One and One Green Technologies Sells 1,733,334 Units at $7.50 Each
One and one Green Technologies announced that it has entered into a securities purchase agreement with two institutional investors for the sale of 1,733,334 units in a follow-on offering of its securities at a purchase price of $7.50 per Unit, each unit consisting of one Class A ordinary share and one warrant to purchase one and a half Class A Ordinary Shares. The gross proceeds from the offering are expected to be $13M, before deducting placement agent fees and other offering expenses. In addition, the investors have the right, for a period of 45 days following the closing, to purchase an additional $3M of Units on the same terms and conditions. The company intends to use the net proceeds from the offering for working capital and general corporate purposes. The closing of the offering is expected to occur on or about April 13, subject to the satisfaction of customary closing conditions. FT Global Capital is acting as the exclusive placement agent for the offering.
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- Government Support for Recycling: One and One Green Technologies presented its recycling operations and expansion plans at the Provincial Solid Waste Management Board's Q2 2026 meeting, attended by approximately 60 environmental officials, receiving positive feedback that underscores the company's regulatory standing and operational quality in the Philippines.
- Increased Collaboration Opportunities: Following the meeting, multiple city governments expressed interest in holding follow-up discussions with One and One, establishing direct communication channels between government and enterprise, which will aid the company's domestic market expansion and further promote its resource circulation initiatives.
- Contract Negotiation Progress: One and One is actively negotiating with enterprises in designated Philippine economic zones, with several partnerships nearing contract finalization, and government support is expected to expedite the realization of these collaborations.
- Strategic Expansion Plans: CEO Tina Yan noted that the invitation to present validates the company's decade-long efforts in the Philippines, and it plans to continue expanding its operational footprint across various provinces and economic zones to meet the growing demand for sustainable resource management.
- Increased Shareholder Confidence: Shareholders owning 67.7% of the company voluntarily extend the lock-up period for six months, reflecting confidence in the company's long-term growth strategy, with the new period running from July 9, 2026, to January 9, 2027.
- Lock-Up Details: Approximately 31 million Class A ordinary shares are involved, with participating shareholders agreeing not to sell, transfer, or otherwise dispose of their shares during this period, further solidifying alignment with the company's long-term objectives.
- Optimistic Business Outlook: The CEO stated that this voluntary commitment showcases shareholders' confidence in future growth opportunities, particularly as the company expands its recycling capabilities and advances new resource recovery initiatives.
- Clear Market Positioning: One and One Green Technologies holds a government-issued license for hazardous waste import and recycling in the Philippines, focusing on transforming electronic waste and scrap metals into high-value products, thereby addressing the growing demand for sustainable resource management.
- Laboratory Construction Progress: One and One Green Technologies has substantially completed the construction of its chemical testing laboratory in the Philippines, with full operations targeted before the end of May 2026, aimed at enhancing the company's integrated processing and testing capabilities in the hazardous waste recycling sector, thereby strengthening its market competitiveness.
- Enhanced Quality Control: The new laboratory will provide independent internal quality control capabilities, covering raw material inspection, in-process monitoring, and finished product verification, ensuring product quality in projects like copper-gold mine tailings and electronic sludge, meeting global customers' demands for traceability.
- Equipment Installation and Commissioning: Laboratory equipment was delivered in late April 2026, and installation and commissioning are progressing on schedule, expected to enhance production stability and product qualification ratings, supporting closed-loop operations across the company's circular economy platform.
- Strategic Investment Decision: The company's choice to build its own laboratory instead of relying on third-party testing services emphasizes the central role of quality control in product integrity, which is expected to provide a competitive advantage for sustainable expansion in the Philippine market.
- Production Line Progress: One and One Green Technologies has signed a contract for smelting equipment in Metro Manila, Philippines, with commercial production expected in the second half of 2026, marking a significant step in the company's strategic entry into the e-waste recycling market.
- Enhanced Metal Recovery: The new production line will focus on extracting high-value metals such as copper, gold, and silver from industrial hazardous waste, which is expected to significantly increase the company's metal recovery capabilities, diversify revenue sources, and enhance market competitiveness.
- Vertical Integration Strategy: This production line will serve as the core of the company's vertically integrated recycling platform, combining hazardous waste handling qualifications and raw material procurement channels to create a comprehensive procurement-processing-testing-export model that improves overall operational efficiency.
- Global Demand Opportunity: With rising global demand for responsibly sourced copper, gold, and silver, the company is poised to capitalize on this market opportunity while addressing the critical need for compliant management of industrial hazardous waste, thereby promoting sustainable resource management.
- Significant Revenue Growth: One & One reported total revenue of $65.8 million in FY25, reflecting a 23% year-over-year increase, indicating strong sustained demand in the Asia-Pacific market that has driven overall performance.
- Doubled Net Income: The company's net income nearly doubled to $11.8 million, showcasing a significant enhancement in profitability from its core operations, while management's plans for international expansion are expected to further drive future growth.
- Strong Copper Alloy Performance: Revenue from the core copper alloy ingot business surged 37% year-over-year to $45.1 million, demonstrating the company's effective response to market demands and its competitive edge in securing raw materials at favorable prices.
- Debt-Free Status: The company announced it is completely debt-free, a financial health status that provides a solid foundation for future investments and expansions, particularly in light of plans to establish a lithium battery recycling facility.
- Earnings Beat: One and One Green Technologies reported a fiscal year GAAP EPS of $0.23, exceeding expectations by $0.03, indicating the company's stable profitability and growth potential.
- Revenue Miss: Despite a year-over-year revenue increase of 23.0% to $65.8 million, the figure fell short of market expectations by $26 million, highlighting challenges from intensified market competition and demand fluctuations.
- Share Offering Announcement: The company plans a $13 million share offering aimed at enhancing liquidity and supporting future expansion strategies, which may have a short-term impact on shareholder equity.
- Historical Financial Review: Analyzing historical financial data allows investors to better understand the company's performance trends over the past several years, providing a basis for future investment decisions.








