EPWK Holdings Ltd. Announces Pricing of $8 Million Public Offering
Rhea-AI Summary
EPWK Holdings (Nasdaq: EPWK) priced a best-efforts public offering expected to raise approximately $8.0 million gross before fees. The offering comprises 24,242,425 units at $0.33 per unit, each unit including one Class A ordinary share (or a pre-funded warrant) and one warrant to buy one Class A ordinary share.
Each warrant has an $0.3465 exercise price and is exercisable from issuance until the six-month anniversary. Closing is expected on or about October 8, 2025. Net proceeds are planned for R&D, business expansion, and working capital. Univest Securities is sole placement agent; SEC declared the registration effective on September 30, 2025.
Positive
- Gross proceeds of approximately $8.0 million
- Offering allocates funds to R&D and business expansion
- Warrants provide potential additional cash if exercised within six months
Negative
- Issuance of 24,242,425 units creates immediate share dilution
- Offering is best-efforts, so gross proceeds are not guaranteed
- Gross amount excludes placement agent fees and other offering expenses
News Market Reaction 47 Alerts
On the day this news was published, EPWK declined 67.16%, reflecting a significant negative market reaction. Our momentum scanner triggered 47 alerts that day, indicating elevated trading interest and price volatility. This price movement removed approximately $15M from the company's valuation, bringing the market cap to $7M at that time. Trading volume was exceptionally heavy at 40.5x the daily average, suggesting significant selling pressure.
Data tracked by StockTitan Argus on the day of publication.
The offering is comprised of 24,242,425 units (each a "Unit"), consisting of one Class A ordinary share of the Company, par value
The offering is expected to close on or about October 8, 2025, subject to satisfaction of customary closing conditions. The Company intends to use the net proceeds from this offering for research development, business expansion, general working capital purposes and other general corporate purposes.
Univest Securities, LLC is acting as sole placement agent for the offering.
The securities described above are being offered by the Company pursuant to a registration statement on Form F-1 (File No. 333-290300) previously filed and declared effective by the Securities and Exchange Commission (the "SEC") on September 30, 2025. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, 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 the registration or qualification under the securities laws of any such state or jurisdiction. The offering is being made only by means of a written preliminary prospectus and final prospectus that will form a part of the registration statement. A final prospectus relating to the offering will be filed with the SEC and will be available on the SEC's website at www.sec.gov. Electronic copies of the final prospectus relating to this offering may be obtained, when available, by contacting Univest Securities, LLC at info@univest.us, or by calling +1 (212) 343-8888.
About EPWK Holdings Ltd.
The Company connects businesses with outstanding talent through an innovative and efficient integrated crowdsourcing platform, providing creative transaction services for small and medium-sized enterprises and suppliers. The Company was founded by Guohua Huang, former chief reporter of Fujian Daily Press Group, and conducts its operations through its subsidiaries and contractual arrangements with the variable interest entity in
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements, including, but not limited to, the Company's proposed offering. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs, including the expectation that the offering will be closed. 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. 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.
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SOURCE EPWK HOLDINGS LTD.
FAQ
How much is EPWK (Nasdaq: EPWK) raising in the October 2025 offering?
What securities are included in EPWK's October 2025 offering?
What are the warrant terms in EPWK's offering dated October 7, 2025?
When is EPWK expected to close the public offering?
How does EPWK plan to use the net proceeds from the offering?
Who is acting as placement agent for EPWK's October 2025 offering?
