Lichen International Ltd (LICN) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: April 28, 2026

Risk Assessment Details

Potential Dilution: 1068.8% of current shares
Recent Dilution: 3507.75% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
16M
Potential Supply
170M
Additional shares possible
Splits
None
Past 2 years

Summary

LICN currently has 16.2M outstanding shares. with significant dilution risk as 173M authorized shares could dilute existing holders by 1068.8%. The company has significantly diluted shareholders by 3507.75% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Apr 28, 2026

20-F filing | 16.2M shares outstanding

16M 170M
Apr 29, 2025

20-F filing | 0.4M shares outstanding

450K 170M
Apr 04, 2024

20-F filing | 17.5M shares outstanding

18M 170M
Feb 21, 2024

F-3 filing: Lichen China Limited is filing an F-3 form to register the offering of Class A ordinary shares, share purchase contracts, share purchase units, warrants, debt securities, rights or units, with an aggregate initial offering price not to exceed $100,000,000.

14M 170M
Feb 15, 2024

F-3 filing: The company may offer Class A ordinary shares, share purchase contracts, share purchase units, warrants, debt securities, rights or units, with an aggregate initial offering price not exceeding $100,000,000.

14M 96M
May 01, 2023

20-F filing | 13.5M shares outstanding

14M 6.3M
May 02, 2022

F-1 filing: This is an F-1 filing for an initial public offering of Class A ordinary shares of Lichen China Limited. The company plans to list its Class A Ordinary Shares on the Nasdaq Capital Market under the symbol "LICN."

N/A 6.3M
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