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Deal evidence

iStep Learning plc

Document terms are sourced below; listing is not inferred from a filed prospectus.

Not investment advice. Research and educational information. No expected returns, suitability assessment or trading instructions.

Key facts

Values retain their own source and retrieval time. An expected date never proves a completed event. The page is an evidence snapshot, not a fresh market quote.

Venue
NYSE AMERICANSource · retrieved · cached SEC cover/summary excerpt
Market segment
no official datanot confirmed in the available record
Ticker
ISTLSource · retrieved · cached SEC cover/summary excerpt
Offering type
Shares · ordinary sharesSource · retrieved · cached SEC cover/summary excerpt
Status
filedSource · retrieved · cached SEC cover/summary excerpt
Currency
USDSource · retrieved · cached SEC cover/summary excerpt
Indicative range — low
USD 4.0Source · retrieved · cached SEC cover/summary excerpt
Indicative range — high
USD 5.0Source · retrieved · cached SEC cover/summary excerpt
Offer price
no official datanot confirmed in the available record
Shares offered
4,000,000 ordinary shares (issuer base offering; excludes option)Source · retrieved · cached SEC cover/summary excerpt
Pricing date
no official datanot confirmed in the available record
First trading day
no official datanot confirmed in the available record
Filed date
2026-10-19Source · retrieved · cached SEC cover/summary excerpt

Timeline

  1. Filed Source · retrieved · cached SEC cover/summary excerpt

Deal profile

Descriptive evidence only. No combined score, forecast or recommendation is calculated. These are partial document notes, not a complete profile.

Dual-model extraction was reviewed, but no candidate passed all evidence and context checks. Only incomplete cover/summary excerpts are cached; complete sections and risk counts remain unavailable.

Deal structure

no official data — incomplete pillar

Primary capital fraction and offered fraction need verified issuer/seller splits and post-offer capital.

  • Use of proceeds: no official data — not verified in the supplied excerpt.
  • Book-value dilution disclosure: no official data — not verified in the supplied excerpt.
  • Selling shareholders: no official data — not verified in the supplied excerpt.

Fundamentals

no official data — incomplete pillar

Audited annual revenue growth, reported operating margin and inclusive debt to assets are not verified. A pre-combination shell is not scored as an operating business.

Governance & alignment

no official data — incomplete pillar

Voting control, lock-up coverage, start event and waiver terms require complete document evidence.

  • Lock-up length: no official data — not verified in the supplied excerpt.
  • Risk-factor theme: no official data — not verified in the supplied excerpt.

Related-party transactions and complete risk counts: no official data. Silence is not a negative finding.

Market conditions

no official data — official pre-listing benchmark inputs and display rights have not been established.

This is a separate context panel. Prospectus wording is not market sentiment.

Performance report

no official data — verified price paths, venue sessions, corporate actions and public-display permissions are not yet available here. This panel is a methodology preview, not a live return report.

  • Offer-to-close price return at the first, thirtieth, ninetieth and one-hundred-eightieth scheduled venue session, using a verified final offer and comparable closing prices.
  • First-session benchmark return and the market-adjusted initial return, shown as a percentage-point spread rather than an allocation-time alpha.
  • Cumulative abnormal return (CAR) sums paired daily return spreads. Buy-and-hold abnormal return (BHAR) compares separately compounded share and benchmark paths. Both begin at the first close, exclude the allocation move and require complete matching paths.
  • Changes in annual revenue growth, operating margin and inclusive debt to assets, only from comparable audited pre/post periods.

Price and gross-total-return bases remain separate; currencies, calendars and adjustments must agree. Suspensions do not pause the scheduled-session clock. Missing inputs and unreached horizons stay no official data, never zero.

Documents and sources

  • Source · retrieved · cached SEC cover/summary excerpt

Linked documents remain on their publisher’s site. Cached excerpts are not republished as prospectuses.

Methodology and limitations

Deal profile methodology · Performance methodology

Missing, disputed, restricted or incomplete data is not substituted with estimates. Descriptors do not express investment merit. The route year is a frozen directory identifier, not a confirmed listing date.

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