Ga Sai Tong Enterprise Ltd

F-1/A amended

Range $4.00 to $6.00 · 6,250,000 shares

Ga Sai Tong Enterprise Ltd is conducting an IPO offering 6,250,000 ordinary shares at $4.00-$6.00 per share, aiming to raise $27.6 million. Proceeds will fund restaurant expansion, chef recruitment, facility upgrades, and general operations. The filing highlights regulatory uncertainties regarding Chinese securities approvals (CSRC) and U.S. HFCA Act risks related to auditor inspections. The company faces potential sanctions, delisting risks, and operational restrictions if regulatory requirements are not met. The offering is conditional on NYSE American listing approval, with lock-up agreements for insiders.

RW withdrawn

F-1 filed

Range $5.00 to $7.00 · 3,000,000 shares

Ga Sai Tong Enterprise Ltd is conducting an initial public offering (IPO) of 3,000,000 Class A Ordinary Shares, seeking to list on Nasdaq under the symbol 'GST'. The company, structured as a Cayman Islands holding company, operates through Hong Kong subsidiaries and faces regulatory risks due to its PRC-related operations. It is an emerging growth company with a dual-class share structure, where Class B shares hold ten times the voting power of Class A shares. The IPO is contingent on Nasdaq's approval, and the company highlights risks related to PRC government intervention and U.S. regulatory scrutiny of its auditor.

RW withdrawn

Ga Sai Tong Enterprise Ltd has requested the withdrawal of its Form F-1 registration statement, effective January 23, 2026, as it no longer intends to proceed with the previously filed IPO. The registration became effective on November 23, 2025, with a post-effective amendment on December 31, 2025. The company confirms no securities were sold under the registration and seeks credit for fees paid to the SEC.

EFFECT effective

Ga Sai Tong Enterprise Ltd. has filed a Notice of Effectiveness for its initial public offering (IPO), confirming the registration of 1.3 million Class A Ordinary Shares at an expected price range of $5.00 to $7.00 per share. The offering is conditional on Nasdaq Capital Market's approval for listing under the symbol 'GST'. The company, structured as a Cayman Islands holding company, operates through Hong Kong subsidiaries and maintains a dual-class share structure with Class B shares holding 10x voting power. It is classified as an emerging growth company and a foreign private issuer, subject to reduced reporting requirements.

F-1/A amended

Range $5.00 to $7.00 · 1,300,000 shares

Ga Sai Tong Enterprise Ltd, a Cayman Islands holding company, is conducting an initial public offering (IPO) of 1,300,000 Class A Ordinary Shares at an expected price range of $5.00 to $7.00 per share. The offering is structured through offshore entities, with operations conducted via Hong Kong subsidiaries. The company faces significant risks related to PRC regulatory actions, potential government intervention, and uncertainties in the application of PRC laws. The IPO is conditional on Nasdaq Capital Market approval, and the company is subject to U.S. securities laws, including the Holding Foreign Companies Accountable Act (HFCA Act).

F-1/A amended

Range $5.00 to $7.00 · 1,300,000 shares

Ga Sai Tong Enterprise Ltd (GST Cayman), a Cayman Islands holding company, is conducting an initial public offering (IPO) of 1,300,000 Class A Ordinary Shares at an expected price range of $5.00 to $7.00 per share. The offering is conditional on Nasdaq Capital Market approval, and the company will be a 'controlled company' post-IPO due to its dual-class share structure, with controlling shareholders holding 79.80% of voting power. The company operates through Hong Kong subsidiaries and faces risks related to PRC regulatory actions, auditor inspection requirements under the HFCA Act, and uncertainties in its corporate structure.

F-1 filed

Range $5.00 to $7.00 · 1,300,000 shares

Ga Sai Tong Enterprise Ltd (GST Cayman), a Cayman Islands holding company, is conducting an initial public offering (IPO) of 1,300,000 Class A Ordinary Shares at an expected price range of $5.00 to $7.00 per share. The company, which operates through Hong Kong subsidiaries, is seeking Nasdaq Capital Market listing under the symbol 'GST'. The offering includes a dual-class share structure, with Class A shares (1 vote per share) and Class B shares (10 votes per share). The filing highlights risks related to PRC regulatory actions, potential SEC delisting under the HFCA Act, and the company's controlled company status due to majority shareholder voting control.

DRS/A amended

Ga Sai Tong Enterprise Limited (GST Cayman) is conducting an initial public offering (IPO) of Class A Ordinary Shares, aiming to list on the Nasdaq Capital Market. The offering involves a dual-class share structure, with Class A shares having 1 vote per share and Class B shares 10 votes per share. The company is a Cayman Islands holding company with operations through Hong Kong subsidiaries. The filing highlights risks related to PRC regulatory actions, potential delisting due to PCAOB inspection issues, and the controlled company structure granting significant voting power to major shareholders.

DRS filed

Ga Sai Tong Enterprise Limited (GST Cayman), a Cayman Islands exempted company, is conducting an initial public offering (IPO) of Class A Ordinary Shares, with an expected price range of $[    ] to $[    ] per share. The offering is on a firm commitment basis, with shares to be listed on the Nasdaq Capital Market under the symbol “[      ]” pending approval. The company is a controlled company post-offering, with Controlling Shareholders owning over 50% of voting power. The structure involves a dual-class share system (Class A and Class B) and operates through Hong Kong subsidiaries. The IPO is subject to risks related to PRC regulatory actions, potential trading restrictions under the HFCA Act, and uncertainties in the legal environment.