Corporate ActionOct 14, 2026, 05:16 PM
Green Circle Decarbonize Files F-1 for 57.5M Share Resale
AI Summary
Green Circle Decarbonize Technology Limited has filed an F-1 registration statement with the SEC for the resale of up to 57,506,538 Class A Ordinary Shares by selling shareholders Target Capital 1, LLC and Square Gate Capital Master Fund, LLC – Series 1. The company recently underwent a one-for-six share consolidation and has an Equity Purchase Agreement with Target Capital for up to $100 million in shares. Green Circle is registered as an emerging growth company and a foreign private issuer, with its CEO holding significant voting power. The filing also addresses regulatory considerations related to operating in China and the company's auditor's compliance with PCAOB standards.
Key Highlights
- Green Circle Decarbonize Technology Ltd files F-1 registration statement for resale of up to 57,506,538 Class A Ordinary Shares.
- The offering includes shares from Target Capital 1, LLC and Square Gate Capital Master Fund, LLC – Series 1.
- Company effected a one-for-six share consolidation on October 7, 2026.
- An Equity Purchase Agreement allows for up to $100.0 million in Class A Ordinary Shares to be purchased by Target Capital.
- The company is registered as an emerging growth company and a foreign private issuer.
- The CEO, Mr. Chan Kam Biu Richard, beneficially owns approximately 94.97% of the voting power.
- The company's auditor, ZH CPA, LLC, is subject to PCAOB inspections and is not currently subject to HFCA Act determinations.