RZ Wellness cuts its IPO target to $165,000 at 3 cents a share
As seen on the 24/7 Wall St. homepage on October 16, 2026.
Amendment No. 2 pegs the offering at 3 cents a share
RZ Wellness is now seeking just $165,000 in its second amended S-1. A raise this small on the OTCQB is a shell-sized listing, and the penny pricing sets the bar for anyone tempted by the first quote.
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RZ Wellness Ltd has filed its second amended S-1 with the SEC, setting the offering size at 5,500,000 shares priced at $0.03 each for a total raise of $165,000. That figure places this squarely among the smallest public offerings on record, well below what most investors would associate with a conventional operating company going public.
The target exchange is the OTCQB tier of OTC Markets, a venue that already caters to early-stage and micro-cap companies. At $165,000, the capital raised would barely cover a modest legal or accounting bill, which raises immediate questions about what the proceeds are intended to accomplish and how far they will stretch.
Penny-priced offerings on the OTCQB carry specific risks that investors should understand before the first quote appears. Liquidity can be extremely thin, bid-ask spreads can represent a large percentage of the share price itself, and a $0.03 entry point does not automatically mean the downside is limited.
The second amendment signals that the deal terms have already shifted at least twice during the registration process. Anyone tracking this filing should watch the SEC's EDGAR system for a third amendment or an effective notice, as those will confirm whether the offering actually moves forward and under what final conditions.