Corporate ActionApr 30, 2026, 06:17 AM
EPWKF Registers 221.4M Class A Shares for Resale; Delisted Nasdaq
AI Summary
EPWK Holdings Ltd. filed an F-1/A registration statement for the resale of up to 221,376,995 Class A Ordinary Shares by existing Selling Shareholders. The company will not receive any proceeds from this sale. This filing follows EPWKF's delisting from Nasdaq on December 23, 2025, with its shares now trading on the OTCID Basic Market. The company also underwent a 40-for-1 share consolidation effective November 17, 2025, and reported a net loss of $10.44 million on revenues of $27.84 million for FY2025.
Key Highlights
- Registers up to 221,376,995 Class A Ordinary Shares for resale by Selling Shareholders.
- Delisted from Nasdaq on December 23, 2025, now trades on OTCID under "EPWKF".
- Implemented a 40-for-1 share consolidation effective November 17, 2025.
- Increased Class B ordinary share votes from 15 to 100 per share on September 15, 2025.
- Reported FY2025 revenue of $27.84 million and a net loss of $10.44 million.
- Reported FY2024 revenue of $20.22 million and a net loss of $1.20 million.
- Accumulated 9.04 million registered buyers and 17.51 million registered sellers as of June 30, 2025.
- Enabled $2.03 billion GMV across 564 million projects from Jan 2019 to June 30, 2025.