Creative Global Technology Holdings Limited (CGTL), a Hong Kong-based firm specializing in the sourcing and resale of recycled consumer electronics, has priced its initial public offering (IPO). The IPO involves 1,250,000 ordinary shares at $4.00 per share, generating $5,000,000 in gross proceeds before expenses. These shares are slated for listing on the Nasdaq Capital Market, commencing trading on November 26, 2024, under the ticker symbol “CGTL”.

Underwriters hold a 45-day option to purchase up to an additional 187,500 shares at the offering price, less discounts, to cover potential over-allotment.

The offering, conducted on a firm commitment basis, is expected to close on November 27, 2024, contingent upon customary closing conditions.

Benjamin Securities, Inc. leads the underwriting, with Prime Number Capital LLC as co-manager. Jun He Law Offices LLC serves as U.S. counsel to CGTL, and Winston & Strawn LLP represents the underwriters.

CGTL plans to allocate IPO proceeds to general corporate purposes, wholesale business expansion (including a new auction market), retail business growth, international market expansion, and the construction of a repair and refurbishment facility.

The SEC declared effective the registration statement (Form F-1, File No. 333-273329) on November 18, 2024. The offering is prospectus-based. Prospectuses are available from Benjamin Securities, Inc. at 3 West Garden Street Suite 407 Pensacola, FL 32502, via email at or by phone at (516) 931-1090, and on the SEC website at .

Prospective investors should review the prospectus and other SEC filings for comprehensive information. This press release does not constitute an offer to sell or a solicitation to buy securities where prohibited by law.

About Creative Global Technology Holdings Limited

Creative Global Technology Holdings Limited promotes sustainable electronics recycling, connecting supply and demand for pre-owned devices. The company sources and resells recycled smartphones, tablets, and laptops, channeling devices from developed markets to regions needing affordable technology. CGTL’s streamlined operations ensure efficient inspection and rapid availability. The company has expanded into retail sales and device rentals in Hong Kong.

Forward-Looking Statement

This release includes forward-looking statements, which are not guarantees of future performance and involve risks and uncertainties. These statements, including those regarding Nasdaq trading and offering closure, are subject to market conditions and other factors detailed in the registration statement’s “Risk Factors” section. Investors should not over-rely on these statements. Further information is available in CGTL’s SEC filings at . The company disclaims any obligation to update these statements.

For more information, please contact:

Underwriters

Benjamin Securities, Inc.
(516) 931-1090

Prime Number Capital, LLC
(516)717-5671

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

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