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SAN RAFAEL, BULACAN, PHILIPPINES - One and One Green Technologies Inc. (NASDAQ:YDDL) entered into a securities purchase agreement with two institutional investors for a follow-on offering, according to a press release statement issued today.
The company will sell 1,733,334 units at $7.50 per unit, with each unit consisting of one Class A ordinary share and one warrant to purchase one and a half Class A ordinary shares. The offering is expected to generate gross proceeds of $13 million before deducting placement agent fees and other expenses.The offering price represents a significant discount to the stock’s previous close of $13.20, though the shares have demonstrated strong momentum with a 168% return year-to-date. According to InvestingPro data, the stock generally trades with high price volatility, with the company maintaining a market cap of $755 million.
The investors have the option to purchase an additional $3 million of units on the same terms within 45 days following the closing. The company plans to use the net proceeds for working capital and general corporate purposes.
The closing is expected to occur on or about Sunday, subject to customary closing conditions. FT Global Capital, Inc. is serving as the exclusive placement agent for the offering.
The securities are being offered through a prospectus that is part of the company’s registration statement on Form F-1 (File No. 333-294587), which was filed with the U.S. Securities and Exchange Commission on March 25, 2026, and declared effective on March 27, 2026.
One and One Green Technologies holds a government-issued license in the Philippines to import and process hazardous waste as raw materials. The company recycles non-ferrous metals and industrial materials, transforming electronic waste, scrap metal, and other raw materials into products including copper alloy ingots and aluminum scraps.For deeper analysis, YDDL is among the 1,400+ US equities covered by comprehensive Pro Research Reports available on InvestingPro.
In other recent news, One and One Green Technologies Inc. has announced several notable developments. The company has received a significant purchase order from Japan China Trading Co., Ltd. for up to 16,000 metric tons of shredded electronic assemblies and scrap metal, valued at approximately $17 million. This marks One and One Green Technologies’ entry into the Japanese market, with shipments expected to begin after fulfilling export licensing requirements. Additionally, the company has secured its first European e-waste supply agreement with Recuperaciones Hermanos Huang S.L. from Spain, involving an initial shipment of 22 metric tons of electronic waste to Manila.
Furthermore, One and One Green Technologies has launched a new copper-gold ore tailings slag recovery business venture in the Luzon region of the Philippines. The company plans to partner with small-scale mining companies to process and export these materials. In related news, key shareholders have agreed to extend their lock-up period by three months beyond the original expiration date of April 2026. These developments reflect the company’s strategic expansion efforts in both the Asian and European markets.
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