflow tripled to $5.81M, though a small pre-IPO advisory segment grew.
- : Short interest jumped 126.6% in July 2026, with roughly 46.8% of shares reported as sold short at the time.
- : Registered $500.00M of securities for sale on Form F-3.
- : Raised $18.60M in gross proceeds through a private placement (PIPE).
- : Issued warrants over 108K shares.
Raise routes on file: effective shelf · latest dilution event 328 days ago
Overall Risk
Offering Ability
Overhead Supply
Historical
Cash Need
AI dilution summary
The dominant contractual driver and its mechanism, then each further driver ranked.
Latest dilution event
Dec 10, 2025 · Registration
Every warrant, convertible, ATM and shelf, cited to the filing
A free account reads 3 tickers a day in full
$59/mo with 7 days free, or $49/mo billed yearly ($588/yr)
Share count and cash history
Shares outstanding, potential dilution and cash over time
Outstanding
December 26, 2024 Registered Direct Pre-Funded Warrants
Issued 2024
Shares Underlying
Exercise Price
Outstanding
- Type
- Anti-Dilution
- Cashless Exercise
- Expiration
December 29, 2024 Registered Direct Pre-Funded Warrants
Issued 2024
Shares Underlying
Exercise Price
Outstanding
- Type
- Anti-Dilution
- Cashless Exercise
- Expiration
January 28, 2025 Registered Direct Pre-Funded Warrants
Issued 2025
Shares Underlying
Exercise Price
Outstanding
- Type
- Anti-Dilution
- Cashless Exercise
- Expiration
F-3 shelf registration
Issued 2024
Total capacity
Remaining
- Filed
- Effective
- Expires
- Baby shelf
F-3 shelf registration
Issued 2025
Total capacity
Remaining
- Filed
- Effective
- Expires
- Baby shelf
F-3 shelf registration
Issued 2024
Total capacity
Remaining
- Filed
- Effective
- Expires
- Baby shelf
PIPE
Issued 2025
Gross proceeds
Price per share
- Shares issued
- Warrant coverage
- Placement agent
Know who's about to sell into your LICN trade
Exercise prices, conversion terms, shelf headroom and the filing sentence behind every number.
$59/mo with 7 days free, or $49/mo billed yearly ($588/yr)
