Lichen International Ltd (LICN) Form 6-K — Oct 23, 2026
Lichen International (LICN) is asking shareholders to approve a 100-for-1 share consolidation of its Class A and Class B ordinary shares, effective November 19, 2026, explicitly to lift the share price toward Nasdaq's US$1.00 minimum bid requirement. This is the company's second extreme reverse split: it already executed a 200-for-1 split on March 3, 2025. Under Nasdaq Rule 5810(c)(3)(A)(iv), that history means LICN would receive no compliance period if it falls out of bid-price compliance again and could face immediate delisting.
Key figures
- Effective date
- 2026-11-19
- Par value after
- US$0.80
- Par value before
- US$0.008
- Prior reverse split
- 200:1 on March 3, 2025
- Reverse split ratio
- 1:100
- Minimum bid requirement
- US$1.00
- Authorized class a after
- 200,000,000
- Authorized class b after
- 50,000,000
- Authorized class a before
- 20,000,000,000
- Authorized class b before
- 5,000,000,000
AI analysis
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