Gravity AI Filed Primary
Proposed symbol HXAI on Nasdaq Capital Market · First filed Feb 6, 2026 · CIK 2084806
Effective prospectus: F-1/A May 22, 2026 (0001493152-26-024952) · terms available
“We are offering 6,250,000 Ordinary Shares, which number of shares is based on an assumed initial public offering price per share of $4.00, representing the low end of the initial public offering price range of $4.00 and $5.00 (this "Offering").”
What the company does
Gravity AI is a holding company registered and incorporated in the Cayman Islands that conducts its key operations through Gravity Supply Chain Holdings Pte. Ltd., its Singapore key operating subsidiary. Through Gravity SG, the company specializes in cloud-based enterprise technology with a core focus on global supply chain visibility and execution, serving global logistics service providers who white label its technology platform. Its platform integrates with end-customers' ERP systems to deliver a digitally connected, end-to-end view of their global supply chain, enabling risk mitigation, optimization, and data-driven decision-making. Gravity AI's senior management are logistics and supply chain veterans who have secured agreements with global logistics service providers, including top-twenty ranked firms.
Use of proceeds
Based on an initial public offering price of US$4.00 per Ordinary Share, the company estimates net proceeds of approximately US$21.76 million (or US$25.19 million if the over-allotment option is exercised in full). The company intends to use approximately 30% for general working capital, approximately 40% for acquisition or development of Artificial Intelligence capabilities to expand its software product offerings, and approximately 30% for the partial repayment of a bank overdraft from Green Link Digital Bank Pte. Ltd., a loan from Rikvin Capital, and a loan plus accrued interest from Mr. Hemant Bhatt.
Underwriters
Extracted from F-1/A 0001493152-26-024952, filed May 22, 2026 and verified against that filing text.
Key risk factors
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Concentration of ownership
“Our directors and officers currently own an aggregate of 52.22% of our outstanding Ordinary Shares representing 52.22% of the total voting power, and will approximately 34.00% of our outstanding Ordinary Shares representing approximately 34.00% of the total voting power immediately after the completion of this Offering, assuming that the underwriters do not exercise their over-allotment option.”
Financials before the first trade
The completed SEC companyfacts import produced no qualifying full-year financial history for this filer.
Filing history
| Filed | Form | Accession | |
|---|---|---|---|
| 2026-05-22 | F-1/A | 0001493152-26-024952 | View on EDGAR |
| 2026-04-29 | F-1/A | 0001493152-26-019514 | View on EDGAR |
| 2026-04-15 | F-1/A | 0001493152-26-016646 | View on EDGAR |
| 2026-03-26 | F-1/A | 0001493152-26-012919 | View on EDGAR |
| 2026-03-04 | F-1/A | 0001493152-26-008823 | View on EDGAR |
| 2026-02-06 | F-1 | 0001493152-26-005514 | View on EDGAR |
Source quotes
Offer price: “We are offering 6,250,000 Ordinary Shares, which number of shares is based on an assumed initial public offering price per share of $4.00, representing the low end of the initial public offering price range of $4.00 and $5.00 (this "Offering").”
Shares offered: “We are offering 6,250,000 Ordinary Shares, which number of shares is based on an assumed initial public offering price per share of $4.00, representing the low end of the initial public offering price range of $4.00 and $5.00 (this "Offering").”