Corporate ActionApr 26, 2026, 05:18 AM
GRVT Files F-1/A for IPO of 3.75M Class A Shares at $4.00-$6.00
AI Summary
GreenVector Holdings Ltd. filed an F-1/A for its initial public offering of 3,750,000 Class A Ordinary Shares, expected to be priced between $4.00 and $6.00 per share. The company, a Cayman Islands holding company operating through its Hong Kong subsidiary Laputa Eco-Construction Material Company Limited, seeks to list on Nasdaq under "GRVT". The filing highlights potential regulatory risks related to PRC laws, despite the company's Hong Kong-only operations, and risks associated with PCAOB auditor inspections. The closing of the offering is conditioned upon Nasdaq Capital Market's final approval of the listing application.
Key Highlights
- Initial Public Offering of 3,750,000 Class A Ordinary Shares.
- Expected IPO price range between $4.00 and $6.00 per share.
- Gross proceeds from offering estimated at $18,750,000 (mid-point $5.00/share).
- Net proceeds to company (before expenses) estimated at $17,437,500.
- Total cash expenses for the offering are approximately $1,448,569.
- Applied to list Class A Ordinary Shares on Nasdaq Capital Market under "GRVT".
- Underwriters have a 45-day option to purchase up to 15% additional shares.
- Company operates through Hong Kong subsidiary, with no mainland China operations or VIE.
Price Impact
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