Recent Updates — ADBT

Advasa Holdings, Inc. received written notice from The Nasdaq Stock Market LLC on October 21, 2026, indicating that its common stock has traded below the $1.00 per share Minimum Bid Price Requirement for the last 30 consecutive business days. The company has been granted an initial compliance period of 180 calendar days, ending April 19, 2027, to regain compliance by maintaining a minimum bid price of at least $1.00 for ten consecutive business days. Failure to comply may result in delisting or transfer to the Nasdaq Capital Market if applicable requirements are met. The company intends to monitor its stock price and consider options to regain compliance. Advasa Holdings, Inc. operates as an investment holding company.

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.

Advasa Holdings, Inc. has appointed William Witherspoon as its new Chief Financial Officer, effective October 6, 2026. Witherspoon, who previously served as an independent director and Audit Committee member, will also join the board as a non-independent director while stepping down from his committee roles. Grady Ryther, the Company’s Chief Executive Officer, will step down from his position as interim CFO, which he held since August 27, 2026. Under the employment agreement, Witherspoon will receive an annual base salary of $200,000 and is eligible for discretionary bonuses and equity grants. The company operates in the asset acquisition and real estate development sector.