Cre8 Enterprise Announces Full Exercise of Over-Allotment Option, Raising $0.87M

Cre8 Enterprise Limited announced the full exercise of the over-allotment option, resulting in an additional 217,500 Class A ordinary shares being purchased at $4.00 per share. The gross proceeds from the over-allotment closing were $0.87 million, increasing the aggregate gross proceeds from the initial public offering to approximately $6.67 million. The company intends to use the net proceeds for business expansion, staff training, equipment upgrades, and working capital.

Cre8 Enterprise Limited, a Hong Kong-based financial printing service provider, has announced the full exercise of its over-allotment option, resulting in an additional 217,500 Class A ordinary shares being purchased at $4.00 per share. The gross proceeds from the over-allotment closing were $0.87 million, increasing the aggregate gross proceeds from the initial public offering to approximately $6.67 million. The company intends to use the net proceeds for business expansion, staff training, equipment upgrades, and working capital.

The company's shares began trading on the Nasdaq Capital Market on July 23, 2025, under the ticker symbol "CRE." The initial public offering (IPO) raised approximately $5.8 million before expenses, with the underwriters granted a 45-day option to purchase an additional 217,500 shares. The over-allotment exercise was fully executed, indicating strong initial investor demand for the company.

The proceeds from the IPO and over-allotment will be used for various purposes, including upgrading the company’s office in the Central District in Hong Kong, 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. The company aims to leverage these funds to enhance its operational capabilities and drive growth.

The IPO was conducted with the assistance of American Trust Investment Services, Inc. and Prime Number Capital, LLC, with a registration statement filed with the SEC. The offering was made only by means of a prospectus, which can be obtained from the underwriters or through the SEC's website.

References:
[1] https://www.nasdaq.com/articles/cre8-enterprise-limited-closes-initial-public-offering-raises-approximately-58-million
[2] https://www.stocktitan.net/news/CRE/cre8-enterprise-limited-announces-full-exercise-of-over-allotment-bc9alhgrgjq5.html