DXST

Business Context and Reporting Period

Company: Decent Holding Inc.
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Reporting Date: November 12, 2025
Principal Office: Yantai, Shandong Province, People's Republic of China
Context: The filing announces the closing of a best-efforts registered offering of Class A ordinary shares and warrants.

Key Financial Metrics and Transaction Details

• Shares Issued: 13,333,333 Class A ordinary shares.
• Offering Price: $0.60 per share.
• Gross Proceeds: Approximately $8,000,000 (before fees and expenses).
• Warrants Issued: 26,666,666 warrants (2:1 ratio to shares).
• Warrant Exercise Price: $0.66 per share (110% of offering price).
• Warrant Expiration: March 12, 2026.
• Placement Agent Fees: 5% cash fee of gross proceeds plus up to $350,000 in expense reimbursement.

Material Changes and Transaction Structure

The Company completed a registered offering pursuant to an effective Form F-1 registration statement (File No. 333-289797). The transaction closed on November 12, 2025, following pricing on November 10, 2025. D.Boral Capital LLC acted as the sole placement agent. The offering structure includes a right of first refusal granted to the placement agent for future financing or M&A transactions until January 23, 2026.

Guidance, Outlook, and Use of Proceeds

Use of Proceeds: Net proceeds are intended for:

• Business expansion and launching additional offices.
• Product research and development.
• Promoting river water quality management and expanding river water treatment services.
• Development and upgrade of wastewater treatment technologies.
• Recruiting research, development, and management talent.

Lock-Up Agreements: Directors and executive officers agreed not to sell or transfer securities for 90 days following the closing date.
Risks: The filing includes standard forward-looking statement disclaimers, noting that actual results may differ materially due to uncertainties described in the Company's Form 20-F for the year ended October 31, 2024.

Investor Verification Checklist

• Verify the final net proceeds after deducting the 5% placement fee and the $350,000 expense cap.
• Confirm the dilution impact of the 26,666,666 warrants exercisable at $0.66.
• Review the full text of the Placement Agency Agreement (Exhibit 1.1) for specific terms regarding the right of first refusal.
• Check the Company's Form 20-F (filed March 7, 2025) for detailed risk factors and historical financial performance.
• Monitor the 90-day lock-up expiration date for potential selling pressure from insiders.