Duke Holding's fourth S-1/A: a $900,000 penny-stock IPO still under SEC review
As seen on the 24/7 Wall St. homepage on October 30, 2026.
Duke Holding's fourth S-1/A keeps a $0.05 penny-stock IPO targeting $900,000
A fourth amendment holds the line at $0.05 a share, with 18 million shares aimed at raising just $900,000 on the OTCQB. That is micro-cap territory with none of the liquidity or disclosure cushion of an exchange listing, and repeated amendments signal SEC review is still ongoing.
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Duke Holding Inc. has filed its fourth amendment to its S-1 registration statement, holding the raise at $900,000 and targeting the OTCQB market. The price has not moved through four rounds of amendments, telling investors the company has found no reason, or room, to adjust its terms.
The OTCQB is a venture-stage market operated by OTC Markets Group, with lighter disclosure requirements than Nasdaq or NYSE. Listings there typically trade with far thinner liquidity, so buyers can struggle to exit a position without moving the price against themselves.
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At $900,000, this raise sits firmly in micro-cap territory. That scale limits the company's ability to use IPO proceeds for anything beyond basic operational needs, and leaves little margin for the post-offering support that larger deals sustain.
Four amendments to a single registration statement signal that the SEC's comment-and-response process is still active, each one a round of staff questions followed by company revisions. Until the SEC declares the registration effective, no shares can be sold to the public.