Lichen china limited announces receipt of nasdaq delisting notice subject to hearing request

Xiamen, china , feb. 18, 2025 /prnewswire/ -- lichen china limited (nasdaq:  licn ) ("lichen china" or the "company"), a dedicated financial and taxation service provider in china today announced that it has received a letter from the nasdaq stock market llc ("nasdaq"), notifying that the company is not in compliance with nasdaq listing rule 5810(c)(3)(a)(iii) (the "low priced stocks rule"), as the company's securities had a closing bid price of $0.10 or less for eleven consecutive trading days from january 28, 2025 through february 11, 2025. the letter indicated that, as a result, the nasdaq staff has determined to delist the company's ordinary shares from the nasdaq capital market (the "delisting determination").
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