Neucleus Group Ltd (NEUC) IPO filing analysis

One-minute decisionBASIC RESEARCHSource completeness · 88%

IPO research

Neucleus Group Ltd is proposing a 4.5 million-share Nasdaq IPO at $4–$5 per share, but listing approval and effectiveness remain pending. The offering carries substantial control, dilution, execution and Malaysia-related risks.

Neucleus Group Ltd filed Amendment No. 2 to its F-1 on July 15, 2026 for a proposed 4.5 million-share IPO at an estimated $4–$5 per share.

Where does the money go?Awaiting verificationF-1/A · 2026-07-15

Ownership and votingAwaiting verified holder data— economic · — voting

Next disclosed checkpointEffectiveness of the registration statement, pricing and Nasdaq’s final listing decision; timing is unavailable.F-1/A · 2026-07-15

Capital destination

Awaiting verification

F-1/A · 2026-07-15

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 ↗

Next checkEffectiveness of the registration statement, pricing and Nasdaq’s final listing decision; timing is unavailable.

Latest filing2026-07-15

Capital destination

Awaiting verification

F-1/A · 2026-07-15

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 ↗

BOOKRUNNERS / LEAD UNDERWRITERSBookrunners / lead underwriters

NOT YET DISCLOSED

Names 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 · F-1/A ↗

Holder data awaits verification

NEUCLEUS DAMI SDN. BHD. is expected to own 14 million shares, including 3 million Class B shares, after the offering. It is owned 40% by CEO Tan Wei Shang and 60% by CFO Khor Sher Waen. The issuer will be a controlled company. · 2026-07-15

NEUCLEUS DAMI SDN. BHD. is expected to own 14 million shares, including 3 million Class B shares, after the offering. It is owned 40% by CEO Tan Wei Shang and 60% by CFO Khor Sher Waen. The issuer will be a controlled company.

One disclosed holder; not a complete ownership distribution.Check the source · F-1/A ↗

Conditional lock-up timeline

Status	Reference
Awaiting verification	Source ↗

Financial quality and runway

Status	Reference
Awaiting verification	Source ↗

Latest filing update

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SEC filing history

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Risk 1

Nasdaq may not approve the listing, and investors may lose all or part of their investment.

Potential impact: Awaiting verification
Monitor: Effectiveness of the registration statement, pricing and Nasdaq’s final listing decision; timing is unavailable.
Evidence: Risk Factors ↗

SEC EDGAR

F-1/A

2026-07-15

Open SEC filing ↗