Cre8 Enterprise Limited Announces Full Exercise of Over-Allotment Option

Core Viewpoint - Cre8 Enterprise Limited successfully completed the over-allotment option of its initial public offering, raising additional funds to support its business expansion and operational upgrades [1][2][3]. Group 1: Offering Details - The over-allotment option allowed the purchase of an additional 217,500 Class A ordinary shares at a public offering price of US$4.00 per share, generating gross proceeds of US$0.87 million [1][2]. - The total gross proceeds from the offering increased to approximately US$6.67 million before deducting underwriting discounts and other expenses [2]. Group 2: Use of Proceeds - The company plans to utilize the net proceeds for upgrading its office in Hong Kong, expanding its workforce, staff training, acquiring equipment, and general corporate purposes [3]. Group 3: Company Overview - Cre8 Enterprise Limited provides integrated financial printing services for listed companies and IPO applicants in Hong Kong, offering a range of services including design, typesetting, translation, and logistics [7]. - The company has expanded its services to include website design, branding, and technological support for disseminating financial reports and announcements [7].