HONG KONG, September 20, 2024 /PRNewswire/ -- Global Engine Group Holding Limited (the “Company” or “GLE”), an information and communications technology (ICT) integrated solutions service provider headquartered in Hong Kong, today announced the pricing of its common stock initial public offering (“IPO offering”). GLE's current IPO issued a total of 2,000,000 shares of common stock at a public offering price of $4.00 per common share, raising a total of $8,000,000 (before deducting underwriter discounts and other issuance fees). GLE common stock has been approved for listing on the NASDAQ capital market. It is expected that public trading will begin on September 20, 2024, US Eastern Time, under the stock code “GLE”.

According to the over-allotment rights granted by the company to the underwriter, the underwriter can subscribe for up to 300,000 additional common shares at the public offering price within 45 days of the completion of the IPO. According to customary closing conditions, the company expects this public offering to be completed on September 23, 2024 EST.

This release is on an underwritten basis. R.F. Lafferty & Co., Inc. acted as the sole bookkeeping manager for this IPO offering. Robinson & Cole LLP acted as issuer attorney and Winston & Strawn LLP acted as underwriter attorney.

GLE plans to use the proceeds from this offering for: 1) brand promotion and marketing (25%); 2) talent recruitment (25%); 3) strategic investments and acquisitions (25%); and 4) supplementary general working capital (25%).

An application for GLE's listing (record number 333-266919) has been submitted to the U.S. Securities and Exchange Commission (“SEC”) and declared effective on September 16, 2024. This offering was issued in the form of a prospectus only. Prospectus may be obtained through the following institutions: R.F. Lafferty & Co. Inc., can be requested by email offerings@rflafferty.com or standard mail at the standard mail address R. F. Lafferty & Co. Inc., 40 Wall Street, 27th Floor, New York, NY10005. In addition, the final version of the prospectus can also be downloaded from the SEC website at www.sec.gov.

Before making an investment, you should read the prospectus and other documents that the company has submitted or will submit to the SEC to obtain more information about the company and offering. This press release does not constitute an offer to sell or an offer to buy; such securities may not be sold in any state or jurisdiction where the securities laws of any state or jurisdiction make such offers, solicitations, or sales unlawful before registration or qualification.

About Global Engine Group Holding Limited

Global Engine Group Holding Limited is a comprehensive solutions provider headquartered in Hong Kong that provides customers with achievable business results and innovative solutions driven by information and communications technology (ICT) through its operating wholly-owned subsidiaries. GLE's target customer groups include, but are not limited to, small and medium-sized telecom operators and ICT service providers seeking growth and expansion in the Hong Kong and Southeast Asian markets, data center and cloud computing service providers, and IoT solution providers that want to change the way services are delivered through the adoption of IoT technology and platforms. GLE provides the following services: (i) ICT solution services, including cloud platform deployment, IT system design and configuration services, maintenance services, data center rental services and cloud services; (ii) technical services, including technology development, support and outsourcing services for data center and cloud computing infrastructure, mobile and fixed network communications, and IoT projects; and (iii) project management services to improve productivity and global collaborative management, and achieve successful implementation and adoption of customer solutions. For more information, visit the website:, ir.globalengine.com.hk/.

Forward-looking statements

This press release contains forward-looking statements. Forward-looking statements include statements about plans, goals, goals, strategies, future events, expected results, assumptions, and any other factual statement that has not occurred. Any textual statement involving “may,” “will,” “should,” “believe,” “expect,” “expect,” “estimate,” “estimate,” or similar unfactual text, particularly relating to the company's listing on the NASDAQ global market and completion of the offering, shall be considered a forward-looking statement. Due to various factors, actual results may differ materially from historical results or what is stated in these forward-looking statements. These factors include, but are not limited to, the company's strategic goals, the company's future plans, market demand and user acceptance of the company's products or services, technology updates, economic trends, the company's reputation and brand, the impact of industry competition and bidding, relevant policies and regulations, fluctuations in China's macroeconomic situation, the international market situation of the company's services, and related risks and related assumptions disclosed in the prospectus. For these reasons and other related reasons, we recommend investors not to blindly rely on such forward-looking statements, and we urge investors to check the relevant company documents on the SEC website to obtain other factors that may affect the company's future operating results. The Company is under no obligation to publicly amend changes to these forward-looking statements due to specific events or reasons after these documents have been reported.

For more details, please contact:

underwriters
R. F. Lafferty & Co., Inc.
40 Wall Street, 27th Floor
New York, NY 10005
(212) 293-9090
offerings@rflafferty.com

Investor Relations
WFS Investor Relations Inc.
Janice Wang, Managing Partner
Email: services@wealthfsllc.com
Phone: + 86 13811768599
+1 628 283 9214