Lichen China Limited Announces Effective Date of Reverse Stock Split and Name Change
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Lichen China Limited (Nasdaq: LICN) announced the effective date and ratio for a reverse stock split of its ordinary shares. This follows the voting results from the annual shareholders meeting.
February 27, 2025 | 1:45 pm
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Lichen China Limited is implementing a reverse stock split, which could affect its stock price by altering the number of shares outstanding and potentially increasing the stock price per share.
The reverse stock split will reduce the number of shares outstanding, which typically increases the stock price per share. However, the overall market capitalization remains unchanged. This action is often used to meet minimum price requirements for stock exchanges or to improve the perception of the stock.
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