Hong Kong, Nov. 17, 2025 (GLOBE NEWSWIRE) -- Cre8 Enterprise Limited (Nasdaq: CRE) (“Cre8” or the “Company”), a Hong Kong-based integrated financial printing service provider, announced today the launch of a new digital payment initiative that enables clients to settle payments using crypto-currencies, including USD Coin (USDC), Tether (USDT), and Bitcoin (BTC). This strategic move underscores the Company’s commitment to embracing financial innovation and adopting forward-looking payment solutions. “This r ...

Core Viewpoint - A ransomware attack has disrupted the MuniOS platform, affecting the ability of state and local borrowers to post debt documents in the $4.3 trillion municipal bond market [1][2]. Group 1: Impact on Municipal Bond Market - MuniOS, operated by ImageMaster LLC, has been out of service for several days, impacting the posting of bond offering documents [1]. - Despite the outage, market participants have not reported delays in transactions, although some issuers are using alternative platforms like BondLink [2][4]. - The municipal bond market is crucial for financing infrastructure projects for states, cities, and other entities [3]. Group 2: Operational Adjustments - Issuers are resorting to traditional methods, such as sending large-file PDFs directly and making extensive phone calls to investors [4]. - The Texas Transportation Commission successfully posted documents for a $1.8 billion sale on a different platform, McElwee & Quinn LLC, and provided physical copies to investors [5]. Group 3: Cybersecurity Concerns - Ransomware attacks have become a significant concern, with recent high-profile incidents affecting various corporations [6]. - The municipal market has seen growing concerns over cyber risks, highlighted by a previous incident where a bond sale was hacked [7]. - The MuniOS platform, launched in 1999, holds a significant market share, with over 70% reported in 2017 [7]. Group 4: Regulatory Response - The Municipal Securities Rulemaking Board has advised issuers to use its EMMA website for posting preliminary official statements and other market information during the MuniOS outage [8].

Core Points - Cre8 Enterprise Limited has received a notification from Nasdaq indicating that it no longer meets the minimum bid price requirement of $1 per share for its Class A Ordinary Shares [1][2] - The company has a compliance deadline of April 1, 2026, to regain compliance by maintaining the closing bid price at or above $1 for at least ten consecutive business days [2] - If compliance is not achieved by the deadline, the company may be eligible for additional time to regain compliance, provided it meets other listing requirements [2][3] Company Overview - Cre8 Enterprise Limited is a Hong Kong-based integrated financial printing service provider, offering services to listed companies, IPO applicants, and private companies in the finance and capital market [4] - The company's services include concept creation, artwork design, typesetting, proofreading, translation, printing, binding, logistics, and e-submissions of financial reports and compliance documents [4] - Cre8 has expanded its offerings to include website design, branding, content creation for marketing materials, and technological support for disseminating announcements and financial reports through its "Cre8IR" brand [4]

Core Insights - Cre8 Enterprise Limited is developing internal AI tools to enhance its financial printing services, focusing on translation, typesetting, proofreading, and design [1][2] - The AI-driven enhancements are expected to improve accuracy, reduce turnaround times, and lower costs, with translation costs potentially decreasing by up to 90% compared to traditional methods [2] - The company is also exploring strategic partnerships with technology leaders to expand the applications of its developed tools [2][3] Company Overview - Cre8 Enterprise Limited provides integrated financial printing services for listed companies, IPO applicants, and private companies in Hong Kong, covering a wide range of services from design to logistics [4] - The company has expanded its offerings to include complementary services such as website design, branding, and content creation for marketing materials [4] - Cre8 also supports clients by disseminating and publishing financial reports and announcements through its "Cre8IR" brand [4]

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].

Core Points - Cre8 Enterprise Limited has successfully closed its initial public offering (IPO) of 1,450,000 Class A ordinary shares at a price of $4.00 per share, generating gross proceeds of approximately $5.8 million [1][2] - The Class A Ordinary Shares began trading on the Nasdaq Capital Market under the ticker symbol "CRE" on July 23, 2025 [1] - The company has granted underwriters a 45-day option to purchase an additional 217,500 Class A Ordinary Shares, representing 15% of the shares sold in the offering [1] Use of Proceeds - The net proceeds from the IPO will be utilized for upgrading the company's office in Hong Kong, expanding its workforce, staff training, acquiring equipment and IT systems, and for general corporate purposes [2] Underwriters and Legal Counsel - The offering was conducted on a firm commitment basis with American Trust Investment Services, Inc. as the representative of the underwriters and Prime Number Capital, LLC as the co-underwriter [3] - Ortoli Rosenstadt LLP serves as U.S. securities counsel to the company, while Winston & Strawn LLP acts as legal counsel to the underwriters [3] Company Overview - Cre8 Enterprise Limited provides integrated financial printing services for listed companies, IPO applicants, and private companies in Hong Kong, covering a range of services from design to logistics [6] - The company has expanded its offerings to include complementary design services and technological support through its "Cre8IR" brand [6]

Core Viewpoint - Cre8 Enterprise Limited has announced the pricing of its initial public offering (IPO) of 1,450,000 Class A ordinary shares at a price of $4.00 per share, with expected gross proceeds of approximately $5.8 million [1][3]. Group 1: Offering Details - The Class A Ordinary Shares are set to begin trading on the Nasdaq Capital Market under the symbol "CRE" on July 23, 2025, with the offering expected to close on July 24, 2025 [2]. - The company has granted underwriters a 45-day option to purchase an additional 217,500 Class A Ordinary Shares, representing 15% of the shares sold in the offering [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be used for upgrading the company's office in Hong Kong, expanding its workforce, staff training, acquiring equipment and IT systems, and for general corporate purposes [4]. Group 3: Company Overview - Cre8 Enterprise Limited provides integrated financial printing services for listed companies, IPO applicants, and private companies in Hong Kong, covering a range of services from design to logistics and compliance document submissions [8]. - The company has expanded its offerings to include website design, branding, and technological support for disseminating financial reports and announcements through its "Cre8IR" brand [8].