Air and water purification system provider Birchtech files and sets terms for $20 million NYSE American uplisting
February 12, 2026 News
Air and water purification system provider Birchtech cuts deal size by 25% ahead of $15 million NYSE American uplisting
Birchtech, which provides mercury capture technology and water purification systems, lowered the proposed deal size for its upcoming IPO on Thursday.
The Corsicana, TX-based company now plans to raise $15 million by offering 4.5 million shares at a price of $3.36. The company had previously filed to offer 5.4 million shares at a price of $3.67. Birchtech originally filed to offer 4.8 million shares at a price of $4.15 in January 2026. At the midpoint of the revised deal size, Birchtech will raise -25% less in proceeds than previously anticipated.
February 3, 2026 News
Air and water purification system provider Birchtech changes deal terms ahead of $20 million NYSE American uplisting
Birchtech, which provides mercury capture technology and water purification systems, raised the proposed deal size for its upcoming IPO on Tuesday.
The Corsicana, TX-based company now plans to raise $20 million by offering 5.4 million shares at $3.67. The company had previously filed to offer 4.8 million shares at $4.15. At the midpoint of the revised terms, Birchtech will command a fully diluted market value of $92 million （-10% versus previous terms）。
IPO Overview
Birchtech, which provides mercury capture technology and water purification systems, filed on Tuesday with the SEC to raise up to $20 million in an initial public offering. The company is currently listed on the OTC under the symbol “BCHTD” and the TSX under the symbol “BCHT”.
The company plans to raise $20 million by offering 4.8 million shares at $4.15, the current quoted OTC price. At the proposed deal size, Birchtech would command a fully diluted market value of $102 million.
Birchtech provides specialty activated carbon technologies focused on air and water purification, primarily serving the coal-fired utility sector with mercury emissions capture solutions through its patented SEA process, currently used by 16 electric generating units in the US. It also targets the potable water market with innovative sorbent technologies designed to address forever chemicals like PFAS, supported by two dedicated Design Centers in Pennsylvania and North Dakota for research and development. The company believes that a significant percentage of coal-fired power plants in the United States are infringing upon its patented SEA process, and began actively initiating patent litigations in 2019 against multiple parties.
The Corsicana, TX-based company was founded in 1996 and booked $19 million in revenue for the 12 months ended September 30, 2025. It plans to list on the NYSE American under the symbol BCHT. Birchtech filed confidentially on October 23, 2025. Lake Street Capital Markets and Huntington Investment are the joint bookrunners on the deal.
About the Company
We are a provider of specialty activated carbon technologies, delivering innovative solutions for air and water purification. /We provide patented and proprietary technologies for mercury emissions capture to the coal-fired utility sector, and are developing disruptive water purification technologies with a specialization on forever chemicals such as PFAS and PFOS. We provide mercury capture solutions for coal-fired power plants driven by our patented two-part SEA? process using a powerful combination of science and engineering. Our leading-edge services have been shown to achieve mercury emissions removal at a significantly lower cost and with less operational impact to coal-fired power plants than other used methods, while maintaining and/or increasing power plant output and preserving the marketability of byproducts for beneficial use. We design systems and materials tailored and formulated specifically to each customer’s coal-fired units. North America is currently the largest market for our emissions technologies. The market for mercury removal from power plant emissions in the United States has largely been driven by federal regulations. The MATS rule, proposed by the EPA in May 2011 and which became effective in April 2012, is intended to reduce air emissions of heavy metals, including Hg, from all major US power plants burning coal or oil.