Lichen China Issues 1.15M Shares for Employee Compensation
Ticker: LICN · Form: 6-K · Filed: Nov 21, 2024 · CIK: 1876766
| Field | Detail |
|---|---|
| Company | Lichen China LTD (LICN) |
| Form Type | 6-K |
| Filed Date | Nov 21, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: equity-incentive, employee-compensation, share-issuance
TL;DR
Lichen China just dropped 1.15M shares to employees as a bonus. Keep an eye on dilution.
AI Summary
On November 18, 2024, Lichen China Limited issued 1,150,000 Class A ordinary shares under its 2023 Equity Incentive Plan. These shares were granted as compensation to certain employees for their continued service.
Why It Matters
This issuance of shares indicates a commitment to employee retention and incentivization, potentially impacting future performance and dilution.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of share issuance for employee compensation, with no immediate negative financial implications.
Key Numbers
- 1,150,000 — Class A ordinary shares (Issued as compensation to employees)
Key Players & Entities
- Lichen China Limited (company) — Registrant
- 1,150,000 (dollar_amount) — Number of Class A ordinary shares issued
- 2023 Equity Incentive Plan (company) — Plan under which shares were issued
- November 18, 2024 (date) — Date of share issuance
FAQ
What is the total number of shares issued by Lichen China Limited?
Lichen China Limited issued 1,150,000 Class A ordinary shares.
Under which plan were the shares issued?
The shares were issued under the Company's 2023 Equity Incentive Plan.
What was the purpose of issuing these shares?
The shares were issued as compensation to certain employees for their continued service.
On what date were the shares issued?
The shares were issued on November 18, 2024.
What type of shares were issued?
Class A ordinary shares were issued.
Filing Stats: 191 words · 1 min read · ~1 pages · Grade level 17.2 · Accepted 2024-11-21 08:00:17
Filing Documents
- ea0222054-6k_lichen.htm (6-K) — 9KB
- 0001213900-24-100727.txt ( ) — 10KB
From the Filing
OF FOREIGN PRIVATE ISSUER UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month ended November 2024 Commission File No. 001-41493 LICHEN CHINA LIMITED (Translation of registrant’s name into English) 15th Floor, Xingang Square, Hubin North Road, Siming District, Xiamen City, Fujian Province, China, 361013 (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F Form 20-F Form 40-F On November 18, 2024, Lichen China Limited (the “Company”) issued 1,150,000 Class A ordinary shares of the Company (the “Shares”) under Company’s 2023 Equity Incentive Plan (the “Plan”) to certain employees of the Company as compensation for their continued service in the Company. 1 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Lichen China Limited Date: November 21, 2024 By: /s/ Ya Li Name: Ya Li Title Chief Executive Officer 2