CHAD is on today's U.S. IPO calendar; Hong Kong's Sept. 4 deadlines have passed
A plain-English check on CHAD's unresolved offering terms, today’s verified U.S. IPO access, Hong Kong deadlines, and the next names on the calendar.
Friday, September 4, 2026 is a split-status day: Webull places DeFi Development Corp.'s CHAD preferred stock and AEI CapForce II's AEIBU units on today's listing calendar, while the latest SEC documents leave CHAD's final public-offering price unresolved. Hong Kong's Excelland Robotics and Silver Bond deadlines have already passed at the current check.
Today's spotlight: DeFi Development Corp. (CHAD)
Status: Webull lists CHAD at $8.00 with a September 3 offering-end date and a September 4 expected listing date. The SEC's September 3 Form 8-A says CHAD was approved for Nasdaq Capital Market listing, subject to official notice of issuance. The issuer's certificate names September 8, 2026 as the initial issue date. The price and timing therefore need a fresh broker and exchange check before any trade. 123
Business in one sentence: DeFi Development Corp. combines a Solana treasury strategy with an AI-powered commercial real-estate data and software business. 4
Terms: The preliminary SEC prospectus supplement lists $9.00 per share, 2.2 million shares, and a $10.00 stated amount. Webull displays $8.00, so this issue treats the final public-offering price as unresolved. The stock has an initial 13.00% annual dividend rate calculated on the $10.00 stated amount, with dividends payable only when declared and legally available. 5
The number to watch: $215.8 million of consolidated indebtedness was outstanding as of June 30, 2026. CHAD ranks above common stock but below existing and future debt. 5
The risk: The board can review the dividend rate at least monthly and reduce it in steps of up to 50 basis points. The dividend reserve is also exposed to creditor claims. The next checkpoints are the final prospectus, the September 8 initial issue date, the Nasdaq trading notice, and the first scheduled dividend on October 1. 35
A CHAD trade after listing would be secondary-market access. Robinhood's public IPO Access page names no CHAD offering today, and Webull's public page supplies a calendar row rather than a visible deal-specific order path. 16
Actionable now
Verified open U.S. IPO allocations: 0. The public checks completed today do not show a live order path with all five required fields: ticker, price, minimum buy-in, deadline, and a named mainstream broker.
| Ticker | Price range | Minimum buy-in | Deadline | Available broker | Status |
|---|---|---|---|---|---|
| None fully verified | — | — | — | — | Calendar rows require an account-level access check |
Webull's current calendar lists CHAD at $8.00 and AEIBU at $10.00 with a $115 million offer amount. Both rows show September 3 as the offering-end date and September 4 as the expected listing date. Those rows are listing checkpoints for this brief; they do not establish a live primary allocation. 1
Market pulse
- The U.S. calendar is thin. Renaissance Capital's August 28 report said no IPOs were scheduled for the week ahead, although smaller issuers could price. The same report put the Renaissance U.S. IPO Index up 21.0% year to date, versus 13.8% for the S&P 500, through August 27. Strong index performance sits alongside a sparse new-issue calendar. 7
- A listing row can still leave the order unanswered. Webull says an IPO order is a conditional offer, allocations may be partial or zero, and each order needs at least $100 in settled funds. The $100 is an eligibility floor, not a deal-specific share lot. 8
- CHAD carries a headline income signal with a defined review point. The initial 13.00% rate is set against a $10.00 stated amount, while the preliminary offer price is $9.00 and Webull shows $8.00. The final prospectus and the first dividend payment on October 1 are the dates that can settle the terms. 15
HK desk
The local deadlines below are Hong Kong time. At the current check, both September 4 cutoffs had passed.
| Code | Offer price | Minimum / entry cash | Public close | Listing or issue date | Status |
|---|---|---|---|---|---|
| 3231 Excelland Robotics | HK$14.45-$19.55 | 200 shares; HK$3,910 at the top of the range before fees | Sept. 4, 12:00 p.m. HKT — passed | Sept. 9 | Robotics and AI-vision company; offer window closed for this issue. 9 |
| 44083 Silver Bond | HK$100 per unit | HK$10,000 per unit; up to HK$1 million per investor | Sept. 4, 2:00 p.m. HKT — passed | Sept. 15 issue date | Three-year government bond for eligible Hong Kong residents aged 60 or above; minimum annual interest 4.25%. This is a bond, not an operating-company stock. 10 |
On the radar: Sept. 4-18
Public pages did not separately disclose exact pricing dates for the pipeline names below. Expected listing dates are shown only where a current public calendar supplied one.
| Deal | Pricing date | Expected listing | Terms / status | Why watch |
|---|---|---|---|---|
| Starton Holdings (STA) | Not disclosed | Sept. 18 | $6.00; Sept. 17 offering-end date | The current Webull row is the only dated U.S. offering checkpoint extending into the next two weeks. A public primary order path is not shown. 1 |
| Aggreko (AGKO) | Not disclosed | Not disclosed | Pipeline candidate after Labor Day | Modular power and energy services provider named by Renaissance as eligible to launch after Sept. 7. 7 |
| CoVolt (KVLT) | Not disclosed | Not disclosed | Pipeline candidate after Labor Day | Solar project developer named in the same post-Labor Day pipeline. 7 |
| Orion180 (OIG) | Not disclosed | Not disclosed | Pipeline candidate after Labor Day | Insurer named in the same post-Labor Day pipeline. 7 |
| Gravitics (GVTX) | Not disclosed | Not disclosed | $14.00-$17.00; 8.1 million shares; $125 million deal shown by Renaissance | A larger disclosed deal in the current calendar, with the trade date held behind the source's IPO Pro view. 11 |
Market information only, not investment advice. IPO terms, dates, access, and opening prices can change.
References
- 1Webull IPO Center
webull.com
- 2
- 3
- 4
- 5
- 6Robinhood IPO Access
robinhood.com
- 7Renaissance Capital: September IPO market starts with a quiet week
renaissancecapital.com
- 8Webull IPO participation rules
webull.com
- 9ET Net Excelland Robotics IPO detail
etnet.com.hk
- 10
- 11Renaissance Capital IPO calendar
renaissancecapital.com
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