EPWK HOLDINGS LTD. Announces Full Exercise of Underwriters' Over-Allotment Option

Company Overview - EPWK Holdings Ltd. connects businesses with talented individuals through an innovative cloud-sourcing platform, providing creative transaction services for small and medium-sized enterprises and suppliers [5]. Initial Public Offering (IPO) Details - The underwriters of the IPO exercised their option to purchase an additional 412,500 Class A ordinary shares at a public offering price of $4.10 per share, resulting in gross proceeds of $12,966,250 before deducting underwriting discounts and expenses [1]. - The Class A ordinary shares began trading on the Nasdaq Global Market on February 6, 2025, under the ticker symbol "EPWK" [1]. - Proceeds from the IPO 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 and working capital [1]. Underwriters and Legal Counsel - Cathay Securities, Inc. acted as the representative of the underwriters, with Revere Securities LLC serving as co-underwriter [2]. - VCL Law LLP provided legal counsel to the Company, while Winston & Strawn LLP served as counsel to the underwriters [2]. Regulatory Compliance - The IPO was conducted under the Company's Registration Statement on Form F-1, which was declared effective by the U.S. Securities and Exchange Commission (SEC) on February 3, 2025 [3]. - A final prospectus related to the Offering was filed with the SEC and is available on the SEC's website [3].