12:16 PM EST, 02/25/2025 (MT Newswires) -- Everbright Digital (EDHL) said in a regulatory filing Tuesday that it is offering 1.5 million common shares in its initial public offering.

The shares are expected to be priced between $4 and $5 each, the company said, adding that the offering represents 5.66% of its shares after the IPO. If underwriters do not exercise their option to buy additional shares, 5.66% of the company will be held by public shareholders, the company said.

Everbright Digital has applied to list its shares on the Nasdaq Capital Market under the symbol "EDHL." The offering depends on the shares being successfully listed on the exchange, and it will not proceed unless they are listed, the company said.

Net proceeds are expected to be about $4 million. The funds will be used for purposes including marketing and business expansion, research and development of core technologies, and working capital, the company added.