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Green Circle Decarbonize Technology Ltd logo
GCDT$0.0860.00%

Green Circle Decarbonize Technology Ltd

Sector: Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig EquipIndustry: Industrial - MachineryCountry: HKExchange: NYSE

Mkt Cap$332.5K
Float & O/S
Inst Own

DilutionScan read 32 of Green Circle Decarbonize Technology Ltd's SEC filings and found 3 warrant series, 1 convertible, 1 equity line, 3 S-1 registrations and 3 completed offerings on file for GCDT. The latest dilution event on file is a registration statement on Oct 14, 2026. Analysis updated Oct 15, 2026.

Signal8 Summary

GCDT

Reverse split, severe dilution overhang

Snapshot

This is a tiny micro-cap industrial company making thermal energy storage products. FY 2025 revenue grew 51% to $3.2M, but the company lost $1.7M, more than half of revenue, and burned $3.1M in free cash flow.

What's Happening Right Now

  • : GCDT announced plans to enter AI data center liquid cooling, but said it is only in early technical discussions with no signed contracts or customers yet.
  • : Registered 74.50M shares for sale on Form S-1.
  • : Subsidiary Boca International submitted competing tender proposals in Hong Kong for chiller replacement (HKD$7M) and an HVAC retrofit/O&M contract (HKD$60M); these are unawarded proposals, not signed contracts.
  • : GCDT completed a 1-for-6 share consolidation effective October 7, 2026, approved in August 2026, stated to support continued NYSE American listing compliance.
  • : GCDT signed a three-year strategic partnership with SANVO Fine Chemicals to mass-produce its BocaPCM-TES panels in China, aiming to lower its own capital spending.
  • : GCDT raised authorized shares from 50 million to 5 billion and created a dual-class structure giving Class B shares 50 votes each, concentrating control with insiders.
  • : Raised $2.00M in gross proceeds through a private placement (PIPE).
  • : Closed an offering. Proceeds are not disclosed in the filings reviewed.

Raise routes on file: pending S-1 + effective S-1 · latest dilution event 20 days ago

Overall Risk
Offering Ability
Overhead Supply
Historical
Cash Need

AI dilution summary

The dominant contractual driver and its mechanism, then each further driver ranked.

Latest dilution event

Oct 14, 2026 · Registration

How we read filings

Every warrant, convertible, ATM and shelf, cited to the filing

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Share count and cash history

Shares outstanding, potential dilution and cash over time

S-1 · 3

What is this?

Size, shares registered and dates with Pro

S-1 · resale registration

Issued 2026

Effective

Proposed maximum

Shares registered

Filed
Effective
Filing link and full terms

S-1 · resale registration

Issued 2026

Filed

Proposed maximum

Shares registered

Filed
Effective
Filing link and full terms

S-1 · primary and resale

Issued 2025

Completed

Proposed maximum

Shares registered

Filed
Effective
Filing link and full terms

Warrants · 3

What is this?

Exercise price, shares and dates with Pro

Warrant

Issued 2026

Outstanding

Shares Underlying

Exercise Price

Outstanding
Type
Anti-Dilution
Cashless Exercise
Expiration
Filing link and full terms

Warrant

Issued 2026

Outstanding

Shares Underlying

Exercise Price

Outstanding
Type
Anti-Dilution
Cashless Exercise
Expiration
Filing link and full terms

Warrant

Issued 2026

Outstanding

Shares Underlying

Exercise Price

Outstanding
Type
Anti-Dilution
Cashless Exercise
Expiration
Filing link and full terms

Convertibles · 1

What is this?

Principal, conversion terms and dates with Pro

Convertible

Outstanding

Principal

Conversion Price

Remaining principal
Shares on conversion
Interest rate
Maturity
Filing link and full terms

Equity line · 1

What is this?

Commitment, pricing and sold to date with Pro

Equity line

Issued 2026

Pending registration

Commitment

Sold to date

Remaining
Agreement date
Term ends
Discount
Filing link and full terms

Offerings · 3

What is this?

Proceeds, price, shares and agent with Pro

Public offering

Issued 2026

Gross proceeds

Price per share

Shares issued
Warrant coverage
Placement agent
Filing link and full terms

PIPE

Issued 2026

Gross proceeds

Price per share

Shares issued
Warrant coverage
Placement agent
Filing link and full terms

Offering

Issued 2026

Gross proceeds

Price per share

Shares issued
Warrant coverage
Placement agent
Filing link and full terms

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Exercise prices, conversion terms, shelf headroom and the filing sentence behind every number.

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