Global Engine Group Holding Limited Announces Closing of the Underwriter’s Over-Allotment Option in Connection with its Initial Public Offering
October 18 2024 - 12:55PM
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 offerings@rflafferty.com 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
integrated solutions provider that operates via a wholly-owned
subsidiary incorporated in Hong Kong to deliver (i) ICT solution
services which include the cloud platform deployment, IT system
design and configuration, maintenance, data center colocation and
cloud services; (ii) technical services which include the technical
development, support, and outsourcing services for data center and
cloud computing infrastructure, mobility and fixed network
communications, as well as IoT projects; and (iii) project
management services which enhances productivity and collaboration
management and enables successful implementations and adoption of
solutions for customers, to drive business outcomes and innovation
for its customers. GLE’s target customer groups include: (i) small
to medium-sized telecom operators and ICT service providers seeking
expansion in Hong Kong and the South East Asian market; (ii) data
center and cloud computing services providers; and (iii)
Internet-of-things (“IoT”) solutions providers. For more
information, please
visit: www.globalengine.com.hk; ir.globalengine.com.hk/.
Forward-Looking StatementThis
press release contains forward-looking statements. Forward-looking
statements include statements concerning plans, objectives, goals,
strategies, future events or performance, and underlying
assumptions and other statements that are other than statements of
historical facts. When the Company uses words such as "may, "will,
"intend," "should," "believe," "expect," "anticipate," "project,"
"estimate" or similar expressions that do not relate solely to
historical matters, it is making forward-looking statements.
Forward-looking statements are not guarantees of future performance
and involve risks and uncertainties that may cause actual results
to differ materially from the Company's expectations discussed in
the forward-looking statements. These forward-looking statements
are subject to uncertainties and risks including, but not limited
to, the uncertainties related to market conditions and other
factors discussed in the “Risk Factors” section of the registration
statement filed with the SEC. For these reasons, among others,
investors are cautioned not to place undue reliance upon any
forward-looking statements in this press release. Additional
factors are discussed in the Company's filings with the SEC, which
are available for review at www.sec.gov. The Company
undertakes no obligation to publicly revise these forward-looking
statements to reflect events or circumstances that arise after the
date hereof.
For more information, please
contact:UnderwritersR. F. Lafferty & Co., Inc.40 Wall
Street, 27th FloorNew York, NY 10005(212)
293-9090offerings@rflafferty.com
Investor RelationsWFS Investor Relations
Inc.Janice Wang, Managing
PartnerEmail: services@wealthfsllc.comPhone: +86 13811768599+1
628 283 9214
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