EPWK HOLDINGS LTD. Announces Pricing of Initial Public Offering

Core Viewpoint - EPWK Holdings Ltd. has successfully priced its initial public offering (IPO) of 2,750,000 Class A ordinary shares at $4.10 per share, commencing trading on Nasdaq under the ticker symbol "EPWK" on February 6, 2025 [1]. Group 1: Offering Details - The company will receive gross proceeds of $11.275 million from the offering, before deducting underwriting discounts and expenses [2]. - Underwriters have an option to purchase an additional 412,500 Class A ordinary shares within 30 days after the offering's closing [2]. - The offering was conducted on a firm commitment basis [2]. Group 2: Use of Proceeds - Proceeds from the offering will be allocated for business development and marketing, research and development, exploration of new product and service offerings, creation of an online global design center, and general corporate purposes and working capital [3]. Group 3: Underwriters and Legal Counsel - Cathay Securities, Inc. acted as the representative of the underwriters, with Revere Securities LLC as co-underwriter [4]. - VCL Law LLP served as counsel to the company, while Winston & Strawn LLP acted as counsel to the underwriters [4]. Group 4: Company Overview - EPWK Holdings Ltd. connects businesses with outstanding talent through an innovative integrated crowdsourcing platform, providing creative transaction services for small and medium-sized enterprises and suppliers [7]. - The company was founded by Huang Guohua, a former chief reporter of Fujian Daily Press Group, and operates through subsidiaries and contractual arrangements in China [7].