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NCT 424B5: Secondary offering

Filed with the SEC on · accession 0001213900-26-112141

NCT filed a 424B5 (prospectus (offering)) with the SEC on Oct 23, 2026. The final terms of an offering of shares or bonds. The stock moved -4.5% by the first close after the filing.

Summary of the filing

Intercont (Cayman) Limited is conducting a registered direct offering of 15,000,000 Class A Ordinary Shares at a negotiated price of US$1.30 per share to certain investors, expecting gross proceeds of approximately US$19.5 million without any placement agent or underwriter.

For details, click here →How to read a 424B5 →

Key details

Gross proceeds from offering$19.5M
Offer price per Class A Ordinary Share$1
Number of Class A Ordinary Shares offeredshares 15.0M
IssuerIntercont (Cayman) Limited

How NCT stock reacted

Close before

$1.32

Oct 22, 2026

First close after

-4.55%

$1.26

5 trading days

+17.42%

$1.55

Since filing

-21.97%

$1.03

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Frequently asked questions

What did NCT file with the SEC on Oct 23, 2026?

NCT filed a 424B5 (Secondary offering). Intercont (Cayman) Limited is conducting a registered direct offering of 15,000,000 Class A Ordinary Shares at a negotiated price of US$1.30 per share to certain investors, expecting gross proceeds of approximately US$19.5 million without any placement agent or underwriter.

What does a secondary offering mean for NCT stock?

New shares dilute existing holders and are often sold at a discount to the market price.

How do I read a 424B5?

The final terms of an offering of shares or bonds. Look at price, number of shares and the discount to the market price. Large offerings dilute existing shareholders.

Why are SEC filings important?

Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A 424B5 (prospectus (offering)): The final terms of an offering of shares or bonds.

How did NCT stock react to this filing?

NCT closed at $1.32 before the filing and $1.26 on Oct 23, 2026 (-4.55%). Five trading days later: $1.55 (+17.42%).

Other NCT SEC filings

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