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

About this update from Green Circle Decarbonize Technology Limited

[{"type":"image","alt":"Green Circle Decarbonize Technology Limited","displaySize":"","headline":null,"caption":"Green Circle Decarbonize Technology Limited","className":"","disableSlideshowImg":false,"size":{"original":{"width":268,"height":300,"url":"https://media.zenfs.com/en/globenewswire.com/56543c9a5d0e96b4f0d01a33ce78e272"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/T5hAHx9TM19tSBtFRPW2qQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTQ3MDtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/56543c9a5d0e96b4f0d01a33ce78e272","width":268,"height":300}},"lazy":false},{"type":"text","content":"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.","length":1004,"tagName":"p"},{"type":"text","content":"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.","length":376,"tagName":"p"},{"type":"text","content":"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...

More updates from Green Circle Decarbonize Technology Limited