GenFlat completes $7 million public offering of common stock

GenFlat Holdings, Inc. (OTCQB: GFLT) completed its underwritten public offering of 2,333,333 shares of common stock at $3.00 per share, generating approximately $7 million in gross proceeds before expenses and underwriting fees.

The Tooele, Utah-based company develops collapsible marine shipping containers and plans to use the net proceeds for working capital and general business purposes. This includes repaying approximately $550,000 in short-term working capital loans.

Craig-Hallum served as the sole underwriter for the offering. The shares were sold under the company's Form S-1 registration statement, which the Securities and Exchange Commission declared effective on January 30, 2026.

GenFlat manufactures containers that collapse when empty and can be stacked in bundles of four, occupying the same space as one standard marine container. The company operates as a container sales and leasing business, primarily serving shipping line customers through various lease arrangements.

You May Also Be Interested In

• Nebius Group closes $5.75B convertible notes offering
• Real Remax Group authorizes up to $450M share repurchase program
• Adia Med hires law firm for planned Nasdaq uplisting