Everbright Digital Holdings Limited Announces Closing of Partial Exercise of Over-Allotment Option
Everbright Digital Holdings Limited (NASDAQ: EDHL) has announced the partial exercise of its over-allotment option, resulting in the issuance of 160,000 additional ordinary shares at US$4.00 per share, generating gross proceeds of approximately $640,000. The company, which began trading on the Nasdaq Capital Market on April 17, 2025, plans to use the proceeds for marketing expansion, R&D of core technologies, overseas business development, talent acquisition, and working capital.
The IPO was conducted on a firm commitment basis, with Dominari Securities LLC as the lead underwriter and Revere Securities LLC as co-underwriter. Pacific Century Securities, LLC served as an advisor to the company.
Everbright Digital Holdings Limited (NASDAQ: EDHL) ha annunciato l'esercizio parziale dell'opzione di sovrallocazione, con l'emissione di 160.000 azioni ordinarie aggiuntive a 4,00 USD per azione, generando proventi lordi di circa 640.000 USD. La società, che ha iniziato a essere quotata sul Nasdaq Capital Market il 17 aprile 2025, prevede di utilizzare i proventi per l'espansione del marketing, la ricerca e sviluppo delle tecnologie chiave, lo sviluppo del business all'estero, l'acquisizione di talenti e il capitale circolante.
L'IPO è stata effettuata con impegno fermo, con Dominari Securities LLC come sottoscrittore principale e Revere Securities LLC come co-sottoscrittore. Pacific Century Securities, LLC ha svolto il ruolo di consulente per la società.
Everbright Digital Holdings Limited (NASDAQ: EDHL) ha anunciado el ejercicio parcial de su opción de sobresuscripción, resultando en la emisión de 160,000 acciones ordinarias adicionales a 4.00 USD por acción, generando ingresos brutos aproximados de 640,000 USD. La compañía, que comenzó a cotizar en el Nasdaq Capital Market el 17 de abril de 2025, planea utilizar los ingresos para la expansión de marketing, I+D de tecnologías clave, desarrollo de negocios en el extranjero, adquisición de talento y capital de trabajo.
La oferta pública inicial se realizó bajo un compromiso firme, con Dominari Securities LLC como suscriptor principal y Revere Securities LLC como co-suscriptor. Pacific Century Securities, LLC actuó como asesor de la compañía.
에버브라이트 디지털 홀딩스 리미티드 (NASDAQ: EDHL)는 초과배정옵션의 일부를 행사하여 주당 4.00달러에 160,000주의 추가 보통주를 발행하였으며, 총 약 640,000달러의 총수익을 창출했습니다. 이 회사는 2025년 4월 17일 나스닥 자본시장에 상장되었으며, 수익금은 마케팅 확장, 핵심 기술 연구개발, 해외 사업 개발, 인재 확보 및 운전자본에 사용할 계획입니다.
이번 IPO는 확정 인수 방식으로 진행되었으며, Dominari Securities LLC가 대표 인수인, Revere Securities LLC가 공동 인수인으로 참여했습니다. Pacific Century Securities, LLC는 회사의 자문 역할을 맡았습니다.
Everbright Digital Holdings Limited (NASDAQ : EDHL) a annoncé l'exercice partiel de son option de surallocation, entraînant l'émission de 160 000 actions ordinaires supplémentaires au prix de 4,00 USD par action, générant des produits bruts d'environ 640 000 USD. La société, qui a commencé à être cotée sur le Nasdaq Capital Market le 17 avril 2025, prévoit d'utiliser les fonds pour l'expansion marketing, la R&D des technologies clés, le développement des activités à l'étranger, le recrutement de talents et le fonds de roulement.
L'introduction en bourse a été réalisée sur la base d'un engagement ferme, avec Dominari Securities LLC en tant que chef de file et Revere Securities LLC comme co-commissaire priseur. Pacific Century Securities, LLC a agi en tant que conseiller de la société.
Everbright Digital Holdings Limited (NASDAQ: EDHL) hat die teilweise Ausübung seiner Mehrzuteilungsoption bekannt gegeben, wodurch 160.000 zusätzliche Stammaktien zu je 4,00 USD ausgegeben wurden und Bruttoerlöse von etwa 640.000 USD erzielt wurden. Das Unternehmen, das am 17. April 2025 an der Nasdaq Capital Market notiert wurde, plant, die Erlöse für Marketingausbau, Forschung und Entwicklung von Kerntechnologien, internationale Geschäftsentwicklung, Talentakquise und Betriebskapital zu verwenden.
Der Börsengang erfolgte auf Festpreisbasis, mit Dominari Securities LLC als Hauptzeichner und Revere Securities LLC als Co-Underwriter. Pacific Century Securities, LLC fungierte als Berater des Unternehmens.
- Additional capital raised through over-allotment option ($640,000)
- Successful listing on Nasdaq Capital Market
- Clear allocation of funds for growth initiatives including R&D and business expansion
- Firm commitment underwriting structure indicating strong institutional support
- Relatively small offering size may limit impact on growth initiatives
- Additional share issuance leads to dilution for existing shareholders
Insights
Everbright secured an additional $640K through partial over-allotment exercise, indicating moderate demand following their recent Nasdaq IPO.
Everbright Digital Holdings has raised an additional $640,000 through the partial exercise of its over-allotment option, selling 160,000 shares at
The company has outlined a balanced capital allocation strategy for the proceeds, prioritizing growth initiatives through marketing expansion, R&D investment in core technologies, international business development, and talent acquisition. The firm commitment underwriting structure (rather than best efforts) demonstrates some confidence from underwriters in the offering, though the relatively small size of the capital raise (
For context, over-allotment options (greenshoe provisions) typically represent up to
HONG KONG, May 22, 2025 (GLOBE NEWSWIRE) -- Everbright Digital Holdings Limited (the “Company” or “Everbright”) (Nasdaq: EDHL), an integrated marketing solutions provider headquartered in Hong Kong, today announced that it has issued an additional 160,000 ordinary shares (the “Ordinary Shares”) at a price of US
The Company expects to use the net proceeds from the Offering and the exercise of the over-allotment option for (i) marketing and business expansion; (ii) continued research and development of the Company’s core technologies; (iii) business development overseas; (iv) talent acquisition and training; and (v) for working capital.
The Offering was conducted on a firm commitment basis. Dominari Securities LLC acted as the lead underwriter and Revere Securities LLC acted as co-underwriter for the Offering. Pacific Century Securities, LLC acted as an advisor to the Company. Ortoli Rosenstadt LLP acted as U.S. counsel to the Company, and Hunter Taubman Fischer & Li LLC acted as U.S. securities counsel to the underwriters.
A registration statement on Form F-1 relating to the Offering was filed with the U.S. Securities and Exchange Commission (the “SEC”) (File Number: 333-285191) and was declared effective by the SEC on March 31, 2025. The Offering was made only by means of a prospectus, forming a part of the registration statement. Copies of the final prospectus relating to the Offering may be obtained from Dominari Securities LLC by email at info@dominarisecurities.com, by standard mail to Dominari Securities LLC, 725 Fifth Avenue, 23rd Floor, New York, NY 10022, or by calling (212) 393-4500. In addition, copies of the final prospectus relating to the Offering may be obtained via the SEC’s website at www.sec.gov.
This press release does not constitute an offer to sell, or the solicitation of an offer to buy any of the Company’s securities, nor shall there be any offer, solicitation or sale of any of the Company’s securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
About Everbright Digital Holding Limited
Everbright Digital Holding Limited is an integrated marketing solutions provider headquartered in Hong Kong. The Company conducts all operations in Hong Kong through its operating subsidiary, Hong Kong United Metaverse Limited. The Company is an integrated marketing solutions provider in Hong Kong that is deeply involved in the metaverse and related technologies, providing one-stop digital marketing services to support businesses through every stage of their development, including metaverse stimulation, virtual reality (VR) and augmented reality (AR) design and creation, creative event planning and management, IP character creation and social media marketing.
For more information, please visit the Company’s website: https://umeta.hk/.
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions in this prospectus. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.
For investor and media inquiries, please contact:
Everbright Digital Holding Limited
Leung Chun Yip, CEO
Email: michael@umeta.hk
FAQ
What is the over-allotment option exercise price for EDHL shares?
How many additional shares did EDHL issue in the over-allotment option?
When did EDHL stock begin trading on Nasdaq?
How will EDHL use the proceeds from the over-allotment option?
Who was the lead underwriter for EDHL's IPO?
