Monitor the EGM outcome and subsequent Nasdaq compliance status. If the reverse split is approved and the bid price remains below $1.00 for 30 consecutive trading days, the company may face immediate delisting proceedings with no compliance period, triggering a potential appeal process.
Price Chart
Executive Summary
Lichen International filed a 6-K with proxy materials for an extraordinary general meeting on November 9, 2026, seeking shareholder approval for a 100-for-1 reverse share split (share consolidation) to address Nasdaq's $1.00 minimum bid price requirement. The company previously effected a 200-for-1 reverse split on March 3, 2025, which under Nasdaq Rule 5810(c)(3)(A)(iv) may make it ineligible for a compliance period, exposing it to immediate delisting risk if the bid price deficiency persists for 30 consecutive trading days. The filing is a routine governance step with no financial data or operational changes.
Key Facts
- Proposing a 100-for-1 reverse share split of Class A and Class B ordinary shares, effective November 19, 2026
- Authorized share capital remains US$200,000,000; post-split: 200,000,000 Class A shares (par $0.80) and 50,000,000 Class B shares (par $0.80)
- Company effected a 200-for-1 reverse stock split on March 3, 2025
- Nasdaq Rule 5810(c)(3)(A)(iv) may preclude a compliance period due to cumulative reverse split ratio exceeding 250-for-1 over two years
- EGM scheduled for November 9, 2026; record date October 21, 2026
- Board unanimously recommends voting FOR all three proposals
Financial Impact
No financial data in filing; reverse split does not change market capitalization or proportional ownership
Risk Factors
- Delisting risk if bid price fails to meet Nasdaq's $1.00 minimum after reverse split
- Prior 200-for-1 reverse split within one year may disqualify company from any compliance period under Nasdaq Rule 5810(c)(3)(A)(iv)
- Reverse split may not sustain a higher stock price and could reduce liquidity
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001185185-26-004980 |
| Document: licnex99-1.htm | 0001185185-26-004980 |
| Document: licnex99-2.htm | 0001185185-26-004980 |
| Document: licn6k102226.htm | 0001185185-26-004980 |
| Document: 0001185185-26-004980-index-headers.html | 0001185185-26-004980 |
| Document: 0001185185-26-004980-index.html | 0001185185-26-004980 |
| Document: 0001185185-26-004980.txt | 0001185185-26-004980 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 4d ago | 6-K | $0.9456 | awaiting T+5 | — | $0.8600 (−9.05%) |
Oct 21, 2026 6d ago | 6-K | $0.8600 | awaiting T+5 | — | $0.8600 (+0.00%) |
Oct 13, 2026 14d ago | 6-K | $1.02 $0.8700 | ▼ −14.71% | ▼ −13.55% | $0.8600 (−15.69%) |
Apr 28, 2026 26w ago | Press Release | $3.85 $4.98 | ▼ −29.35% | ▼ −26.24% | $0.8600 (+77.66%) |
US Market Status
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