The selling shareholder can now immediately begin selling into the market. Monitor daily volume and price action for signs of distribution. The massive share count overhang (~447M shares) relative to the $0.38 closing price suggests sustained selling pressure. Watch for any subsequent 8-K or prospectus supplement disclosing actual sales.
Price Chart
Executive Summary
The SEC declared effective the F-1 registration statement (File No. 333-299036) for Green Circle Decarbonize Technology Ltd on October 5, 2026. This effectiveness allows the selling shareholder to resell up to 182,016,746 Class A ordinary shares underlying a convertible note and up to 264,987,889 Class A ordinary shares underlying warrants from a July 2026 private placement. The company will not receive proceeds from the resale, but the registration removes a key overhang and enables the selling shareholder to monetize positions, creating significant potential dilution for existing common shareholders.
Key Facts
- Effectiveness date: October 5, 2026, for F-1 registration statement File No. 333-299036.
- Registration covers resale of up to 182,016,746 Class A ordinary shares (Note Shares) upon conversion of an unsecured 20% OID convertible promissory note from July 2026 private placement.
- Registration also covers resale of up to 264,987,889 Class A ordinary shares (Common Warrant Shares) upon exercise of warrants from the same July 2026 private placement.
- Total potential dilution: up to 446,999,635 Class A ordinary shares (Note Shares + Common Warrant Shares).
- Company receives no proceeds from the resale; only receives proceeds if warrants are exercised for cash.
- Closing price on September 18, 2026, was $0.38 per share.
- The company is a Cayman Islands holding company with operations through a Hong Kong subsidiary and a third-party manufacturer in Mainland China.
Financial Impact
Up to 446,999,635 Class A ordinary shares eligible for resale, representing massive potential dilution relative to current float. At $0.38/share, the combined notional value is approximately $169.9 million.
Risk Factors
- Massive dilution risk: up to 447M new shares could enter the market, potentially overwhelming demand.
- Selling shareholder may sell aggressively, depressing the stock price.
- No company proceeds from resale — no offsetting capital infusion.
- Cayman Islands holding company structure with China-related operational risks adds regulatory uncertainty.
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| EFFECT Filing (Primary) | 9999999995-26-003154 |
| Document: 9999999995-26-003154-index.html | 9999999995-26-003154 |
| Document: 9999999995-26-003154.txt | 9999999995-26-003154 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | SC 13G | $0.1411 | awaiting T+1 | — | $0.1760 (+24.73%) |
Oct 26, 2026 today | 6-K | $0.1453 | awaiting T+1 | — | $0.1760 (+21.13%) |
Oct 21, 2026 5d ago | 6-K | $0.1785 $0.1840 | ▲ +3.08% | ▲ +4.26% | $0.1760 (−1.40%) |
Oct 15, 2026 11d ago | 6-K | $0.3300 $0.2700 | ▲ +18.18% | ▲ +17.08% | $0.1760 (+46.67%) |
Oct 15, 2026 11d ago | 6-K | $0.3300 $0.2700 | ▼ −18.18% | ▼ −17.08% | $0.1760 (−46.67%) |
Oct 14, 2026 12d ago | F-1 | $0.3300 $0.2700 | ▲ +18.18% | ▲ +17.08% | $0.1760 (+46.67%) |
Oct 6, 2026 20d ago | 6-K | $0.2350 $0.1212 | ▼ −48.44% | ▼ −48.20% | $0.1760 (−25.11%) |
Oct 6, 2026 20d ago | EFFECT | $0.2350 $0.1212 | ▲ +48.44% | ▲ +48.20% | $0.1760 (+25.11%) |
Sep 30, 2026 26d ago | 6-K | $3.10 $2.68 | ▼ −13.54% | ▼ −13.72% | $0.1760 (−94.33%) |
Sep 30, 2026 26d ago | Press Release | $0.5170 $0.4465 | ▼ −13.64% | ▼ −13.81% | $0.1760 (−65.96%) |
US Market Status
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