IPO - ESG Inc.

Form Type: S-1/A

Filing Date: 2025-06-27

Corporate Action: Ipo

Type: Update

Accession Number: 000152013825000188

Filing Summary: ESG Inc. is conducting a public offering of 5,000,000 shares of its common stock at a price of $5.00 per share, as filed with the SEC on June 26, 2025. The registration statement for this offering is designated as Amendment No. 5 under the Securities Act of 1933. ESG Inc. operates primarily as a holding company for its subsidiaries in China, involving significant legal and operational risks tied to its business model, as indicated in the risk factors associated with conducting business in China. The offering is scheduled to terminate on December 26, 2025, and will not be subject to raising any minimum offering amount. There is a high degree of risk associated with investing in the company's common stock, primarily due to its dependence on operations in China and potential governmental oversight. Furthermore, the structure and control over the company are concentrated in the hands of the CEO and director, Zhi Yang, who owns 70.56% of the common stock, affecting the influence of outside shareholders on corporate decisions. Additionally, the document outlines the potential impacts of the Holding Foreign Companies Accountable Act on the company's operations and audit processes.