Hong Kong, January 14, 2026 — Green Circle Decarbonize Technology Limited (the “Company” or “Green Circle”) (NYSE: GCDT) is a Cayman Islands-based holding company that develops and manufactures Phase Change Material (PCM-TES) storage systems, designing and applying them to cooling and heating systems via its Hong Kong subsidiary, Boca International Limited. Today, the Company announced the completion of its initial public offering (the “Offering”), which included 2,500,000 ordinary shares (“Shares”) priced at $4.00 per Share to the public. Before deducting underwriting discounts, commissions, and estimated offering expenses payable by the Company, the gross proceeds from the Offering amount to approximately $10,000,000. Additionally, the Company has granted underwriters a 45-day option to purchase up to 375,000 additional Shares at the public offering price, minus underwriting discounts.
On January 13, 2026, the Company filed a final prospectus related to the offering with the Securities and Exchange Commission. This document outlines, among other details, the number and terms of the securities sold in the offering.
The Company plans to use the net proceeds from the Offering for the following purposes: (i) constructing a factory to expand production capacity; (ii) acquiring necessary production machinery; (iii) repaying certain debts and borrowings; and (iv) covering general working capital needs.
RBW Capital Partners LLC—whose securities and brokerage services are offered through Dawson James Securities, Inc.—acted as the representative underwriter for the Offering, with Revere Securities LLC serving as co-manager. Nauth LPC provided legal counsel to the Company, while Manatt, Phelps & Phillips, LLP acted as counsel to the underwriters in connection with the Offering.
Before investing, you should review the prospectus and other documents the Company has filed or will file with the SEC to obtain more comprehensive information about the Company and the Offering. This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the Company’s securities. Furthermore, such securities may not be offered or sold in the United States without registration or an applicable exemption from registration. Additionally, no offer, solicitation, or sale of the Company’s securities shall occur in any state or jurisdiction where such activities would be unlawful prior to registration or qualification under the securities laws of that state or jurisdiction. All offers, solicitations, purchase requests, or sales of securities will comply 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 provides 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, including but not limited to those regarding 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 impact its financial condition, operational results, business strategy, and financial needs—including the expectation that the Offering will be successfully completed. Investors can identify many (though not all) of these statements by terms like “aim”, “anticipate”, “believe”, “estimate”, “expect”, “going forward”, “intend”, “may”, “plan”, “potential”, “predict”, “propose”, “seek”, “should”, “will”, “would”, or similar expressions in this press release. The Company has no obligation to publicly update or revise any forward-looking statements to reflect subsequent events or circumstances, or changes in expectations, except as required by law. While the Company believes the expectations expressed in these forward-looking statements are reasonable, it cannot guarantee they will be realized. The Company cautions investors that actual results may differ materially from anticipated results and encourages them to review other factors affecting future results in the Company’s registration statement and other SEC filings.
For more information, please contact:
Green Circle Decarbonize Technology Limited
Investor Relations Department
Email:
