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Global Engine Group Holding Limited Announces Closing of the Underwriter’s Over-Allotment Option in Connection with its Initial Public Offering
Hong Kong, Oct. 18, 2024 (GLOBE NEWSWIRE) -- Global Engine Group Holding Limited (the “Company” or “GLE”), a Hong Kong-headquartered integrated solutions
About this update from Global Engine Group Holding Limited
[{"type":"text","content":"Hong Kong, Oct. 18, 2024 (GLOBE NEWSWIRE) -- Global Engine Group Holding Limited (the “Company” or “GLE”), a Hong Kong-headquartered integrated solutions provider in information communication technologies (“ICT”), today announced that it closed the sale of an additional 300,000 ordinary shares of the Company, pursuant to the full exercise of the underwriter’s over-allotment option granted in connection with the Company’s initial public offering (“IPO”, together with such over-allotment closing, the “Offering”), at the IPO price of $4 per share, less underwriting discounts. As a result, the Company has raised gross proceeds of $1,200,000 in addition to the previously announced IPO gross proceeds of $8,000,000, before deducting underwriting discounts and offering expenses. The Offering was conducted on a firm commitment basis. R.F. Lafferty & Co., Inc. (the “Underwriter”) acted as the sole underwriter for the Offering. Robinson & Cole LLP acted as U.S. counsel to the Company, and Winston & Strawn LLP acted as U.S. counsel to the Underwriter, in connection with the Offering. A registration statement on Form F-1 (File No. 333-266919) relating to the Offering, as amended, has been filed with the U.S. Securities and Exchange Commission (the \"SEC\") and was declared effective by the SEC on September 16, 2024. The Offering is being made only by means of a prospectus. Copies of the final prospectus related to the Offering may be obtained, when available, from R. F. Lafferty & Co., Inc by email at [email protected] or via standard mail to R. F. Lafferty & Co., Inc, 40 Wall Street, 27th Floor, New York, NY 10005. In addition, a copy of the final prospectus can also be obtained via the SEC's website at 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 Global Engine Group Holding LimitedGlobal Engine Group Holding Limited is an inte...