Green Circle Raises $10 Million in US Market Debut to Fund Decarbonization Strategy
Hong Kong, Tuesday, 13 January 2026.
Green Circle Decarbonize Technology (GCDT) has officially priced its initial public offering at $4.00 per share, securing $10 million in gross proceeds. Trading commences today, January 13, 2026, on the NYSE American, marking the Hong Kong-based firm’s strategic expansion into U.S. capital markets. The company intends to utilize these funds to scale its thermal energy storage capabilities through new factory construction and machinery acquisition, positioning itself to capitalize on the rising demand for efficient energy-saving solutions.
Offering Mechanics and Underwriting Details
The initial public offering comprises 2,500,000 ordinary shares priced at the public offering price of $4.00 per share [1][2]. While the gross proceeds are set at $10 million, the underwriters have been granted a 45-day option to purchase up to an additional 375,000 shares to cover over-allotments, if any [1][5]. The offering is scheduled to close tomorrow, January 14, 2026, subject to the satisfaction of customary closing conditions [1][2]. RBW Capital Partners LLC is acting as the representative of the underwriters for the offering, with Revere Securities LLC serving as the co-manager [2]. The U.S. Securities and Exchange Commission declared the Company’s registration statement on Form F-1 effective on December 30, 2025, clearing the regulatory path for today’s listing [2].
Operational Structure and Technology Focus
Green Circle operates as a holding company incorporated in the Cayman Islands, conducting its primary business through its Hong Kong-based subsidiary, Boca International Limited [1][5]. Established in 1992, the firm has spent decades developing proprietary technologies in the energy sector [3]. The company specializes in providing energy-saving solutions driven by phase change thermal energy storage materials and thermal engineering services [1][3]. These technologies are designed to address heating and cooling inefficiencies, a critical component of the broader global push toward decarbonization. By securing capital through the NYSE American exchange under the ticker symbol “GCDT,” Green Circle aims to expand its manufacturing footprint and pay down existing debt to accelerate the deployment of its thermal storage systems [2][5].