Decent Holding Inc. Announces Pricing of US$8 Million Registered Offering of Class A Ordinary Shares and Warrants

Rhea-AI Summary

Decent Holding (NASDAQ: DXST) priced a US$8.0 million registered offering on November 11, 2025 consisting of 13,333,333 Class A ordinary shares at US$0.60 per share and warrants to purchase 26,666,666 shares. Warrants carry an exercise price equal to 110% of the public offering price (US$0.66) and a 120-day term. Gross proceeds are expected to be approximately US$8.0 million before commissions and offering expenses, with closing targeted on or about November 12, 2025, subject to customary conditions. The company said net proceeds are intended for business expansion, R&D, river water quality services expansion, wastewater technology upgrades, and hiring. The offering is on a reasonable best-efforts basis with D. Boral Capital LLC as sole placement agent.

Positive

• Gross proceeds of approximately US$8.0 million
• Proceeds allocated to R&D and technology upgrades
• Proceeds allocated to business expansion and new offices
• Warrants provide additional financing potential at US$0.66

Negative

• 13,333,333 shares issued at US$0.60 may dilute existing shareholders
• Warrants could add 26,666,666 potential shares if exercised
• Offering is on a reasonable best-efforts basis, so funding is not guaranteed
• Gross proceeds stated before commissions and offering expenses

YANTAI, China, Nov. 11, 2025 (GLOBE NEWSWIRE) -- Decent Holding Inc. (NASDAQ: DXST) (“Decent” or the “Company”), an established wastewater treatment services provider in China, today announced the pricing of its US$8 million registered offering (the “Registered Offering”) consisting of 13,333,333 Class A ordinary shares, par value US$0.0001 per share ( the “Class A Ordinary Shares”) at a purchase price of US$0.60 per share (the “Public Offering Price”), and warrants to purchase 26,666,666 Class A ordinary Shares. The warrants have an exercise price equal to 110% of the Public Offering Price and a 120-day term. Gross proceeds to the Company are expected to be approximately $8.0 million, before deducting commissions and offering expenses. The Registered Offering is expected to close on or about November 12, 2025, subject to the satisfaction of customary closing conditions.

The Company expects to use the net proceeds from this Registered Offering for 1) its business expansion and additional offices launch; 2) product research and development; 3) promoting river water quality management service and expanding service of river water treatment; 4) development and upgrade of wastewater treatment technologies; and 5) recruiting talents in research, development and management.

The Registered Offering is being conducted on a reasonable best effort basis. D. Boral Capital LLC is acting as the sole placement agent for the Registered Offering. Ortoli Rosenstadt LLP is acting as U.S. counsel to the Company. Crone Law Group, P.C. is acting as U.S. counsel to the placement agent.

The Registered Offering is being conducted pursuant to an effective registration statement on Form F-1 (File No. 333-289797), as amended, previously filed with the U.S. Securities and Exchange Commission (“SEC”) and which subsequently became effective automatically on November 6, 2025 pursuant to Section 8(a) of the Securities Act of 1933. The Registered Offering is being made only by means of a prospectus that forms a part of the effective registration statement. Copies of the prospectus relating to the Registered Offering can be obtained at the SEC's website at www.sec.gov or from D. Boral Capital LLC by standard mail to D. Boral Capital LLC, 590 Madison Ave 39th Floor, New York, NY 10022, or by email at info@dboralcapital.com, or by telephone at +1 (212) 970-5150. In addition, copies of the final prospectus relating to the Registered Offering, when available, may be obtained via the SEC's website at www.sec.gov.

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 these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

About Decent Holding Inc.

Decent Holding Inc. specializes in the provision of wastewater treatment by cleansing the industrial wastewater, ecological river restoration and river ecosystem management by enhancing the water quality, as well as microbial products primarily used for pollutant removal and water quality enhancement, through the Company’s operating subsidiary, Shandong Dingxin Ecology Environmental Co., Ltd. For more information, please visit: https://ir.dxshengtai.com.

Forward-Looking Statement

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, such as the timing and completion of the Registered Offering, the satisfaction of closing conditions, the amount of proceeds to be received, the Company's intended use of proceeds, and the closing of the Registered Offering. 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. 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, the completion of the Registered Offering on the anticipated terms or at all, and all other factors discussed in the ”Risk Factors“ section of the Company’s latest Annual Report on Form 20-F and the ”Risk Factors“ section of the registration statement filed with the SEC, available for review at www.sec.gov. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

For investor and media inquiries, please contact:

D. Boral Capital
590 Madison Avenue, 39th Floor
New York, NY 10022
Main Phone: +1 (212) 970-5150
www.dboralcapital.com
info@dboralcapital.com

WFS Investor Relations Inc
Connie Kang, Partner
Email: ckang@wealthfsllc.com
Tel: +86 1381 185 7742 (CN)

FAQ

What did Decent Holding (DXST) announce on November 11, 2025?

Decent priced a US$8.0 million registered offering of 13,333,333 Class A shares at US$0.60 and warrants to buy 26,666,666 shares.

How many shares and warrants did DXST offer and at what prices?

DXST offered 13,333,333 shares at US$0.60 per share and warrants exercisable at 110% of that price (US$0.66) with a 120-day term.

When is the DXST registered offering expected to close?

The offering is expected to close on or about November 12, 2025, subject to customary closing conditions.

How does Decent plan to use the net proceeds from the DXST offering?

Net proceeds are intended for business expansion and new offices, product R&D, river water quality services expansion, wastewater technology upgrades, and recruiting.

Who is acting as placement agent for the DXST offering?

D. Boral Capital LLC is the sole placement agent for the offering.

What is the term and exercise price of the DXST warrants?

The warrants have a 120-day term and an exercise price equal to 110% of the public offering price (US$0.66).