One and One Green Technologies Inc. (NASDAQ:YDDL) has entered into a securities purchase agreement with two institutional investors for a follow-on offering, according to a company announcement.
The firm plans to issue 1,733,334 units priced at $7.50 each. Every unit includes one Class A ordinary share along with a warrant to purchase one and a half additional Class A shares. The transaction is expected to raise approximately $13 million in gross proceeds before fees and expenses.
The offering price represents a notable discount compared to the stock’s previous closing price of $13.20. Despite this, the shares have shown strong performance, delivering a 168% gain year-to-date. According to InvestingPro data, the stock tends to be highly volatile and currently carries a market capitalization of around $755 million.
Investors also have the option to purchase up to an additional $3 million worth of units under the same terms within 45 days of closing.
The company intends to use the net proceeds for working capital needs and general corporate purposes. The transaction is expected to close on or around Sunday, pending customary conditions, with FT Global Capital, Inc. acting as the exclusive placement agent.
The securities are being offered under a prospectus linked to the company’s Form F-1 registration statement (File No. 333-294587), 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 operates under a Philippine government license that allows it to import and process hazardous waste as raw materials. The company focuses on recycling non-ferrous metals and industrial inputs, converting electronic waste, scrap metals, and other materials into products such as copper alloy ingots and aluminum scrap.
In recent developments, the company has also expanded its commercial footprint. It received a major order from Japan China Trading Co., Ltd. for up to 16,000 metric tons of shredded electronic components and scrap metal, valued at roughly $17 million, marking its entry into the Japanese market. Shipments are expected to begin once export licensing requirements are met.
Additionally, One and One Green Technologies signed its first European e-waste supply agreement with Spain-based Recuperaciones Hermanos Huang S.L., involving an initial shipment of 22 metric tons of electronic waste to Manila.
The company has also launched a new business focused on recovering copper and gold from ore tailings in the Luzon region of the Philippines. This initiative will involve partnerships with small-scale mining operators to process and export these materials.
Separately, key shareholders have agreed to extend their lock-up period by three months beyond the original April 2026 expiration, reflecting continued support as the company advances its expansion strategy across Asian and European markets.