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Varsal Tech
VATFiledVARSAL TECH, INC. · NYSE American (proposed) · Specialty chemicals and intermediates · Report filing 2026/08/17 · SEC checked 2026-10-07
DAILY SEC UPDATES-1/A analysed from the latest filing
Varsal Tech, Inc. filed Amendment No. 3 to Form S-1 on August 17, 2026 for a proposed 3.0 million-share Class A common stock IPO at an estimated $5.00–$6.00 per share.
One-minute decisionBASIC RESEARCHSource completeness · 91%
Profitable specialty-chemical business, but revenue contraction and near-total insider voting control demand caution
Varsal filed 3.0M Class A shares at $5–$6 for NYSE American under VAT; effectiveness and the listing date remain pending.
Capital destination
$13.3M*No estimate is substituted for missing offer terms.
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/A ↗Capital destination
$13.3M*No estimate is substituted for missing offer terms.
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/A ↗BOOKRUNNERS / LEAD UNDERWRITERSRepresentative of the underwriters
PRELIMINARY- 1R.F. Lafferty & Co., Inc.——
Dilution and valuation
IPO priceAwaiting verification
Basic post-offer23.00M
Fully diluted sharesAwaiting verification
Value$126.5M
| Calculation | Shares | Value | Reference |
|---|---|---|---|
| Base post-offer | 23.00M | $126.5M | +15.0% |
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/A ↗Existing Class B holders
87.0%20.0M Class B shares remain outstanding after the base offering.
Base post-offer; no individual holder exceeds 50% · 2026/08/17
Dual-class: Class B carries 10 votes per share
One disclosed holder; not a complete ownership distribution.Check the source · S-1/A ↗Conditional lock-up timeline
Conditional lock-up timeline
Eligibility is not a sale. Release conditions, holder groups and exceptions remain separate.
Milestones and unconfirmed releases
| Holder / event | Term / date | Conditions |
|---|---|---|
| Existing-holder lock-up | +180 days 87.0% · 20.0M Class B shares | Existing-holder lock-up · Officers, directors and ≥4% holders · Not yet published — awaiting the effective or final prospectus. · 180 days after prospectus, subject to representative consent |
Basis and evidence
Existing-holder lock-up
Existing-holder lock-up · Officers, directors and ≥4% holders · Not yet published — awaiting the effective or final prospectus. · 180 days after prospectus, subject to representative consent
Lock-up / shares eligible for future sale ↗Financial quality
| Calculation | Reported value | Reference |
|---|---|---|
| FY2025 revenue | $22.930M | +57.5% |
Latest filing update
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Existing Class B holders retain about 98.5% of voting power after the base IPO.
- Potential impact
- High
- Monitor
- SEC effectiveness and NYSE approval
- Evidence
- S-1/A · 2026/08/17 ↗
DocumentS-1/A✓ Verified against the SEC source · Latest SEC amendment
Filed2026/08/172 public filings identified
Research updated2026/08/17SEC EDGAR
Evidence coverage91%Range, shares, ownership, use of proceeds and June financials filed
What remains missing9% of the evidence set remains unresolved. This may affect unconfirmed pricing, valuation, dilution or supply conclusions; no missing term is estimated.
View the filing's actual first page ＋
