Bitari Inc. filed Amendment No. 4 to its Form S-1 registration statement with the U.S. Securities and Exchange Commission on October 26, 2026, seeking to offer 4,285,715 shares of common stock at an expected initial public offering price of $7.00 per share.

Key Highlights

  • Offering size: 4,285,715 shares of common stock at an expected $7.00 per share, on a firm commitment basis.
  • Over-allotment option: The representative underwriter, US Tiger Securities, Inc., holds a 45-day option to purchase up to an additional 15% of shares; if exercised in full, total gross proceeds before expenses would be $34,500,006.
  • Underwriting discount: 6.5% per share, with total underwriting discounts of $2,242,500 if the over-allotment option is exercised in full at the assumed $7.00 price.
  • Controlled company: Upon completion of the offering, AI Power X Inc. will hold 85.87% of issued and outstanding common stock, assuming no exercise of the over-allotment option, making Pei Zhao, director, chairperson, and secretary, the beneficial controller of that voting power.
  • Cornerstone investor interest: Aleria Technology LLC has indicated interest in purchasing up to approximately $3 million in shares, and Nano Labs Ltd. (Nasdaq: NA) has indicated interest in purchasing up to approximately $1.5 million in shares, both at the initial public offering price; these indications are not binding commitments.
  • Nasdaq listing pending: The company has reserved the ticker symbol "BIAI" and applied to list on the Nasdaq Global Market; Nasdaq has not yet approved the application as of the filing date.
  • Emerging growth company: Bitari is classified as an emerging growth company under the JOBS Act and a smaller reporting company, and has elected certain reduced public company reporting requirements.

Bitari Inc. Seeks Nasdaq Listing via Fourth S-1 Amendment

Bitari Inc., a Texas corporation headquartered at 16544 HWY 152 in Wheeler, TX, filed the fourth amendment to its registration statement on October 26, 2026, according to the filing. The company is pursuing an initial public offering of 4,285,715 shares of common stock, par value $0.0001 per share, at an expected price of $7.00 per share. The registration statement carries Registration No. 333-298506. The company's primary standard industrial classification code is 7374, and its I.R.S. Employer Identification Number is 88-1985883.

According to the filing, the offering is underwritten on a firm commitment basis by US Tiger Securities, Inc. as representative of the underwriters. The underwriting discount is 6.5% per share. The representative has been granted a 45-day over-allotment option covering up to an additional 15% of the shares being offered. If that option is exercised in full, the filing states total gross proceeds before underwriting discounts and expenses would be $34,500,006, with total underwriting discounts of $2,242,500, both calculated at the assumed $7.00 offering price.

The filing notes that the closing of the offering is conditioned upon Nasdaq's final approval of the company's listing application for the reserved symbol "BIAI" on the Nasdaq Global Market, and states there is "no guarantee or assurance" that approval will be granted. Following the offering, AI Power X Inc. is reported to hold 85.87% of issued and outstanding shares, assuming no over-allotment exercise, giving its beneficial owner Pei Zhao voting control over all matters requiring stockholder approval. The filing also discloses non-binding indications of interest from Aleria Technology LLC for up to approximately $3 million in shares and from Nano Labs Ltd. for up to approximately $1.5 million in shares at the offering price.

What Was Disclosed

Bitari Inc. submitted Amendment No. 4 to its S-1 registration statement on October 26, 2026, detailing a proposed IPO of 4,285,715 shares at $7.00 per share, a pending Nasdaq listing application under "BIAI," underwriting terms, a controlled-company structure, and non-binding cornerstone investor indications of interest.