WebsiteIntroduction
EPWK HOLDINGS LTD (NASDAQ: EPWK), known in Korean as EPWK 플랫폼스, operates a cloud-sourcing platform that connects businesses with creative and technical talent. Since its debut on the Nasdaq Global Market on February 6, 2025, EPWK has engaged in public offerings in pursuit of growth and platform enhancements.
| Ticker | Exchange | Price (USD) | Daily Change | Volume |
|---|---|---|---|---|
| EPWK | NAS | 0.0720 | –34.55% | 19,651,819 |
Corporate Structure and Leadership
EPWK HOLDINGS LTD is incorporated outside mainland China and conducts its primary operations through a variable interest entity (VIE) in Xiamen, consolidating its economic benefits under EPWK WFOE. The company was founded by Guohua Huang, a former chief reporter of Fujian Daily Press Group, and utilizes contractual arrangements to comply with PRC restrictions on foreign ownership. The backgrounds of EPWK’s board and senior management include experience in media, technology, and finance; however, the total employee count is not publicly disclosed.
Cloud-sourcing by Aron Visuals
Recent Developments and News
- On February 7, 2025, EPWK announced the closing of its initial public offering of 2,750,000 Class A ordinary shares at an offering price of $4.10 per share, generating gross proceeds of $11.275 million. Underwriters have an option to purchase an additional 412,500 shares within 30 days.
- On October 7, 2025, EPWK priced a best-efforts offering of 24,242,425 units at $0.33 per unit (each unit comprising one Class A ordinary share or a pre-funded warrant plus one warrant). Univest Securities, LLC is serving as the placement agent, and the offering is expected to close on or about October 8, 2025.
Financial and Strategic Analysis
In the fiscal year ended December 31, 2024, EPWK reported revenue of $20.22 million, a 2.10% increase compared to the previous year, and a net loss of $1.20 million, 11.4% wider than in 2023. Proceeds from the February offering are earmarked for business development, marketing, research and development, and working capital. The October offering's proceeds will also be directed toward research development, business expansion, and general corporate purposes. Key warrant terms include a $0.0001 exercise price for pre-funded warrants and $0.3465 for traditional warrants expiring after six months.
Market Position and Industry Context
EPWK competes in the cloud-sourcing and digital services sector, targeting small- and medium-sized enterprises with offerings in design, software development (including BI platforms, ERP systems, and cybersecurity), and online promotion services. Its platform connects micro-sized sellers, including student artists and part-time freelancers, with corporate buyers across China and international markets. The company operates in a sector characterized by increasing adoption of AI-assisted creative tools and a growing demand for remote talent marketplaces.
tl;dr
Since its February 6, 2025, Nasdaq listing, EPWK’s share price has declined to $0.0720 (–34.55% on October 8, 2025). The company closed its IPO, raising $11.275 million in February and is finalizing an $8 million best-efforts offering expected to close on October 8, 2025, to support research and development and expansion plans.
