GenFlat Holdings, which provides collapsible marine shipping containers to global lines, filed on Friday with the SEC to raise up to $15 million in an initial public offering. The company is currently listed on the OTC under the symbol "GFLT."
The Toole, UT-based company plans to raise $15 million by offering 2.7 million shares at a price range of $5 to $6. At the midpoint of the proposed range, Genflat Holdings would command a market cap of $74 million.
GenFlat is an early-stage developer of collapsible marine containers, offering 20-foot standard, 40-foot standard, and 40-foot high-cube products that deliver 96% capacity and payload relative to traditional containers. These containers collapse in approximately 80 seconds, using GenFlat’s patented GenFlat Actuator or patent-pending GenFlat Genny. The company operates as a container sales and leasing business with one rental and two equipment lease agreements serving three customers, and it exclusively manufactures its containers through a teaming agreement with a manufacturer in Dalian, China while holding five US patents and two patents in China. It has earned minimal revenue to date.
The Toole, UT-based company was founded in 2019 and booked $6 thousand in revenue for the 12 months ended September 30, 2025. It plans to list on the Nasdaq under the symbol GFLT. GenFlat Holdings filed confidentially on March 11, 2025. Craig-Hallum Capital Group is the sole bookrunner on the deal.
