Everbright Digital Holdings Limited Announces Closing of Partial Exercise of Over-Allotment Option
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 22 2025
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Source: Newsfilter
Company Announcement: Everbright Digital Holdings Limited has issued an additional 160,000 ordinary shares at $4.00 each, raising approximately $640,000 as part of its initial public offering, which began trading on Nasdaq under the ticker "EDHL" on April 17, 2025.
Use of Proceeds: The company plans to utilize the net proceeds for marketing, business expansion, research and development, overseas business development, talent acquisition, and working capital.
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About EDHL
Everbright Digital Holding Ltd is a holding company principally engaged in the integrated marketing solutions provision business. The Company mainly provides digital marketing solutions including metaverse stimulation, virtual reality (VR) and augmented reality (AR) design and creation, creative event planning and management, intellectual property (IP) character creation and social media marketing. The Company also engages in the building out the three-dimensional (3D) virtual environments, developing the augmented reality components, testing the final products to identify and address technical issues business.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
