Hong Kong, September 24, 2024 / PRNewswire / -- Global Engine Group Holding Limited (hereinafter referred to as "the Company" or "GLE"), an information and communication technology (ICT) integrated solution service provider based in Hong Kong, announced today the completion of its initial public offering ("IPO issuance") of common stocks. GLE's IPO issuance consists of 2,000,000 common shares issued at a public offering price of $4.00 per share, raising a total of $8,000,000 (excluding underwriter discounts and other issuance expenses). GLE's common stock has been approved for listing on the Nasdaq capital markets, and will begin trading publicly on September 20, 2024, Eastern Time, with the stock code 'GLE.' This public offering was completed on September 23, 2024, Eastern Time. Under the excess subscription rights granted by the Company to underwriters, the underwriters may additionally subscribe up to 300,000 shares of common stock at the public offering price within 45 days from the date of completion of this IPO issuance.

This issuance is conducted on an underwritten basis. R.F. Lafferty & Co., Inc. serves as the exclusive book-running manager for this IPO. Robinson & Cole LLP serves as legal counsel to the issuer, and Winston & Strawn LLP serves as legal counsel to the underwriters.

GLE plans to use the proceeds from this issuance for: 1) Brand promotion and marketing (25%); 2) Talent recruitment (25%); 3) Strategic investments and acquisitions (25%); 4) Supplementary general working capital (25%).

The application for listing on the GLE (record number 333-266919) has been submitted to the U.S. Securities and Exchange Commission ("SEC") and was declared effective on September 16, 2024. This offering is made only in the form of a prospectus. The prospectus can be obtained through the following institution: R. F. Lafferty & Co. Inc., request can be made via email offerings@rflafferty.com or by standard mail, the mailing address is 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 on the SEC website www.sec.gov.

Before making an investment, you should read the prospectus and other documents submitted or to be submitted to the SEC in order to obtain more information about the company and the offering. This press release does not constitute a solicitation of an offer to buy or sell securities; if any state or jurisdiction's securities laws require that such offers, invitations, or sales be illegal until registration or qualification is obtained, securities cannot be sold in those states or jurisdictions.