Financing ·
Largest stockholder proposes surrendering 97.4M shares, reducing outstanding common stock by approximately 20%
ADBTAdvasa Holdings, Inc.
Mr. Asamitsu Kosugi, Advasa Holdings' largest shareholder, has expressed his intention to surrender 97,413,140 shares of the company's common stock for no consideration. This proposed forfeiture would reduce the total outstanding common stock by approximately 20%, assuming no other changes in share count. The transaction is not yet complete and remains subject to finalizing documentation, obtaining necessary corporate approvals, and completing transfer agent procedures. There is no assurance regarding the timing or completion of this event. Advasa Holdings operates as a fintech company delivering Earned Wage Access (EWA) and financial infrastructure solutions.