SunHo BioTech Group, a Singaporean developer of a waste recycling system that generates fertilizer, filed on Thursday with the SEC to raise up to $10 million in an initial public offering.
The Singapore-based company plans to raise $10 million by offering 2.5 million shares at a proposed price of $4. At the proposed deal size, SunHo BioTech Group would command a market cap of $135 million.
The company aims to decrease the volume of waste, primarily through its BioMax Digester, which is an aerobic digestion platform that converts organic waste into 100% organic fertilizer using their patented BM1 enzyme. SunHo has sold to customers in Singapore, Malaysia, China, Cambodia, and Thailand, and to exclusive distributors in Australia, New Zealand and the United States.
The Singapore-based company was founded in 2009 and booked $2 million in revenue for the 12 months ended December 31, 2024. It plans to list on the NYSE American but has not yet selected a ticker (RC ticker: SHBT.RC). SunHo BioTech Group filed confidentially on April 22, 2025. US Tiger Securities is the sole bookrunner on the deal.
