Monitor the company's progress toward regaining NYSE American compliance by June 2027 and any sales under the ATM program, which will directly impact share price through dilution. The going concern qualification and negative equity position make this a high-risk capital raise.
Price Chart
Executive Summary
Planet Green Holdings Corp. filed a 424B5 prospectus supplement for an at-the-market (ATM) offering of up to $22.5 million of common stock through Craft Capital Management. The company is a going concern with a $175.6 million accumulated deficit, $6.1 million working capital deficit, and is not in compliance with NYSE American listing standards. The ATM program provides a potential capital source but creates significant dilution risk for existing shareholders.
Key Facts
- ATM offering of up to $22,539,922 of common stock through Craft Capital Management LLC
- Last reported stock price on October 1, 2026: $0.68 per share
- Going concern qualification from auditor in FY2025 10-K
- Accumulated deficit of approximately $175.6 million as of June 30, 2026
- Working capital deficit of approximately $6.1 million as of June 30, 2026
- Total stockholders' deficit of approximately $2.7 million as of June 30, 2026
- Not in compliance with NYSE American continued listing standards; plan period through June 8, 2027
- 14,232,714 shares outstanding; up to 45,757,081 shares if fully sold at $0.715
- Dilution of $0.32 per share to new investors at assumed offering price
- Prior ATM with Curvature Securities terminated with zero shares sold
Financial Impact
Up to $22.5 million gross proceeds from ATM offering; immediate dilution of $0.32 per share to new investors; as-adjusted net tangible book value improves from -$0.24 to $0.40 per share
Risk Factors
- Potential delisting from NYSE American if compliance not regained by June 2027
- Going concern qualification may hinder ability to raise additional financing
- ATM sales will dilute existing shareholders at current depressed prices
- PRC regulatory risks could impact operations and cash repatriation
- FINRA inquiry into trading activity adds regulatory uncertainty
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 424B5 Filing (Primary) | 0001213900-26-106502 |
| Document: 0001213900-26-106502-index-headers.html | 0001213900-26-106502 |
| Document: 0001213900-26-106502-index.html | 0001213900-26-106502 |
| Document: 0001213900-26-106502.txt | 0001213900-26-106502 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 5d ago | 8-K | $0.4590 | awaiting T+5 | — | $0.3901 (−15.01%) |
Oct 2, 2026 23d ago | 8-K | $0.7500 $0.6948 | ▲ +7.36% | ▲ +7.78% | $0.3901 (+47.99%) |
Oct 2, 2026 23d ago | 424B5 | $0.7500 $0.6948 | ▲ +7.36% | ▲ +7.78% | $0.3901 (+47.99%) |
Aug 13, 2026 10w ago | 8-K | $0.9000 $0.6845 | ▼ −23.94% | ▼ −22.58% | $0.3901 (−56.66%) |
Jul 21, 2026 13w ago | 8-K | $0.5384 $0.6861 | ▲ +27.43% | ▲ +28.66% | $0.3901 (−27.54%) |
Jul 13, 2026 14w ago | 424B5 / 8-K | $1.87 $0.5500 | ▲ +70.59% | ▲ +69.29% | $0.3901 (+79.14%) |
Jun 17, 2026 18w ago | 8-K | $1.80 $1.77 | ▼ −1.67% | ▼ −0.00% | $0.3901 (−78.33%) |
May 11, 2026 23w ago | 8-K | $1.89 $1.64 | ▲ +13.23% | ▲ +13.31% | $0.3901 (+79.36%) |
Apr 14, 2026 27w ago | EFFECT | $1.44 $1.34 | ▲ +6.94% | ▲ +8.34% | $0.3901 (+72.91%) |
Mar 17, 2026 31w ago | S-3 | $1.36 $1.75 | ▼ −28.68% | ▼ −29.39% | $0.3901 (+71.32%) |
US Market Status
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