Green Circle’s Decarbonization Technology Increases Projected IPO Price

Green Circle, a Hong Kong-based company that specializes in energy-saving solutions using proprietary phase change thermal energy storage technology, increased the expected price of its initial public offering (IPO) on Monday. The company now plans to sell 2 million units at $4.13 each, up from the previous price of $4 per unit. Each unit will include a share and one warrant with an exercise price of $4.13.

With this new pricing, Green Circle anticipates net proceeds of $5.8 million. These funds will be used for expanding production, repaying debts, and working capital. Green Circle is incorporated in the Cayman Islands but operates through its Hong Kong subsidiary.

The company’s proprietary technology is known as an advanced cooling system that can be implemented in both existing and new buildings. Green Circle aims to provide sustainable solutions for reducing energy consumption and promoting environmental conservation. For more information on this IPO, you can reach out to Ben Glickman at ben.glickman@wsj.com.

By Riley Johnson

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