Business
Cre8 Enterprise Limited Announces Full Exercise of Over-Allotment Option
Hong Kong, July 30, 2025 (GLOBE NEWSWIRE) -- Cre8 Enterprise Limited (Nasdaq: CRE) (the “Company”), a Hong Kong-based integrated financial printing service provider, today announced the full exercise of the over-allotment option (the “Over-allotment”) by American Trust Investment Services, Inc., the representative of the underwriters of the Company’s firm commitment initial public offering (the “Offering”), to purchase an additional 217,500 Class A ordinary shares (the “Class A Ordinary Shares”)
About this update from Cre8 Enterprise Limited
[{"type":"text","content":"Hong Kong, July 30, 2025 (GLOBE NEWSWIRE) -- Cre8 Enterprise Limited (Nasdaq: CRE) (the “Company”), a Hong Kong-based integrated financial printing service provider, today announced the full exercise of the over-allotment option (the “Over-allotment”) by American Trust Investment Services, Inc., the representative of the underwriters of the Company’s firm commitment initial public offering (the “Offering”), to purchase an additional 217,500 Class A ordinary shares (the “Class A Ordinary Shares”) of the Company at the public offering price of US$4.00 per share, and the closing of such issuance.","length":600,"tagName":"p"},{"type":"text","content":"The Class A Ordinary Shares of the Company commenced trading on the Nasdaq Capital Market on July 23, 2025, under the ticker symbol “CRE.”","length":138,"tagName":"p"},{"type":"text","content":"The gross proceeds from this Over-allotment closing were US$0.87 million and the aggregate gross proceeds from the Offering increased to approximately US$6.67 million, before deducting underwriting discounts and other offering expenses.","length":236,"tagName":"p"},{"type":"text","content":"The Company intends to use the net proceeds for upgrading the Company’s office in the Central District in Hong Kong and expanding its business, expanding its workforce and staff training, upgrading and/or acquiring equipment and information technology systems, and for working capital and other general corporate purposes.","length":322,"tagName":"p"},{"type":"text","content":"The Offering was conducted on a firm commitment basis. American Trust Investment Services, Inc. acts as the representative of the underwriters, with Prime Number Capital, LLC acts as the co-underwriter (collectively, the “Underwriters”) for the Offering. Ortoli Rosenstadt LLP acts as U.S. securities counsel to the Company. Winston & Strawn LLP acts as the legal counsel to the Underwriters in connection with the Offering.","length":428,"tagName":"p"},{"type":"text","content":"A registration statement on Form F-1 relating to the Offering has been filed with the U.S. Securities and Exchange Commission (“SEC”) (File Number: 333-281629) and was declared effective by the SEC on July 22, 2025. The Offering was made only by means of a prospectus. A final prospectus relating to the Offering was filed with the SEC on July 23, 2025 and may be ob...