Green Circle Decarbonize Technology Limited Announces Closing of $10,000,000 Initial Public Offering

Rhea-AI Summary

Green Circle Decarbonize Technology (NYSE: GCDT) announced the closing of its initial public offering on January 14, 2026. The Company sold 2,500,000 ordinary shares at $4.00 per share for gross proceeds of approximately $10,000,000. The underwriters hold a 45-day option to buy up to 375,000 additional shares at the offering price.

The Company filed a final prospectus with the SEC on January 13, 2026 and intends to use net proceeds for factory construction, machinery acquisition, repayment of certain indebtedness, and general working capital.

Positive

• Gross proceeds of $10,000,000 from the IPO
• 2,500,000 shares sold at $4.00 per share
• Planned factory construction funded by offering proceeds
• Underwriter option available to support aftermarket supply (375,000 shares)

Negative

• Net proceeds will be lower due to underwriting discounts, commissions and offering expenses
• Use of proceeds includes repayment of existing indebtedness, indicating outstanding debt

News Market Reaction

+32.07%

35 alerts

+32.07% News Effect

+30.0% Peak in 3 hr 45 min

+$18M Valuation Impact

$73M Market Cap

0.1x Rel. Volume

On the day this news was published, GCDT gained 32.07%, reflecting a significant positive market reaction. Argus tracked a peak move of +30.0% during that session. Our momentum scanner triggered 35 alerts that day, indicating elevated trading interest and price volatility. This price movement added approximately $18M to the company's valuation, bringing the market cap to $73M at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

IPO price: $4.00 per share IPO shares: 2,500,000 shares Gross proceeds: $10,000,000 +5 more

8 metrics

IPO price $4.00 per share Initial public offering price

IPO shares 2,500,000 shares Ordinary shares sold in initial public offering

Gross proceeds $10,000,000 Gross proceeds from IPO before fees and expenses

Underwriter option shares 375,000 shares Additional shares subject to 45-day underwriter option

Underwriter option period 45 days Duration of option to purchase additional shares

Prospectus filing date January 13, 2026 Final prospectus filed with SEC

Free float 2,500,000 shares Shares float from risk context

52-week range $4.15 – $5.60 Pre-news 52-week low and high

Market Reality Check

Price: $4.90 Vol: Volume 2,185,400 vs 20-da...

normal vol

$4.90 Last Close

Volume Volume 2,185,400 vs 20-day average 2,431,483 (relative volume 0.9x) on IPO-closing news. normal

Technical Current price 4.21 vs 200-day MA 4.21, with shares listed near the 52-week low 4.15 and below the 52-week high 5.60.

Market Pulse Summary

The stock surged +32.1% in the session following this news. A strong positive reaction aligns with a...

Analysis

The stock surged +32.1% in the session following this news. A strong positive reaction aligns with an IPO that priced near the bottom of its early trading range, with shares around 4.21 versus a 52-week low of 4.15 and high of 5.60. The completed raise of $10,000,000 and a float of 2,500,000 shares could have amplified moves. Future trading often depended on how quickly proceeds translated into growth versus the market’s appetite for newly listed names.

Key Terms

initial public offering, prospectus, underwriters, Securities and Exchange Commission

4 terms

initial public offering financial

"announced the closing of its initial public offering (the “Offering”)"

An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.

prospectus regulatory

"filed a final prospectus relating to the offering with the Securities and Exchange Commission"

A prospectus is a detailed document that explains a company's plans for offering new shares or investments to the public. It’s important because it provides potential investors with key information about the company’s business, risks, and how they might make money, helping them decide whether to invest. Think of it as a guidebook for understanding what you're buying into.

underwriters financial

"The Company has granted the underwriters a 45-day option to purchase up to 375,000 additional Shares"

Underwriters are financial professionals or institutions that help companies raise money by selling new securities, such as stocks or bonds, to investors. They assess the risk and determine the price at which these securities should be sold, acting like a bridge between the company and the investors. Their role helps ensure that the company raises the needed funds while providing investors with options that reflect the level of risk involved.

Securities and Exchange Commission regulatory

"filed a final prospectus relating to the offering with the Securities and Exchange Commission"

A national government agency that enforces rules for buying, selling and disclosing information about stocks and other investments, acting like a referee and scorekeeper for financial markets. It requires companies to share clear, regular financial and business information and investigates fraud or rule-breaking, which matters to investors because those rules and disclosures help ensure fair prices, reduce hidden risks and make it easier to compare investment choices.

AI-generated analysis. Not financial advice.

Hong Kong, Jan. 14, 2026 (GLOBE NEWSWIRE) -- Green Circle Decarbonize Technology Limited (the “Company” or “Green Circle”) (NYSE: GCDT), a Cayman Islands holding company that develops and manufactures Phase Change Material (PCM-TES) storage system in designs and applying on cooling and heating system though its Hong Kong subsidiary, Boca International Limited. The Company today announced the closing of its initial public offering (the “Offering”) of 2,500,000 ordinary shares (“Shares”) at a public offering price of $4.00 per Share. The gross proceeds from the Offering, before underwriting discounts and commissions and estimated offering expenses payable by the Company, are approximately $10,000,000. In addition, the Company has granted the underwriters a 45-day option to purchase up to 375,000 additional Shares at the public offering price, less the underwriting discounts.

The Company filed a final prospectus relating to the offering with the Securities and Exchange Commission on January 13, 2026, which describes, among other things, the number and terms of the securities sold in the offering.

The Company intends to use the net proceeds of the Offering for (i) construction of a factory to expand its production capacity (ii) the acquisition of necessary machinery for production; (iii) repayment of certain indebtedness and borrowings; and (iv) general working capital purposes.

RBW Capital Partners LLC, whose securities and brokerage services are offered through Dawson James Securities, Inc. acted as the representative underwriter for the Offering, with Revere Securities LLC acting as the co-manager. Nauth LPC served as counsel to the Company, and Manatt, Phelps & Phillips, LLP served as counsel to the underwriters in connection with the Offering. 

Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more complete information about the Company and the Offering. This press release shall not constitute an offer to sell, or the solicitation of an offer to buy any of the Company’s securities, nor shall such securities be offered or sold in the United States absent registration or an applicable exemption from registration, nor shall there be any offer, solicitation or sale of any of the Company’s securities in any state or jurisdiction in which such offers, solicitations or sales would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. Any offers, solicitations, or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended.

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, 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, including the expectation that the Offering will be successfully completed. 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
Investor Relations Department
Email: dr.richardchan@gmail.com

FAQ

What did Green Circle (NYSE: GCDT) announce on January 14, 2026?

Green Circle announced the closing of its IPO, selling 2,500,000 shares at $4.00 per share for gross proceeds of approximately $10,000,000.

How will Green Circle use the net proceeds from the GCDT offering?

The company intends to use net proceeds for factory construction, machinery acquisition, repayment of certain indebtedness, and general working capital.

Does the GCDT offering include an over-allotment option?

Yes. Underwriters have a 45-day option to purchase up to 375,000 additional shares at the public offering price.

When was Green Circle's final prospectus for GCDT filed with the SEC?

The final prospectus was filed with the SEC on January 13, 2026.

What was the public offering price per share for GCDT?

The public offering price was $4.00 per share.

Who served as lead underwriter for the Green Circle IPO (GCDT)?

RBW Capital Partners LLC acted as representative underwriter, with Revere Securities LLC as co-manager.