Decent Holding closes $1.23 million follow-on offering

• Gross proceeds were about $1.23 million before fees and expenses.
• The deal included 822,828 Class A ordinary shares or pre-funded warrants and concurrent warrants.
• FT Global Capital acted as exclusive placement agent.

Decent Holding Inc. said it closed its previously announced follow-on offering on Oct. 5, 2026. Gross proceeds were about $1.23 million before placement agent fees and other offering expenses.

Decent Holding closes $1.23 million follow-on offering

The company sold 822,828 Class A ordinary shares, or pre-funded warrants in lieu of those shares, at $1.50 each in a registered direct offering. It also issued concurrent private-placement warrants to buy up to 822,828 Class A ordinary shares at $1.50 a share.

FT Global Capital, Inc. acted as exclusive placement agent. Decent said it intends to use the net proceeds for working capital and general corporate purposes.

Offering terms

The securities were offered under the company’s shelf registration statement on Form F-3, which it filed with the SEC on April 24, 2026 and that became effective on May 7, 2026.

The warrants and the Class A ordinary shares underlying them were issued in a concurrent private placement under Section 4(a)(2) of the Securities Act and Regulation D. The company said they have not been registered under the Securities Act or applicable state securities laws.

Decent said the securities may not be offered or sold in the United States unless an effective registration statement or an applicable exemption applies.