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Dear Industrial Gas Inc
KFDEFiledDear Industrial Gas Inc · Nasdaq Capital Market · latest filing 2026-07-02
One-minute decisionBASIC RESEARCHSource completeness · 52%
IPO research
Dear Industrial Gas is an April 2026 development-stage issuer whose S-1 is materially incomplete. The filing proposes five million shares at a fixed $5 price, but financial statements and most financial amounts are blank, use-of-proceeds percentages are placeholders, underwriting economics and allocation are absent, and multiple disclosures are internally inconsistent. This is not yet a decision-ready IPO prospectus.
The S-1 filed July 2, 2026 (preliminary prospectus dated June 30) states a 5,000,000-share primary offering at a fixed $5.00 price and a Nasdaq KFDE application, but effectiveness, Nasdaq approval and offering completion are not established.
Capital destination
Awaiting verificationS-1 · 2026-07-02
Share-type percentages are not net-proceeds percentages. Amounts retain their stated gross/net basis; do not add unlike bases.
Check the source · S-1 ↗Capital destination
Awaiting verificationS-1 · 2026-07-02
Share-type percentages are not net-proceeds percentages. Amounts retain their stated gross/net basis; do not add unlike bases.
Check the source · S-1 ↗BOOKRUNNERS / LEAD UNDERWRITERSBookrunners / lead underwriters
NOT YET DISCLOSEDNames not yet published
Fully diluted valuation bridge
| Status | Reference |
|---|---|
| Awaiting verification | Source ↗ |
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 · S-1 ↗Holder data awaits verification
Founders Hai Xia and He Baotang each own nine million shares and together would retain 72% after the base offering, preserving decisive control. · 2026-07-02
Founders Hai Xia and He Baotang each own nine million shares and together would retain 72% after the base offering, preserving decisive control.
One disclosed holder; not a complete ownership distribution.Check the source · S-1 ↗Conditional lock-up timeline
| Status | Reference |
|---|---|
| Awaiting verification | Source ↗ |
Financial quality and runway
| Status | Reference |
|---|---|
| Awaiting verification | Source ↗ |
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The company was formed only in April 2026, says it has not generated substantial revenue, and expects operating losses during startup.
- Potential impact
- Awaiting verification
- Monitor
- A substantive S-1 amendment supplying audited financial statements, completed dilution/use-of-proceeds tables, executed underwriting terms and a coherent Nasdaq listing disclosure.