Latest F-1 registration statements

DeepGreenX Group Inc., a Canadian holding company, is pursuing a direct listing on Nasdaq for up to 93.7 million common shares, aiming to transition from a legacy green logistics business to an AI-driven platform for tokenizing sustainability and real-world assets, despite a history of substantial losses and a 'going concern' audit opinion.

PomDoctor Limited, a Cayman Islands holding company operating a leading online medical services platform for chronic diseases in China, is seeking to raise up to $24.9 million in an initial public offering on Nasdaq, despite its auditor expressing substantial doubt about its ability to continue as a going concern.

Smart Logistics Global Limited, a China-based contract logistics provider, is launching an initial public offering of 1,000,000 ordinary shares on the Nasdaq Capital Market, aiming to raise capital for strategic investments despite a recent revenue decline and significant regulatory and operational risks tied to its PRC operations.

GLAMOORE Capital Group Company Limited, a Hong Kong-based financial services provider, reported a net loss for the nine months ended December 31, 2024, despite a significant revenue increase, primarily driven by a surge in commission expenses related to its placing and underwriting services, as it continues its efforts to list on the Nasdaq Capital Market.

Namib Minerals, a newly public gold producer, has filed an F-1/A registration statement to facilitate the resale of up to 87.5 million ordinary shares and 7.2 million warrants by existing securityholders, while signaling substantial capital requirements for its ambitious mine restart and exploration projects in Africa.

Aura Minerals Inc. has filed an F-1/A registration statement for a public offering of 8.1 million common shares and a Nasdaq Global Select Market listing, aiming to fund strategic acquisitions and growth initiatives despite recent net losses driven by derivative gold collar adjustments.

Etoiles Capital Group Co., Ltd. filed Amendment No. 3 to its Form F-1 registration statement, primarily to include an auditor's consent and update the exhibit index, signaling progress towards its proposed public sale of securities.

Almonty Industries Inc. is pursuing a US$75 million initial public offering in the United States to advance its vertically integrated tungsten and molybdenum supply chain, focusing on defense and high-tech sectors.

KBAT Group Inc., a Cayman Islands holding company specializing in food packaging machinery, filed an F-1 registration statement for an initial public offering of 3,750,000 Class A Ordinary Shares on the Nasdaq Capital Market.

OceanPal Inc. has filed an amended registration statement for a public offering of units, each consisting of common shares or pre-funded warrants and highly dilutive Class C Warrants, aiming to raise $13.75 million in net proceeds for general corporate purposes and fleet expansion, despite reporting a substantial increase in net loss for 2024 and facing potential Nasdaq delisting risks.

Kokobots Group, a Cayman Islands company with primary operations in China, has filed for an initial public offering of 2.5 million Class A ordinary shares on Nasdaq, aiming to raise $9.3 million to fuel its expansion in intelligent robotics and IoT solutions.

DeepGreenX Group Inc. is pursuing a direct listing on Nasdaq to fund its strategic pivot from green logistics to an intelligent platform for monetizing sustainability and real-world asset data, despite a history of losses and a going concern doubt.

Steakholder Foods Ltd. has filed an amendment to its F-1 registration statement, primarily to include new exhibits related to recent and ongoing capital raising activities and to clarify corporate governance provisions regarding officer and director indemnification.

Magic Empire Global Limited is launching a best-efforts public offering of up to 15 million Class A ordinary shares at a significant discount to its market price, aiming to bolster its corporate finance advisory business despite a recent decline in revenue and increasing regulatory uncertainties in Hong Kong and China.

Uptrend Holdings Limited, a Hong Kong-based civil engineering and soil/rock transportation subcontractor, is seeking to raise up to $7.5 million in its Nasdaq Capital Market IPO, while navigating significant regulatory and political uncertainties tied to its operations in Hong Kong as a Special Administrative Region of China.

A Philippine-based waste materials and scrap metal recycling company is seeking to list its Class A Ordinary Shares on the Nasdaq Global Market through an initial public offering, aiming to expand production capabilities and global market presence.

A deep-tech food company focused on 3D-printed alternative proteins is seeking to raise up to $5 million through a public offering of American Depositary Shares and warrants, despite its latest audit report indicating substantial doubt about its ability to continue as a going concern.

Taiwan-based whisky distributor Agencia Comercial Spirits Ltd. is seeking to raise up to $10.5 million in an initial public offering on the Nasdaq Capital Market to expand its supplier network, bottling capacity, and market presence across Asia-Pacific.

Green Solar Energy Limited, an Australian solar energy solutions provider, has filed an amended F-1 registration statement for its initial public offering on Nasdaq, revealing a net loss in 2024 and a dual-class share structure that will concentrate 95.44% of voting power with existing shareholders post-offering.

Kolibri Global Energy Inc. has filed an F-10/A registration statement to allow for the flexible offering of up to US$75 million in various securities over a 25-month period.

Galiano Gold Inc. has filed a shelf prospectus to raise up to US$500 million, following recent operational disruptions at its Asanko Gold Mine and an increase in Ghana's mining levy, despite achieving 100% mineral reserve replacement and discovering a new high-grade zone.

Nasus Pharma, a clinical-stage specialty pharmaceutical company, is seeking to raise $9.3 million through an initial public offering to advance its intranasal Epinephrine program, despite significant accumulated losses and ongoing concerns about its ability to continue as a going concern.

ELC Group Holdings Ltd., a Singapore-based manpower service provider, has filed an amended F-1 registration statement for an initial public offering of 1,250,000 Class A Ordinary Shares on Nasdaq, despite experiencing significant revenue and net income declines in the latest fiscal year and interim period due to the cessation of a large cleaning service contract.

MPJS Group Limited, a Hong Kong-based jewelry retailer, is seeking to raise approximately $3.65 million through an initial public offering on the Nasdaq Capital Market, aiming to expand its retail footprint and enhance brand recognition, despite navigating complex PRC regulatory uncertainties and a competitive market.

Oriental Rise Holdings Limited, a Cayman Islands-based tea supplier operating in mainland China, reported a significant 81.85% drop in net profit for 2024, driven by falling tea prices and market oversupply, as it seeks to raise up to $10 million through a new unit offering to fund ambitious expansion plans.

Rainbow Capital Holdings Limited, a British Virgin Islands holding company operating solely through its Hong Kong-based subsidiary, is seeking to raise between US$5.5 million and US$6.325 million in an initial public offering on the Nasdaq Capital Market, while navigating significant risks related to its dual-class share structure and evolving PRC regulatory oversight.

FST Corp. has filed an amended F-1 registration statement to register the resale of up to 35.18 million ordinary shares and the issuance of 14.4 million shares upon warrant exercise, following its business combination and reporting a net loss of $3.24 million in 2024.

Phaos Technology Holdings (Cayman) Limited, a microscopy solutions provider, has filed an amended F-1 registration statement for its initial public offering, revealing an 82.7% revenue decrease and a 31.5% increase in net loss for the six months ended October 31, 2024, raising substantial doubt about its ability to continue as a going concern.

Regentis Biomaterials Ltd., an Israeli regenerative medicine company, is seeking to raise approximately $9.1 million through an initial public offering to advance its lead product candidate, GelrinC, towards FDA approval for knee cartilage repair, despite a history of operating losses and a going concern qualification.

Libera Gaming Operations, a Japanese pachinko hall operator, filed an amended F-1 registration statement for its initial public offering on Nasdaq, outlining its diversified business strategy across gaming, real estate, hospitality, and food & beverage, alongside recent financial performance and future growth plans.