EPWK Holdings shares jump 12.78% premarket after announcing $14.2 million private placement for general corporate purposes.

EPWK Holdings surged 12.78% in premarket trading following the announcement of a $14.2 million private placement of 10 million Class A ordinary shares at $1.42 per share. The proceeds will support general corporate purposes, with investors set to receive additional shares (15% upon the company’s annual report filing and 20% if Nasdaq compliance is restored and maintained for 180 days). The deal, expected to close in January 2026, includes provisions for investors to purchase up to 15% more shares in future financings at the same price. These equity-linked incentives and the immediate infusion of capital likely signaled improved financial flexibility and value creation potential, driving the premarket rally.