Green Circle Decarbonize Technology Limited Announces Closing of the Underwriter's Over-Allotment Option in Connection with its Initial Public Offering
MWN-AI** Summary
Green Circle Decarbonize Technology Limited (NYSE: GCDT), a Cayman Islands holding company specializing in Phase Change Material (PCM-TES) storage systems, has successfully closed the sale of an additional 375,000 ordinary shares through the full exercise of the underwriter’s over-allotment option linked to its recent initial public offering (IPO). This announcement, made on February 12, 2026, indicates that Green Circle has raised total gross proceeds of $11.5 million, which includes $10 million from the original IPO, priced at $4.00 per share before underwriting discounts.
The offering, which is part of Green Circle’s financial strategy to support its innovative energy-saving solutions and thermal energy storage technology, was underwritten by RBW Capital Partners LLC, with Revere Securities LLC acting as co-manager. Legal counsel for Green Circle was provided by Nauth LPC, while Manatt, Phelps & Phillips, LLP represented RBW.
The registration statement for the offering was declared effective by the U.S. Securities and Exchange Commission (SEC) on December 30, 2025. Prospective investors are encouraged to review the final prospectus and other filings to gain comprehensive insights into the company and the offering.
Green Circle focuses on developing energy-efficient technologies through its Hong Kong subsidiary, Boca International Limited, and aims to address pressing environmental challenges. Forward-looking statements made by the company highlight its ambitions and expectations but also acknowledge the inherent risks and uncertainties in achieving these goals.
This successful closing of the underwriter’s over-allotment option not only strengthens Green Circle's financial position but also reinforces its commitment to promoting sustainable energy solutions in the global market. For further inquiries, investors can reach out via the investor relations department at the specified contact.
MWN-AI** Analysis
Green Circle Decarbonize Technology Limited (NYSE: GCDT) has recently concluded its underwriter's over-allotment option, resulting in total proceeds of approximately $11.5 million from its initial public offering (IPO). The decision to fully exercise the over-allotment indicates strong investor confidence and interest in the company's innovative Phase Change Material (PCM-TES) technology aimed at enhancing energy efficiency in cooling and heating systems.
As an investor looking at GCDT, it is crucial to weigh the company’s growth potential against the inherent risks tied to its emerging technology and market segment. The increasing global emphasis on sustainability and energy conservation aligns well with GCDT's offerings, positioning the company in a robust market trend toward decarbonization. Phase change materials are becoming more relevant as industries and governments pursue net-zero emissions, potentially providing GCDT with a distinctive competitive edge.
However, despite this promising outlook, investors should remain mindful of the volatility often associated with newly public companies. The initial enthusiasm around the IPO could lead to significant price fluctuations in the short term. It's advisable to consider entering a position gradually rather than committing a large sum upfront, allowing time to assess the company's performance post-IPO.
Additionally, review GCDT’s filings with the SEC for comprehensive insights into its financial health, operational strategy, and market dynamics. This information will be vital in evaluating the sustainability of its business model and future growth trajectory.
In summary, while GCDT presents an appealing investment opportunity due to its alignment with sustainable technologies, a cautious approach is recommended, focusing on long-term potential while being wary of the market's short-term volatility.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
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: [email protected]
FAQ**
What specific advancements in Phase Change Material technology does Green Circle Decarbonize Technology Limited (GCDT) plan to commercialize through its Hong Kong subsidiary to enhance its energy saving solutions?
How does Green Circle Decarbonize Technology Limited (GCDT) plan to allocate the $11.5 million raised from the recent Offering to support its growth strategies and operational expansion in the sustainable energy sector?
What measures does Green Circle Decarbonize Technology Limited (GCDT) have in place to mitigate the risks associated with the forward-looking statements made in their IPO announcement, considering the competitive landscape of decarbonization technology?
Can you elaborate on the role RBW Capital Partners LLC plays in the IPO process for Green Circle Decarbonize Technology Limited (GCDT), and how their involvement benefits the Company's financial stability and investor trust?
**MWN-AI FAQ is based on asking OpenAI questions about Green Circle Decarbonize Technology Limited (NYSE: GCDT).
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