Core Viewpoint - Univest Securities announced the closing of a public offering for EPWK Holdings Ltd, raising approximately $8 million to support the company's growth and operations [1][3]. Group 1: Offering Details - The offering consisted of 24,242,425 units, each unit comprising one Class A ordinary share or a pre-funded warrant, along with one warrant to purchase one Class A ordinary share [2]. - The public offering price was set at $0.33 per unit, with warrants having an exercise price of $0.3465 per Class A ordinary share, exercisable for six months from the issuance date [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for research development, business expansion, general working capital, and other corporate purposes [3]. Group 3: Company Background - EPWK Holdings Ltd connects businesses with talent through an innovative crowdsourcing platform, primarily serving small and medium-sized enterprises [7]. - The company was founded by Guohua Huang and operates through subsidiaries and contractual arrangements in China [7]. Group 4: Univest Securities Overview - Univest Securities, established in 1994, provides a range of financial services including investment banking and has raised over $1.5 billion in capital for various issuers since 2019 [6].

Core Viewpoint - EPWK Holdings Ltd. has received three deficiency letters from Nasdaq regarding non-compliance with listing requirements, but this does not immediately affect the trading of its shares [1][2]. Compliance Issues - The company failed to meet the minimum bid price requirement, with its Class A ordinary shares trading below $1.00 for 31 consecutive business days, and has until January 19, 2026, to regain compliance [7]. - The market value of the company's listed securities was below $50 million for 32 consecutive business days, with the same compliance deadline of January 19, 2026 [7]. - The market value of publicly held shares was below $15 million for 31 consecutive business days, also requiring compliance by January 19, 2026 [7]. 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 [3].