Green Circle Decarbonize Technology Limited Announces Closing of the Underwriter’s Over-Allotment Option in Connection with its Initial Public Offering

Rhea-AI Summary

Green Circle Decarbonize Technology (NYSE: GCDT) closed the underwriter’s full over-allotment, selling an additional 375,000 ordinary shares at the IPO price of $4.00 per share. The Offering raised $11,500,000 in gross proceeds prior to underwriting discounts, commissions and estimated offering expenses.

The SEC declared the company’s Form F-1 effective on December 30, 2025. RBW Capital Partners acted as representative underwriter; Revere Securities served as co-manager.

Positive

• Additional capital raised: $11,500,000 gross proceeds
• Over-allotment exercised: 375,000 shares sold at $4.00 per share
• SEC effective date: Form F-1 declared effective December 30, 2025

Negative

• Net proceeds reduced: $11,500,000 is gross, payable prior to underwriting discounts, commissions and offering expenses

Market Reaction

+2.70% $3.80

15m delay 6 alerts

+2.70% Since News

$3.80 Last Price

$3.70 $4.22 Day Range

+$1M Valuation Impact

$46M Market Cap

0.1x Rel. Volume

Following this news, GCDT has gained 2.70%, reflecting a moderate positive market reaction. Our momentum scanner has triggered 6 alerts so far, indicating moderate trading interest and price volatility. The stock is currently trading at $3.80. This price movement has added approximately $1M to the company's valuation.

Data tracked by StockTitan Argus (15 min delayed). Upgrade to Silver for real-time data.

Key Figures

Over-allotment shares: 375,000 shares IPO price: $4.00 per share Total gross proceeds: $11,500,000 +4 more

7 metrics

Over-allotment shares 375,000 shares Additional ordinary shares sold via underwriter’s option

IPO price $4.00 per share Price for IPO and over-allotment shares

Total gross proceeds $11,500,000 Aggregate gross proceeds including IPO and over-allotment

IPO gross proceeds $10,000,000 Previously announced IPO gross proceeds before over-allotment

Form F-1 file number 333-276943 Registration statement for the IPO and over-allotment

Effectiveness date December 30, 2025 Date Form F-1 was declared effective by the SEC

Underwriter phone +1 (561) 391-5555 Contact for obtaining the final prospectus

Market Reality Check

Price: $3.70 Vol: Volume 14,335 is well bel...

low vol

$3.70 Last Close

Volume Volume 14,335 is well below the 20-day average of 138,117, indicating muted trading activity ahead of this news. low

Technical Shares at $4.29 are trading below the 200-day MA of $4.47 and 26.67% under the 52-week high of $5.85.

Previous IPO,offering Reports

1 past event · Latest: Jan 14 (Positive)

Same Type Pattern 1 events

Date	Event	Sentiment	Move	Catalyst
Jan 14	IPO closing	Positive	+32.1%	Closed $10,000,000 IPO at $4.00 with 45-day over-allotment option.

Pattern Detected

The only prior IPO/offering headline saw a strongly positive price reaction, suggesting investors previously responded favorably to capital-raising milestones.

Recent Company History

On January 14, 2026, Green Circle Decarbonize Technology closed its IPO, selling 2,500,000 shares at $4.00 for gross proceeds near $10,000,000, and the stock moved about 32.07% higher over 24 hours. That deal included a 45-day option for underwriters to buy up to 375,000 additional shares. Today’s announcement confirms that this over-allotment was fully exercised, increasing total gross proceeds to $11,500,000 and extending the same IPO terms.

Historical Comparison

IPO,offering

+32.1 %

Average Historical Move

Historical Analysis

Past IPO/offering news for GCDT (1 event) produced an average 24h move of 32.07%, showing the market has reacted strongly to capital-raising milestones.

Typical Pattern

IPO activity progressed from pricing and listing to closing on January 14, 2026, followed by full exercise of the underwriters’ 375,000-share over-allotment option at $4.00 per share.

Market Pulse Summary

This announcement confirms full exercise of the underwriters’ over-allotment option, adding 375,000 ...

Analysis

This announcement confirms full exercise of the underwriters’ over-allotment option, adding 375,000 shares at $4.00 and bringing total IPO-related gross proceeds to $11,500,000. It follows the IPO closing on January 14, 2026, which previously raised $10,000,000. Investors may focus on how this expanded funding supports factory construction and growth plans noted in prior filings, while tracking future disclosures on capital deployment and operating progress.

Key Terms

underwriter’s over-allotment option, initial public offering, form f-1, prospectus, +2 more

6 terms

underwriter’s over-allotment option financial

"it closed the sale of an additional 375,000 ordinary shares... underwriter’s over-allotment option"

An underwriter’s over-allotment option (often called a "greenshoe") lets the group selling new shares for a company temporarily issue or buy back up to a set extra percentage of shares beyond the original offering. It acts like a short-term cushion for the market: underwriters can add supply if demand is strong or buy shares to support the price if it falls, which can reduce short-term price swings and slightly affect investor dilution and liquidity.

initial public offering financial

"underwriter’s over-allotment option granted in connection with the Company’s initial public 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.

form f-1 regulatory

"A registration statement on Form F-1 (File No. 333-276943) relating to the Offering"

A Form F-1 is the document a non-U.S. company files with U.S. regulators when it wants to sell stock or other securities to U.S. investors. It lays out the company’s business, finances, risks and how the offering will work, acting like a product manual and ingredient list so investors can judge what they’re buying. For investors, it’s a key source of verified information used to compare opportunities and assess potential reward and risk.

prospectus regulatory

"The Offering is being made only by means of a prospectus."

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.

securities and exchange commission regulatory

"has been filed with the U.S. Securities and Exchange Commission (the "SEC")"

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.

registration regulatory

"absent registration or an applicable exemption from registration"

Registration is the formal filing or listing of a company, security, product, or document with a government or regulatory agency so it may be legally offered, sold, or publicly disclosed. Think of it like registering a car before you can drive it: it creates official records, requires certain disclosures, and signals that regulators have at least reviewed basic information. Investors care because registration increases transparency, enables trading or market access, and can materially affect a company’s liquidity, fundraising options, and regulatory risk.

AI-generated analysis. Not financial advice.

Hong Kong, Feb. 12, 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 that it closed the sale of an additional 375,000 ordinary shares of the Company, pursuant to the full exercise of the underwriter’s over-allotment option granted in connection with the Company’s initial public offering (“IPO”, together with such over-allotment closing, the “Offering”), at the IPO price of $4.00 per share, less underwriting discounts. As a result, the Company has raised aggregate gross proceeds of $11,500,000, including the previously announced IPO gross proceeds of $10,000,000, prior to deducting underwriting discounts and commissions and estimated offering expenses payable by the Company.

RBW Capital Partners LLC, whose securities and brokerage services are offered through Dawson James Securities, Inc. (“RBW”), 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 RBW in connection with the Offering. 

A registration statement on Form F-1 (File No. 333-276943) relating to the Offering, as amended, has been filed with the U.S. Securities and Exchange Commission (the "SEC") and was declared effective by the SEC on December 30, 2025. The Offering is being made only by means of a prospectus. A copy of the final prospectus relating to the Offering, when available, may be obtained from RBW Capital Partners LLC, whose securities and brokerage services are offered through Dawson James Securities, Inc., 101 North Federal Highway, Suite 600, Boca Raton, FL 33432, or by calling +1 (561) 391-5555 or by logging on to the SEC’s website at www.sec.gov. 

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

How many additional shares did Green Circle (GCDT) sell when the over-allotment option closed on February 12, 2026?

The company sold an additional 375,000 ordinary shares under the over-allotment option. According to the company, those shares were sold at the IPO price of $4.00 per share, completing the Offering's full exercise.

What were the total gross proceeds Green Circle (GCDT) reported after the over-allotment closing?

Green Circle reported aggregate gross proceeds of $11,500,000 after the over-allotment closing. According to the company, this total is prior to deduction of underwriting discounts, commissions and estimated offering expenses.

Who acted as lead underwriter for Green Circle's (GCDT) IPO and over-allotment closing?

RBW Capital Partners LLC acted as the representative underwriter, with Revere Securities LLC as co-manager. According to the company, RBW's securities and brokerage services are offered through Dawson James Securities, Inc.

At what IPO price per share did Green Circle (GCDT) sell the over-allotment shares?

The over-allotment shares were sold at the IPO price of $4.00 per share. According to the company, underwriting discounts were applied to that price as customary in the Offering.

When was Green Circle's Form F-1 declared effective by the SEC for the GCDT offering?

The SEC declared the company's Form F-1 effective on December 30, 2025. According to the company, the Offering is being made only by means of a prospectus filed with the SEC.

Where can investors obtain the final prospectus for Green Circle (GCDT) following the over-allotment closing?

Investors may obtain the final prospectus from RBW Capital Partners via Dawson James Securities or from the SEC website at www.sec.gov. According to the company, the prospectus provides more complete information before investing.