Nocopi Technologies (OTCQB: NNUP) files for an IPO. The King of Prussia, PA micro-cap makes specialty reactive inks for toys and entertainment plus Copimark/Rub & Reveal anti-counterfeiting tech. Reve

No proceeds to the company here — all net proceeds go to selling stockholders. This is a secondary offering, so the business itself won't see a dollar of the raise. Price your interest accordingly. Two major licensing customers drive a significant chunk of revenue, and the company flags limited ability to develop new business and sustain positive operating cash flow. Concentration plus a short runway is a tough combo. Add integration risk: Nocopi just closed its $2.65M acquisition of Polymeric U.S. in May 2026, and management has limited experience absorbing businesses. 2025 was already rocky — tariffs hit Asian printer sales and Chinese orders slipped. Bottom line: a tiny OTC name raising money for insiders, not growth, with customer concentration and an unproven acquisition to digest. Interesting niche tech, but this filing gives public investors little reason to chase.

No proceeds to the company here — all net proceeds go to selling stockholders. This is a secondary offering, so the business itself won't see a dollar of the raise. Price your interest accordingly.