Latest news with #LLC
Business Upturn
8 hours ago
- Business
- Business Upturn
Cre8 Enterprise Limited Announces Pricing of Initial Public Offering and Listing on Nasdaq
Hong Kong, July 22, 2025 (GLOBE NEWSWIRE) — Cre8 Enterprise Limited (Nasdaq: CRE) (the 'Company'), a Hong Kong-based integrated financial printing service provider, today announced the pricing of its initial public offering (the 'Offering') of 1,450,000 Class A ordinary shares (the 'Class A Ordinary Shares') on July 22, 2025, at a price of $4.00 per Class A Ordinary Share (the 'Offering Price'). The Class A Ordinary Shares are expected to begin trading on the Nasdaq Capital Market on July 23, 2025 under the symbol 'CRE'. The Offering is expected to close on July 24, 2025, subject to the satisfaction of customary closing conditions. The Company expects to receive gross proceeds of approximately US$5.8 million from the Offering, before deducting underwriting discounts and other offering expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 217,500 Class A Ordinary Shares of the Company, at the Offering Price, representing 15% of the Class A Ordinary Shares sold in the Offering (the 'Over-allotment'). The Company intends to use the net proceeds for upgrading the Company's office in the Central District in Hong Kong and expanding its business, expanding its workforce and staff training, upgrading and/or acquiring equipment and information technology systems, and for working capital and other general corporate purposes. The Offering is being conducted on a firm commitment basis. American Trust Investment Services, Inc. is acting as the representative of the underwriters, with Prime Number Capital, LLC acted as the co-underwriter (collectively, the 'Underwriters') for the Offering. Ortoli Rosenstadt LLP acted as U.S. securities counsel to the Company. Winston & Strawn LLP acted as the legal counsel to the Underwriters in connection with the Offering. The Offering is being conducted pursuant to the Company's Registration Statement on Form F-1 (File No. 333-281629) previously filed with, and declared effective by the U.S. Securities and Exchange Commission (the 'SEC') on July 22, 2025. The Offering is being made only by means of a prospectus. You may get these documents for free by visiting EDGAR on the SEC website at . Alternatively, electronic copies of the prospectus relating to the Offering may be obtained from American Trust Investment Services, Inc. by standard mail to 1244 119th Street, Whiting, IN 46394, by telephone at +1 (219) 473-5542 or via email at [email protected]; or from Prime Number Capital, LLC by standard mail to Prime Number Capital, LLC, 12 E 49 St, Floor 27, New York, NY 10017, by email at [email protected], or by telephone at +1 (516) 717-5671. Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more information about the Company and the Offering. This press release has been prepared for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy any securities described herein, and no sale of these securities may be made in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. About Cre8 Enterprise Limited Cre8 Enterprise Limited provides 24/7 integrated financial printing services for listed companies, IPO applicants and private companies in the finance and capital market in Hong Kong under its brand, 'Cre8'. The services cover concept creation and artwork design, typesetting, proofreading, translation, printing, binding, logistics arrangement, uploading or making e-submissions of customers' financial reports and compliance documents and media placements. In addition to these core services, it has expanded its offerings to include complementary design services such as website design, branding, and content creation for marketing materials. Moreover, it is now providing technological support to its customers by disseminating and publishing announcements, circulars, financial reports, and industry news feeds through a website of its 'Cre8IR' brand. Forward-Looking Statements This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as 'may, 'will, 'intend,' 'should,' 'believe,' 'expect,' 'anticipate,' 'project,' 'estimate' or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. These forward-looking statements include, without limitation, the Company's statements regarding the expected trading of its Class A Ordinary Shares on the Nasdaq Capital Market, its intended use of proceeds and the closing of the Offering. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and the completion of the initial public offering on the anticipated terms or at all, and other factors discussed in the 'Risk Factors' section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. For more information, please contacts: Cre8 Enterprise Limited Email: [email protected] Phone: +852 3693 2688 Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. 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Business Wire
9 hours ago
- Business
- Business Wire
ITEOS THERAPEUTICS INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of iTeos Therapeutics, Inc.
NEW YORK CITY & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ('KSF') are investigating the proposed sale of iTeos Therapeutics, Inc. (NasdaqGM: ITOS) to Concentra Biosciences, LLC. Under the terms of the proposed transaction, shareholders of iTeos will receive $10.047 in cash per share, plus one non-transferable contingent value right, representing the right to receive: (i) 100% of the closing net cash of iTeos in excess of $475 million; and (ii) 80% of any net proceeds received from any disposition of certain iTeos' product candidates that occurs within six months following the closing. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company. If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn ( toll free at any time at 855-768-1857, or visit to learn more. To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit
News.com.au
11 hours ago
- Business
- News.com.au
Mark Zuckerberg expands on Hawaii compound, sparking concerns among locals
Mark Zuckerberg has reportedly expanded his sprawling $300 million (AU$460.2m) compound in Hawaii by nearly 1,000 acres — stoking yet more controversy with locals on the idyllic Pacific island chain, according to a report. The latest expansion on the Meta CEO's massive estate on the Hawaiian island of Kauai includes 962 acres of ranch land purchased earlier this year under an LLC, according to the tech news site WIRED. A person close to the sale estimated the purchase price at more than $65 million (AU$99.7m). The acquisition brings Zuckerberg's total holdings on Kauai to more than 2,300 acres. Property records place the land's market value at around $75 million (AU$115m). Inside the existing compound, Zuckerberg has constructed two mansions with a combined floor area comparable to a football field, a gym, a tennis court, several guesthouses, ranch buildings, saucer-shaped tree houses, a water system and a tunnel leading to an underground storm shelter about the size of an NBA basketball court, outfitted with blast-resistant doors and an escape hatch. Recent planning documents released through public records show plans for three more large buildings, ranging from 726 to 1036 square metres — nearly 10 times the size of the average home in Hawaii. Two of them include 16 bedrooms and 16 bathrooms between them, arranged in a motel-style layout, with a shared veranda spanning more than 120 square metres. Each building features cameras, keypad locks and motion detection devices. Hoffine Barr described the buildings as short-term guest housing for family, friends and staff. Satellite images show dozens of buildings on the property that have not yet appeared in public records. Based on bedroom counts in the documents WIRED reviewed, the compound could eventually accommodate more than 100 people. The seller was the Mary Lucas Trust Estate, whose lands were previously leased to sugar plantations and later restored for cattle grazing. Zuckerberg's spokesman Brandi Hoffine Barr confirmed the purchase to WIRED but did not comment on the size or price. 'Mark and Priscilla continue to make a home for their family and grow their ranching, farming, and conservation efforts at KoÊ»olau Ranch,' said Hoffine Barr. 'The vast majority of the land is dedicated to agriculture — including cattle ranching, organic ginger, macadamia nut, and turmeric farming, native plant restoration, and endangered species protection. After purchasing the ranch, they cancelled the previous owner's plans for 80 luxury homes.' The couple's investment now exceeds the $311 million (AU$477m) fiscal year 2024 operating budget for the island of Kauai. A local islander who fished in the area contacted Zuckerberg's representatives around 10 years ago to inform them that part of the compound housed the remains of his great-grandmother and her brother, according to the report. Julian Ako negotiated with Zuckerberg's team for months before finally being able to gain access to the burial site and register the graves with Hawaii's Department of Land and Natural Resources. According to WIRED, Ako tried unsuccessfully to locate the remains of other ancestor that may be buried on Zuckerberg's property. Hawaiian officials told WIRED that they confirmed 'the probability (based on oral testimony) of additional burial sites.' The burial site, first identified in 2015, was 'fenced off and maintained' after being discovered, Hoffine Barr told the publication. She added that workers are 'bound by regulations that require reporting of inadvertent discoveries of iwi' — or Hawaiian ancestral bones. But because workers on the project are bound by strict nondisclosure agreements, local residents fear that any future discovery of iwi could be concealed. 'If all of the workers have signed these nondisclosure agreements, then basically they're sworn to silence,' Ako told WIRED. 'If they uncover iwi — or bones — it's going to be a challenge for that to ever become public knowledge, because they're putting their jobs in jeopardy.' Zuckerberg began buying land on Kauai in 2014, acquiring 700 acres near the town of Kilauea for roughly $100 million (AU$153m). The purchase included parcels where hundreds of local residents held kuleana rights — traditional Hawaiian legal entitlements whereby descendants of original Native Hawaiian landowners can claim ancestral lands. In 2016, Zuckerberg filed 'quiet title and partition' lawsuits against those residents to clarify ownership. He later dropped the suits after public backlash, but the legal process continued under kuleana descendant Carlos Andrade, who eventually won sole ownership of the land at auction. In a 2017 op-ed, Zuckerberg wrote that Andrade, who died in 2022, could 'continue his quiet title action and pass down the kuleana rights because he had lived on and cared for these lands for more than 40 years.' By spring 2021, Zuckerberg added more than 560 acres of ranchland, some of it abutting Larsen's Beach. Later that year, he purchased another 110 acres, including the Kaloko Dam, an earthen reservoir that collapsed in 2006, killing seven people. Zuckerberg's presence on the island has drawn both support and scepticism. He has donated millions to local non-profits, including a charter school and an affordable housing organisation near the compound. His projects have also created well-paying jobs. But many locals remain uneasy about the influence of billionaires on the island's future. 'If our island has any hope of remaining Hawaii, this kind of activity has got to stop,' Puali'i Rossi, a professor of Native Hawaiian studies at Kauai Community College, told WIRED. 'Eventually Hawaii isn't going to look like Hawaii anymore — it's going to be a resort community. Are we really thinking about 100 years from now, what this island is going to look like?'
Bloomberg
12 hours ago
- Business
- Bloomberg
ConocoPhillips Nears $1.3 Billion Asset Sale to Flywheel Energy
ConocoPhillips is in advanced talks to sell some of its Oklahoma assets to closely held Flywheel Energy LLC for around $1.3 billion, as it streamlines its portfolio, people familiar with the matter said. The two companies could announce the deal in coming weeks, according to the people, who asked not to be identified because the information is private. Houston-based ConocoPhillips had been exploring the sale of oilfield acreage in Oklahoma's Anadarko Basin, the people said. Talks could also still fall apart.
Yahoo
20 hours ago
- Business
- Yahoo
WisdomTree Schedules Earnings Conference Call for Q2 on August 1, 2025 at 12:00 p.m. ET
NEW YORK, July 22, 2025--(BUSINESS WIRE)--WisdomTree, Inc. (NYSE: WT), a global financial innovator, announced today that it plans to host a conference call to discuss second quarter results on August 1, 2025 at 12:00 p.m. ET. Dial-In and Webcast Details Participant Dial-In: 877-407-9210 / +1 201-689-8049Participant International Toll-Free access numbers: Click Here Webcast: To avoid delays, we encourage participants to dial into the conference call 10 minutes ahead of the scheduled start time. All earnings materials and the webcast can be accessed through WisdomTree's investor relations website at: A replay of the webcast will also be available shortly after the call. About WisdomTreeWisdomTree is a global financial innovator, offering a diverse suite of exchange-traded products (ETPs), models and solutions, as well as digital asset-related products. Our offerings empower investors to shape their financial future and equip financial professionals to grow their businesses. Leveraging the latest financial infrastructure, we create products that emphasize access, transparency and provide an enhanced user experience. Building on our heritage of innovation, we offer next-generation digital products and services related to tokenized real world assets and stablecoins, as well as our blockchain-native digital wallet, WisdomTree Prime®, and institutional platform, WisdomTree Connect™.* * The WisdomTree Prime digital wallet and digital asset services and WisdomTree Connect institutional platform are made available through WisdomTree Digital Movement, Inc., a federally registered money services business, state-licensed money transmitter and financial technology company (NMLS ID: 2372500) or WisdomTree Digital Trust Company, LLC, in select U.S. jurisdictions and may be limited where prohibited by law. WisdomTree Digital Trust Company, LLC is chartered as a limited purpose trust company by the New York State Department of Financial Services to engage in virtual currency business. Visit the WisdomTree Prime mobile app or for more information. WisdomTree currently has approximately $128.4 billion in assets under management globally. For more information about WisdomTree, WisdomTree Connect and WisdomTree Prime, visit: Please visit us on X at @WisdomTreeNews. WisdomTree® is the marketing name for WisdomTree, Inc. and its subsidiaries worldwide. PRODUCTS AND SERVICES AVAILABLE VIA WISDOMTREE PRIME: NOT FDIC INSURED | NO BANK GUARANTEE | NOT A BANK DEPOSIT | MAY LOSE VALUE | NOT SIPC PROTECTED | NOT INSURED BY ANY GOVERNMENT AGENCY The products and services available through the WisdomTree Prime app and WisdomTree Connect are not endorsed, indemnified or guaranteed by any regulatory agency. Category: Business Update View source version on Contacts Media RelationsWisdomTree, Zaloom+1.917.267.3735jzaloom@ Natasha Ramsammy+1.917.267.3798nramsammy@ / wisdomtree@ Investor RelationsWisdomTree, Campbell+
