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.
