01:15 PM EST, 12/26/2024 (MT Newswires) -- Lichen China ( LICN ) revealed a $2.8 million registered direct offering on Thursday with several investors.

The company said it would issue 20 million class A shares, or in some instances a pre-funded warrant, to the investors at $0.14 per share.

The pre-funded warrants will be priced the same as the shares, minus the exercise price of $0.001 per share, the company said.

The offering is expected to close Friday.

The company's shares fell 15% in recent trading.

Price: 0.18, Change: -0.03, Percent Change: -14.95