
KBAT Group Inc.
KBATFiledKBAT Group Inc. · Nasdaq Capital Market · latest filing 2026-10-15
KBAT remains a preliminary, Nasdaq-contingent IPO with concentrated voting control and China regulatory exposure.
As of the October 15, 2026 F-1/A, KBAT proposed 6.25 million Class A shares at $4.00–$5.00 per share, subject to effectiveness and Nasdaq approval.
Capital destination
Awaiting verificationF-1/A · 2026-10-15
Share-type percentages are not net-proceeds percentages. Amounts retain their stated gross/net basis; do not add unlike bases.
Check the source · F-1/A ↗Capital destination
Awaiting verificationF-1/A · 2026-10-15
Share-type percentages are not net-proceeds percentages. Amounts retain their stated gross/net basis; do not add unlike bases.
Check the source · F-1/A ↗Names not yet published
Dilution and valuation
| Calculation | Shares | Value | Reference |
|---|---|---|---|
| Post-offer shares | 23,750,000 | — | No over-allotment · Cover and opening disclosure |
Basic-price scenario
A verified single offer price and basic post-offer share count are required. This is a data gap, not a paid lock.
Check the source · F-1/A ↗Holder data awaits verification
Immediately before the offering, 5,031,250 Class A and 12,468,750 Class B shares are outstanding. Jinliang Wang is disclosed as owning all Class B shares, producing 58.68% economic share capital and 91.70% voting power after the base offering. · 2026-10-15
Immediately before the offering, 5,031,250 Class A and 12,468,750 Class B shares are outstanding. Jinliang Wang is disclosed as owning all Class B shares, producing 58.68% economic share capital and 91.70% voting power after the base offering.
One disclosed holder; not a complete ownership distribution.Check the source · F-1/A ↗Conditional lock-up timeline
Awaiting verificationFinancial quality and runway
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SEC filing history
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Investors buy Cayman holding-company shares rather than equity in the operating PRC subsidiaries.
- Evidence
- Cover and opening disclosure ↗