Key Takeaways:
- Green Circle Decarbonize Technology Limited has announced the pricing of its initial public offering (IPO) of 2,500,000 ordinary shares at a public offering price of $4.00 per share.
- The company expects to receive aggregate gross proceeds of $10,000,000 from the offering, which will be used to expand production capacity, acquire machinery, repay debt, and for general working capital purposes.
- The shares are expected to begin trading on the NYSE American Market on January 13, 2026, under the ticker symbol "GCDT".
- The company has granted the underwriters a 45-day option to purchase up to an additional 375,000 shares at the public offering price.
- Green Circle Decarbonize Technology Limited is a Cayman Islands holding company that develops and manufactures Phase Change Material (PCM-TES) storage systems for cooling and heating systems.
Introduction to Green Circle Decarbonize Technology Limited
Green Circle Decarbonize Technology Limited, a Cayman Islands holding company, has announced the pricing of its initial public offering (IPO) of 2,500,000 ordinary shares at a public offering price of $4.00 per share. The company, which operates through its Hong Kong subsidiary, Boca International Limited, is a provider of advanced energy-saving solutions supported by proprietary phase change thermal energy storage materials and thermal engineering services. The shares are expected to begin trading on the NYSE American Market on January 13, 2026, under the ticker symbol "GCDT".
The Initial Public Offering
The company expects to receive aggregate gross proceeds of $10,000,000 from the offering, before deducting underwriting discounts and commissions and estimated offering expenses payable by the company. The net proceeds from the offering will be used for several purposes, including the construction of a factory to expand production capacity, the acquisition of necessary machinery for production, repayment of certain indebtedness and borrowings, and general working capital purposes. The offering is expected to close on January 14, 2026, subject to the satisfaction of customary closing conditions.
Underwriters and Counsel
RBW Capital Partners LLC, whose securities and brokerage services are offered through Dawson James Securities, Inc., is acting as the representative underwriter for the offering, with Revere Securities LLC acting as the co-manager. Nauth LPC is serving as the company’s U.S. securities counsel, and Manatt, Phelps & Phillips, LLP is serving as counsel to the underwriter in connection with the offering. The shares described in the offering were offered by the company pursuant to a registration statement on Form F-1, as amended, that was declared effective by the U.S. Securities and Exchange Commission (SEC) on December 30, 2025.
Forward-Looking Statements and Risk Factors
Certain statements in the company’s announcement are forward-looking statements, including, but not limited to, the company’s proposed offering. These forward-looking statements involve known and unknown risks and uncertainties and are based on the company’s current expectations and projections about future events that may affect its financial condition, results of operations, business strategy, and financial needs. The company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure investors that such expectations will turn out to be correct, and the company cautions investors that actual results may differ materially from the anticipated results.
Conclusion and Contact Information
In conclusion, Green Circle Decarbonize Technology Limited has announced the pricing of its initial public offering, which is expected to provide the company with the necessary funds to expand its production capacity, acquire machinery, repay debt, and for general working capital purposes. The company’s shares are expected to begin trading on the NYSE American Market on January 13, 2026, under the ticker symbol "GCDT". For more information, please contact the company’s Investor Relations Department at [email protected]. The company’s registration statement and other filings with the SEC can be found on the SEC’s website at www.sec.gov.
