One and One Green Technologies Completes Initial Public Offering
One and One Green Technologies, INC (NASDAQ:YDDL), a company dedicated to recycling waste materials and scrap metal, has recently announced the successful closing of its initial public offering (IPO). This significant milestone allows the company to better execute its mission of creating environmentally responsible recycling solutions.
Details of the Initial Public Offering
The IPO consisted of 2,000,000 Class A ordinary shares, offered to the public at $5.00 per share. Subsequently, the company received aggregate gross proceeds of approximately $10,000,000 before deducting any underwriting discounts and additional expenses related to the offering.
Over-allotment Option
In a strategic move, One and One Green Technologies has granted underwriters a 30-day option to purchase up to an additional 300,000 Class A Ordinary Shares. This over-allotment option allows for additional funding, which, if fully exercised, may bring total gross proceeds to about $11.5 million.
Role of Underwriters in the Offering
The initial public offering was conducted on a firm commitment basis, with Cathay Securities, Inc. serving as the sole underwriter. To support this process, Ortoli Rosenstadt LLP acted as U.S. securities counsel to One and One, while Hunter Taubman Fischer & Li LLC provided counsel to the underwriters.
Regulatory Compliance
In accordance with regulatory practices, a registration statement was filed with the U.S. Securities and Exchange Commission (SEC) and was declared effective on September 29, 2025. The offering materials, including the prospectus, are accessible to investors through official channels.
Company Overview
Established in the Philippines, One and One Green Technologies operates through its subsidiaries, Yoda Metal and Craft Trading and Services Corp. and DL Metal Corporation. The company's business focus is on recycling, producing, and trading scrap metals.
Processing Capabilities and Environmental Commitment
With a licensed capacity to process approximately 300,000 tons of hazardous waste annually, One and One ensures compliance with stringent environmental regulations. Their cutting-edge technologies allow for effective recycling, thus contributing positively to environmental sustainability.
Future Plans and Expansion
Looking ahead, One and One plans to expand its sourcing operations, targeting materials from Japan and South Korea. The company aims to increase its presence across Southeast Asia and establish itself in new international markets.
Contact Information
For more inquiries, investors and interested parties can reach out through the Investor Relations contact, Matthew Abenante at Strategic Investor Relations, LLC. He can be contacted directly at 347-947-2093 or via email.
Frequently Asked Questions
What is One and One Green Technologies, INC?
One and One Green Technologies is a recycling company focused on waste materials and scrap metals in the Philippines.
What was the initial public offering price?
The initial public offering price was set at $5.00 per Class A share.
How much total gross proceeds did the IPO raise?
The IPO raised approximately $10 million, with a potential to increase to $11.5 million if the over-allotment option is fully exercised.
Who acted as the underwriter for this offering?
Cathay Securities, Inc. was the sole underwriter for the IPO.
What are the company's future expansion plans?
One and One intends to broaden its sourcing of raw materials and expand its market reach across Southeast Asia and internationally.
