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EPWK Holdings Ltd (EPWK) operates a leading crowdsourcing platform connecting businesses with specialized talent in the digital-first economy. This news hub provides investors and business professionals with verified updates about the company’s strategic initiatives, operational milestones, and market positioning.
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EPWK (NASDAQ: EPWK), a leading Chinese online marketplace for creative services, has launched its international platform at intl.epwk.com. The company reported impressive metrics including $350 million in GMV for 2023, 25.6 million registered users across 2,800+ regions, and cumulative GMV exceeding $1.67 billion.
The platform leverages AI technology, including its proprietary "EPWK AI Assistant" built on DeepSeek's LLM, to facilitate service matching and workflow automation across 300+ service categories. The company's global expansion strategy targets Southeast Asia, Japan, and Western markets, positioning EPWK as a global creative services marketplace.
According to Frost & Sullivan, the Chinese creative crowdsourcing market is projected to reach $24.3 billion by 2028. EPWK plans to enhance its AI integration, expand into higher-value services, and strengthen its international presence through localized operations and strategic partnerships.
EPWK Holdings Ltd. (NASDAQ:EPWK), a Chinese creative services platform, has evolved from establishing industry standards to becoming a Nasdaq-listed company. The company pioneered the "Specification for sharing platform service of creative knowledge and skills" standard in 2020, which regulated platform operations and creative services delivery.
As of mid-2024, EPWK has served 8.74 million buyers and 16.92 million sellers across 2,800+ Chinese cities, completing 4.6 million projects with a total GMV exceeding $1.67 billion. The platform recently enhanced its capabilities by integrating DeepSeek AI technology and launching an international version in June 2025, featuring four core modules: Talent Center, Service Mall, Case Display, and Message Center.
EPWK Holdings (NASDAQ:EPWK), a cloud-sourcing platform company, has received three deficiency letters from Nasdaq due to non-compliance with listing requirements. The company faces challenges including: share price below $1.00 for 31 consecutive business days, market value of listed securities below $50 million for 32 consecutive business days, and market value of publicly held shares below $15 million for 31 consecutive business days.
EPWK has until January 19, 2026 to regain compliance with all requirements. The deficiency notices do not immediately affect the company's listing status on the Nasdaq Global Market, and management is actively monitoring the situation while considering available options.
EPWK Holdings announced the full exercise of underwriters' over-allotment option for its initial public offering, with underwriters purchasing an additional 412,500 Class A ordinary shares at $4.10 per share. The total gross proceeds from the IPO, including the over-allotment, reached $12.97 million before deducting underwriting discounts and expenses.
The company's Class A ordinary shares began trading on the Nasdaq Global Market on February 6, 2025, under the ticker symbol 'EPWK'. The proceeds will fund business development, marketing, R&D, exploration of new products and services, creation of an online global design center, and general corporate purposes.
Cathay Securities acted as the lead underwriter, with Revere Securities as co-underwriter. The offering was conducted through a Registration Statement on Form F-1 declared effective by the SEC on February 3, 2025.
EPWK Holdings has successfully completed its initial public offering (IPO) on the Nasdaq Global Market, raising $11.275 million in gross proceeds. The company offered 2,750,000 Class A ordinary shares at $4.10 per share, with trading commencing under the ticker symbol 'EPWK' on February 6, 2025.
The company, which specializes in connecting businesses with talent through cloud-sourcing platforms, has granted underwriters a 30-day option to purchase up to 412,500 additional Class A ordinary shares. The IPO proceeds will fund business development, marketing, R&D, new product exploration, an online global design center creation, and general corporate purposes.
Cathay Securities served as the lead underwriter, with Revere Securities as co-underwriter for this firm commitment offering.
EPWK HOLDINGS has announced the pricing of its initial public offering (IPO) on the Nasdaq Global Market. The company is offering 2,750,000 Class A ordinary shares at $4.10 per share, with trading beginning on February 6, 2025, under the ticker symbol 'EPWK'.
The IPO is expected to generate gross proceeds of $11.275 million before deducting underwriting discounts and expenses. The company has also granted underwriters a 30-day option to purchase up to 412,500 additional shares.
The proceeds will fund business development, marketing, R&D, exploration of new products and services, creation of an online global design center, and general corporate purposes. Cathay Securities served as the lead underwriter, with Revere Securities as co-underwriter.
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