- Everbright Digital Holding Limited (EDHL, Financial) raised $6.0 million in its Nasdaq IPO by offering 1,500,000 shares at $4.00 each.
- The underwriters have a 45-day option to purchase an additional 225,000 shares.
- Proceeds will fund marketing expansion, R&D, overseas development, talent acquisition, and general capital.
Everbright Digital Holding Limited (EDHL), a Hong Kong-based integrated marketing solutions provider, has successfully closed its initial public offering (IPO) on the Nasdaq Capital Market. The company raised $6.0 million in gross proceeds by offering 1,500,000 ordinary shares at a price of $4.00 per share. The shares began trading on April 17, 2025, under the ticker symbol 'EDHL'.
The IPO structure includes a 45-day option for underwriters to purchase an additional 225,000 shares, potentially increasing the total funds raised. Dominari Securities led the firm commitment offering, with Revere Securities as co-underwriter and Pacific Century Securities as advisor.
The net proceeds from the IPO will be strategically allocated for various growth initiatives. These include marketing and business expansion, research and development of core technologies, overseas business development, talent acquisition and training, and general working capital. This approach aims to strengthen Everbright's operations and enhance its competitive positioning globally.
