Green Circle Decarbonize Technology Limited Announces 1-for-6 Share Consolidation to Become Effective on October 7, 2026
Green Circle will execute a 1-for-6 reverse share consolidation in October 2026, changing share counts, par value and trading terms for investors.
Rhea-AI Summary
Green Circle Decarbonize Technology Limited (GCDT) will implement a 1-for-6 share consolidation of its ordinary shares, effective 12:01 a.m. Eastern Time on October 7, 2026.
The consolidation combines every six issued and unissued shares into one share and increases par value from US$0.001 to US$0.006 per share. Class A ordinary shares are expected to begin trading on a split-adjusted basis on the NYSE American on October 7, 2026 under the existing symbol “GCDT”, with a new CUSIP G4092C131. Issued and outstanding Class A shares and authorized share capital will be proportionately reduced. Fractional entitlements will be rounded up to the next whole share, and equity-linked securities will be adjusted to reflect the 1-for-6 ratio.
Positive
- 1-for-6 share consolidation effective October 7, 2026 to support continued NYSE American listing compliance
- Fractional shares will be rounded up to the next whole share for affected holders
Negative
- None.
Details
Market move: GCDT +48.74% in the Sep 23 session. share consolidation
On Sep 23, the day this news came out, GCDT closed 48.74% above the previous close. Argus tracked a peak move of +137.5% during that session. Our momentum scanner recorded 156 alerts for this stock that day. Relative volume reached 1798.4x the daily average during tracking.
Data tracked by StockTitan Argus for the Sep 23 session.
Key Figures
- Share consolidation ratio
- 1-for-6
- Each six existing shares combine into one share
- Effective date
- October 7, 2026
- Consolidation effective at 12:01 a.m. Eastern Time
- Par value
- US$0.001 to US$0.006 per share
- Before and after the share consolidation
Key Terms
par value financial
cusip technical
phase change material technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
Hong Kong, Sept. 23, 2026 (GLOBE NEWSWIRE) -- Green Circle Decarbonize Technology Limited (the “Company”) (NYSE American: GCDT), a Cayman Islands holding company that, through its Hong Kong subsidiary, Boca International Limited, develops and manufactures Phase Change Material (PCM-TES) storage systems designed for cooling and heating applications, today announced that it will effect a 1-for-6 share consolidation (“Share Consolidation”) of its ordinary shares, including its class A ordinary shares, par value US
The Share Consolidation was approved by the Company's board of directors and subsequently approved by the Company's shareholders at an Extraordinary General Meeting held on August 10, 2026.
Share Consolidation
The Share Consolidation will combine every six (6) issued and unissued shares of the Company’s authorized share capital into one (1) share, with the par value of each share increasing from US
The Company’s Class A Ordinary Shares are expected to commence trading on a split-adjusted basis at the opening of trading on the NYSE American on Wednesday, October 7, 2026, subject to applicable NYSE American procedures.
The Company’s Class A Ordinary Shares will continue to trade on the NYSE American under the Company’s existing trading symbol, “GCDT.” The new CUSIP number for the Class A Ordinary Shares following the Share Consolidation will be G4092C131.
The Share Consolidation will proportionately reduce the number of issued and outstanding Class A Ordinary Shares. The Company’s authorized share capital will also be adjusted to reflect the Share Consolidation in accordance with the Company’s amended and restated memorandum and articles of association.
No fractional shares will be issued as a result of the Share Consolidation. Any fractional share entitlement resulting from the Share Consolidation will be rounded up to the next whole share in accordance with the shareholder resolution approving the Share Consolidation.
The 1-for-6 Share Consolidation will automatically combine six (6) existing Class A Ordinary Shares into one (1) new Class A Ordinary Share. The Company’s transfer agent, Odyssey Trust Company, will serve as transfer and exchange agent in connection with the Share Consolidation.
Registered shareholders holding pre-consolidation Class A Ordinary Shares electronically in book-entry form will not be required to take any action to receive their post-consolidation shares. Shareholders holding Class A Ordinary Shares through a broker, bank, trust company or other nominee will have their positions automatically adjusted to reflect the Share Consolidation, subject to the particular procedures of their broker, bank or nominee, and will not be required to take any action in connection with the Share Consolidation.
Holders of physical share certificates should contact Odyssey Trust Company for instructions regarding the exchange of certificates for post-consolidation shares.
Additional Information
Each outstanding stock option, warrant, restricted share unit or other security convertible into or exercisable for the Company’s ordinary shares that remains outstanding immediately prior to the effective time of the Share Consolidation will, as applicable, be adjusted in accordance with the terms of the applicable instrument, agreement or plan to reflect the 1-for-6 Share Consolidation.
The Share Consolidation will increase the par value of the Company’s shares from US
The primary purpose of the Share Consolidation is to increase the per-share trading price of the Company’s Class A Ordinary Shares and support the Company’s continued compliance with the NYSE American’s continued listing requirements.
About Green Circle Decarbonize Technology Limited
Green Circle Decarbonize Technology Limited is a Cayman Islands holding company operating through its Hong Kong subsidiary, Boca International Limited. The Company is a provider of advanced energy saving solutions supported by proprietary phase change thermal energy storage materials and thermal engineering services.
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. 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. Investors can find many (but not all) of these statements by the use of words such as “aim”, “anticipate”, “believe”, “estimate”, “expect”, “going forward”, “intend”, “may”, “plan”, “potential”, “predict”, “propose”, “seek”, “should”, “will”, “would” or other similar expressions in this press release. 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 you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.
For more information, please contact:
Green Circle Decarbonize Technology Limited
Chief Financial Officer
Email: louis.leung@vbg.com.hk
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Who is handling the technical and exchange process for the consolidation?
Odyssey Trust Company will act as the transfer and exchange agent in connection with the 1-for-6 share consolidation.
How will options, warrants and other convertible securities be treated?
Each outstanding stock option, warrant, restricted share unit or other security that is convertible into or exercisable for the company’s ordinary shares and remains outstanding immediately before the effective time will be adjusted, as applicable, under the relevant instrument, agreement or plan to reflect the 1-for-6 share consolidation.