Nocopi Registers 4.32M Shares for Resale, 36% of Outstanding Stock
NNUP sits 51% above its 52-week low of $1.16 on light trading volume (0.1× avg).
Summary
Nocopi registered 4,315,790 shares for resale by existing holders — about 36% of shares outstanding — with no proceeds to the company. The block was already issued in prior private placements and the Polymeric acquisition, so this lifts resale restrictions rather than creating new dilution.
Key Events · Financing and Capital Events · NNUP
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4.32M Shares Registered for Resale
S-1 covers 4,315,790 shares: 3,750,000 from private placements, 500,000 issued to Polymeric U.S. in the May 2026 acquisition, and 65,790 advisory shares held by Frost Gamma Investments Trust.
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No Proceeds to the Company
All net proceeds go to the selling stockholders; Nocopi bears an estimated $96,625 in registration expenses, including a $625 SEC filing fee.
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Registered Block Is 36% of Shares Outstanding
4,315,790 registered shares against 11,910,064 shares outstanding as of October 9, 2026 — the entire block becomes freely tradable once the SEC declares the registration effective.
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Largest Holders Include Former CEO
MSL 18 Holdings LLC (controlled by former CEO Michael S. Liebowitz) holds 1,250,000 registered shares; Joseph S. Steinberg holds 1,250,000 and Frost Gamma Investments Trust 1,315,790.
Analysis · NNUP · Manufacturing
Nocopi filed an S-1 to register 4,315,790 shares for resale by existing holders — MSL 18 Holdings (Michael S. Liebowitz, the former CEO), Joseph S. Steinberg, Frost Gamma Investments Trust, and Polymeric U.S., Inc. The company sells nothing and receives no proceeds; it pays roughly $96,625 in registration costs. Because the shares were already issued in earlier private placements and the Polymeric acquisition, this is not new dilution — it removes the resale restriction and makes the entire block tradable on the OTCQB. That is a meaningful overhang: the registered block equals about 36% of the 11,910,064 shares outstanding, and the largest holders are a former CEO and two large financial investors. The filing also discloses the full 2025 and first-half 2026 financials, including a Q2 2026 net loss of $472,000 on revenue of $961,000 and $10.7M of cash. Watch for the SEC declaring the registration effective and any subsequent 424B prospectus, which is when the shares actually become sellable.
How filings like this one have moved
In the 30 days to Oct 30, 2026, 30.6% of the 1568 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, NNUP was trading at $1.75 on OTC in the Manufacturing sector, with a market capitalization of approximately $20.8M. The 52-week trading range was $1.16 to $2.34. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.