EPWK HOLDINGS LTD. Announces Closing of Initial Public Offering

Core Viewpoint - EPWK Holdings Ltd. successfully closed its initial public offering, raising $11.275 million by offering 2,750,000 Class A ordinary shares at a price of $4.10 per share, with trading commencing on February 6, 2025 [1][2]. Group 1: Offering Details - The offering generated gross proceeds of $11.275 million before expenses, with an option for underwriters to purchase an additional 412,500 shares within 30 days [2]. - The offering was conducted on a firm commitment basis, with Cathay Securities, Inc. as the representative underwriter and Revere Securities LLC as co-underwriter [4]. Group 2: Use of Proceeds - Proceeds from the offering will be allocated for business development, marketing, research and development, exploring new product and service offerings, creating an online global design center, and general corporate purposes [3]. Group 3: Company Overview - EPWK Holdings Ltd. connects businesses with talent through an integrated crowdsourcing platform, focusing on creative transaction services for small and medium-sized enterprises [7].