Decent Holding closes $1.23 million follow-on offering

Decent Holding Inc. said it closed a follow-on offering on Oct. 5, 2026, with gross proceeds of about $1.23 million before placement agent fees and other expenses.

The company said the deal covered 822,828 Class A ordinary shares, or pre-funded warrants in lieu of those shares, sold at $1.50 each in a registered direct offering. In a concurrent private placement, it also issued unregistered warrants to buy up to 822,828 Class A ordinary shares at an exercise price of $1.50 per share.

For retail traders and newer investors, the practical point is that this was a capital raise rather than an operating update. Decent Holding said it intends to use the net proceeds for working capital and general corporate purposes.

FT Global Capital, Inc. acted as the exclusive placement agent. The shares, or pre-funded warrants in lieu of shares, were sold under the company’s shelf registration statement on Form F-3, which it filed with the U.S. Securities and Exchange Commission on April 24, 2026 and which was declared effective on May 7, 2026.

Decent Holding said the unregistered warrants were issued under Section 4(a)(2) of the Securities Act of 1933 and Regulation D, and that neither the warrants nor the Class A ordinary shares underlying them have been registered under the Securities Act or applicable state securities laws. It also said they may not be offered or sold in the United States unless an effective registration statement or an available exemption applies.

Decent Holding describes itself as a provider of wastewater treatment and community-based senior health and elderly care services in China.