A public offering is when a company sells shares to the general public through the stock market, either by issuing new shares to raise cash or by letting existing owners sell their stakes. Think of it like a business opening its doors to many new owners at once: it can bring in money for growth but also increases the number of shares available, which can change the stock price and dilute existing ownership — key factors investors watch closely.
gross proceedsfinancial
The total amount of cash a company receives from a financing event or sale before any fees, expenses, taxes or deductions are taken out. Investors watch gross proceeds because it shows the raw scale of new capital being raised—think of it as the paycheck amount before withholdings—which helps assess how much funding is available for operations, growth, debt payoff or how much shareholder dilution might occur once costs are removed.
placement agentfinancial
A placement agent is a professional or firm that helps organizations raise money from investors, such as individuals, institutions, or funds. They act like matchmakers, connecting those seeking investments with the right investors and guiding the process to ensure successful funding. For investors, they can provide access to exclusive opportunities and help navigate complex fundraising efforts.
registration statementregulatory
A registration statement is a formal document that companies file with a government agency to offer new shares of stock to the public. It provides essential information about the company's finances, operations, and risks, helping investors make informed decisions. Think of it as a detailed product description that ensures transparency and trust before buying into a company.
form f-1regulatory
A Form F-1 is the document a non-U.S. company files with U.S. regulators when it wants to sell stock or other securities to U.S. investors. It lays out the company’s business, finances, risks and how the offering will work, acting like a product manual and ingredient list so investors can judge what they’re buying. For investors, it’s a key source of verified information used to compare opportunities and assess potential reward and risk.
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LOS ANGELES--(BUSINESS WIRE)--
WestPark Capital, a Los Angeles based international investment bank and securities brokerage firm today announced the closing of a public offering for Everbright Digital Holding Limited (NASDAQ: EDHL), an integrated marketing solutions provider headquartered in Hong Kong. The Company issued 4,293,000 of the Company's ordinary shares.Each ordinary share was sold at an offering price of $1.88 per share.The gross proceeds to the Company from the Offering were approximately $8.07 million, before deducting placement agent fees and other Offering expenses payable by the Company.The Company intends to use the net proceeds from the Offering for working capital and general corporate purposes.
WestPark Capital, Inc. was the sole placement agent for the Offering.
The Ordinary Shares were offered pursuant to a registration statement on Form F-1 (File No. 333-297089) (the “Registration Statement”), which was filed with the U.S. Securities and Exchange Commission (the “SEC”) on May 14, 2026, and declared effective by the SEC on July 23, 2026. The Offering was made only by means of a prospectus which is a part of the Registration Statement. Copies of the final prospectus relating to the Offering may be obtained from WestPark Capital, Inc., 1800 Century Park East, Suite 220, Los Angeles, California 90067. In addition, a copy of the final prospectus can also be obtained via the SEC’s website at http://www.sec.gov.
Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more information about the Company and the Offering. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these 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 any such state or jurisdiction.
About WestPark Capital
WestPark Capital is a full-service investment bank focused on emerging growth sectors such as healthcare, software, technology, biotechnology, financial services, manufacturing, consumer products, media and telecom industries, among other categories. WestPark Capital provides a comprehensive range of corporate finance services, including initial public offerings, follow-on offerings, private placements, CMPOs, RDs, SIPOs and corporate finance advisory services.
