Intercont (Cayman) Ltd is the subject of Amendment No. 1 to a Schedule 13G/A filed on 05/01/2026 by Streeterville Capital LLC, Streeterville Management LLC, and John M. Fife. The filing states the reporting persons beneficially own 0 ordinary shares of the $0.0001 par value class (CUSIP G48049103) and report 0% ownership.
Intercont (Cayman) Ltd is registering 2,525,067 Class A ordinary shares for resale by selling shareholders.
This Prospectus Supplement updates the Form F-1 and attaches a Form 6-K. The company implemented a 25:1 reverse stock split effective April 2, 2026 and created dual classes (Class A: 1 vote; Class B: 30 votes). The company will receive no proceeds from these resales. Financial highlights in the Form 6-K: six‑month revenue of $12.6M, net loss of $2.68M, cash approximately $4.0M as of December 31, 2025, and a working capital deficit of about $16.2M. The selling price reference: last reported sale $2.76 per share on April 2, 2026.
Intercont (Cayman) Limited reports unaudited results for the six months ended December 31, 2025, showing revenue of $12.6 million, down from $13.4 million. The business, focused on time charter and vessel management services, was affected by dry-docking, repairs and lower time-charter hire rates.
Gross profit fell to $3.0 million with margin compressing from 29% to 24%, while general and administrative expenses rose to $3.9 million driven by about $2.1 million in professional and legal fees tied to post-IPO expansion. This led to a net loss of $2.7 million versus prior net income of $0.9 million. Cash was $4.0 million and working capital deficit $16.2 million, but major shareholders have committed financial support through October 31, 2026, and management believes liquidity is adequate for the next 12 months. The company also implemented a dual-class share structure and a 25:1 share consolidation, reducing authorized and outstanding ordinary shares while increasing par value per share.
Intercont (Cayman) Ltd director and Chief Financial Officer Wang QingYuan has filed an initial statement of beneficial ownership on Form 3. This filing establishes their status as an insider of NCT but does not report any share holdings or recent transactions.
Intercont (Cayman) Limited is consolidating its shares 25-for-1 to address Nasdaq listing requirements. Effective April 2, 2026, every 25 issued and outstanding ordinary shares will be combined into one share, and the Class A ordinary shares will begin trading on a split-adjusted basis under the same symbol “NCT”.
The company is targeting compliance with Nasdaq’s minimum $1.00 bid price per share requirement under Marketplace Rule 5550(a)(2). The total number of authorized ordinary shares will be reduced from 1,000,000,000 to 40,000,000, and par value will change to $0.0025 per share. Fractional shares will not be issued; any fractional positions will be rounded up at the beneficial holder level, with book-entry and street-name holders adjusted automatically through the transfer agent and brokers.
Intercont (Cayman) Ltd disclosed a new Form 3 for Li Dahong, who is identified as an independent director. The filing shows no reported transactions or holdings, indicating this is an initial beneficial ownership report without any buy, sell, or derivative activity.
Intercont (Cayman) Ltd director Michael Schumann filed an initial Form 3, which is a required statement of beneficial ownership for insiders. The filing lists him as an independent director and does not report any stock transactions or holdings in the non-derivative or derivative sections.
Intercont (Cayman) Ltd director Ma Yuanmei has filed an initial Form 3, which is the first statement of beneficial ownership for insiders. The filing identifies Ma as an independent director of the company and shows no reportable stock or derivative transactions in this submission.
Intercont (Cayman) Ltd director and officer Zhu Muchun, who is also a more than ten percent owner, filed an initial Form 3 showing indirect holdings of NCT Class B Ordinary Shares. The filing reports 4,256,243 shares held through Beverly Holding Limited and 908,708 shares held through Eascor Holding Limited.
Intercont (Cayman) Limited outlines a 2026 strategic plan that keeps its core focus on global shipping while expanding into green ro-ro vessels, Web3 and AI infrastructure. The company highlights a partnership through its Singapore subsidiary Openwindow to acquire ro-ro vessels and expand its green shipping segment.
Intercont expects to assume existing time charter contracts tied to this green fleet, with projected cumulative book revenue of about USD 110 million and cumulative net profit of about USD 88 million over the contract period on an unaudited basis. Management sees this as supporting stable cash flow and strengthening its ESG profile.
The plan also includes a proposed minority acquisition (no more than 50%) of Starks Network Ltd. from Web3 firm zCloak, aiming to combine AI identity, auditing and stablecoin payment technologies with shipping and digital finance. Intercont further intends to build AI-focused data center infrastructure, positioning Turkey as an overseas hub, to form a “Green Shipping + Web3 & AI Infrastructure” multi-sector growth model.