GATES GROUP Inc. filed a Form F-1 registration statement for an initial public offering on 2024-12-02. It has amended it 6 times. As of its latest filing, on 2025-07-23, it has not priced the offering or withdrawn it. Each fact below is quoted from the filing named with it.
What the filings say
Listing
We intend to apply to list our common shares on the Nasdaq Capital Market under the symbol “GTSG . ” We expect our common shares to begin trading on Nasdaq on or about ________, 2025.From the F-1/A filed 2025-07-23
Use of proceeds
We intend to use the net proceeds from this offering to fund mergers and acquisitions of other businesses, development of the auction platform for condominiums and pre-owned solar power generation facilities, general corporate purposes, such as funds to purchase condominiums, and working capital.From the F-1/A filed 2025-06-02
Revenue
For the years ended December 31, 2024 and 2023, the Company reported revenues of US$144,546,158 and US$108,703,609, respectively, net income of US$237,415 and net loss of US$35,622, respectively, and had net cash used in operating activities of US$422,476 and US$1,992,181, respectively.From the F-1/A filed 2025-07-23
Net loss or income
For the years ended December 31, 2024 and 2023, the Company reported revenues of US$144,546,158 and US$108,703,609, respectively, net income of US$237,415 and net loss of US$35,622, respectively, and had net cash used in operating activities of US$422,476 and US$1,992,181, respectively.From the F-1/A filed 2025-07-23
Timeline
| Filed | What it is | Filing |
|---|---|---|
| 2024-12-02 | Registration statement filed (foreign issuer) | F-1 |
| 2024-12-18 | Registration statement amended (foreign issuer) | F-1/A |
| 2025-01-16 | Registration statement amended (foreign issuer) | F-1/A |
| 2025-02-13 | Registration statement amended (foreign issuer) | F-1/A |
| 2025-03-03 | Registration statement amended (foreign issuer) | F-1/A |
| 2025-06-02 | Registration statement amended (foreign issuer) | F-1/A |
| 2025-07-23 | Registration statement amended (foreign issuer) | F-1/A |
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Where this comes from
A company that wants to sell shares to the public in the United States files a registration statement with the SEC: Form S-1 for a US company, Form F-1 for a foreign one. It amends that statement as the figures and terms are filled in, usually adding the expected price range shortly before the offering. Once the offering is priced it files its final prospectus under Rule 424(b)(4). A company that decides not to go ahead can ask for the registration statement to be withdrawn on Form RW.
Every row on this page is one of those filings, linked to the filing itself. The facts are the company's own sentences, quoted from the filing named beside each one and never reworded; where no filing states a fact in a sentence that can be read exactly, this page leaves it out. A filing is the company's statement of its plans and its figures, not a verification of them, and nothing here is investment advice.