One and One Green Technologies Launches $13M Offering at $7.50 per Unit
One and One Green Technologies agreed to sell 1,733,334 units in a follow-on offering at $7.50 per unit for gross proceeds of $13 million, with a 45-day option to sell additional $3 million. The offering closes on April 13, 2026, with net proceeds earmarked for working capital and corporate purposes.
1. Offering Details
One and One Green Technologies has entered into a purchase agreement to sell 1,733,334 units at $7.50 per unit, each unit comprising one Class A Ordinary Share and one warrant exercisable for 1.5 shares, generating gross proceeds of $13 million with a 45-day option to sell $3 million more on the same terms. FT Global Capital is acting as the exclusive placement agent for the offering.
2. Purpose and Closing
The closing of the follow-on offering is expected to occur on or about April 13, 2026, subject to customary closing conditions. Net proceeds will be used for working capital and corporate purposes to support ongoing operations and strategic initiatives.
3. Recycling Business
The company holds a Philippine government license to import and process hazardous waste and non-ferrous metals, transforming electronic waste and scrap into copper alloy ingots and aluminum products. With significant annual capacity and advanced processing capabilities, One and One serves domestic and international industrial clients with cost-effective, environmentally responsible recycling solutions.