CTW Shareholders Approve Corporate Name Change at 2026 Annual General Meeting
Rhea-AI Summary
CTW (Nasdaq: CTW) announced that shareholders approved all proposals at the May 7, 2026 Annual General Meeting in Tokyo. Key resolutions included changing the corporate name to CTW, adopting a Second Amended and Restated Memorandum and Articles of Association, and authorizing related implementation actions.
CTW’s Class A ordinary shares are expected to begin trading under the new corporate name on the Nasdaq Capital Market on May 13, 2026 (U.S. Eastern Time). The ticker symbol CTW and CUSIP number remain unchanged. According to CTW, no shareholder action is required and the name change is not expected to affect business operations or financial condition.
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Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| May 05 | Earnings date notice | Neutral | +1.2% | Set date and webcast details for first-half fiscal 2026 financial results. |
| Apr 17 | AGM and name vote | Neutral | +1.3% | Announced AGM to vote on corporate name change and new charter. |
| Mar 23 | Game launch | Positive | +12.3% | Launched Kakegurui ALL IN, expanding G123.jp catalogue to 36 titles. |
| Mar 04 | Conference participation | Neutral | -10.5% | Disclosed management participation in the 38th Annual Roth investor conference. |
| Feb 02 | Geographic expansion | Positive | -11.0% | Opened first North American office in New York to support global expansion. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Product and platform expansion news (e.g., game launches) previously coincided with strong positive moves, while strategic expansion headlines have seen negative reactions, indicating mixed trading responses to growth-oriented updates.
Over the last six months, CTW has highlighted several growth milestones, including opening a New York office on Feb 2, 2026 and launching the game Kakegurui ALL IN, bringing G123.jp to 36 titles. It also announced participation in the 38th Annual Roth Conference and scheduled fiscal 2026 results for May 13, 2026. The current AGM outcome confirming the corporate name change and amended charter follows April’s meeting notice and continues this sequence of corporate formalization and expansion updates.
Key Terms
html5 technical
memorandum and articles of association regulatory
cusip financial
nasdaq capital market financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
TOKYO, May 12, 2026 (GLOBE NEWSWIRE) -- CTW (Nasdaq: CTW) (the “Company”, formerly CTW Cayman), a leading game platform company providing global access to web-based games through its flagship HTML5 platform, G123.jp, today announced that shareholders approved all proposals at the Company’s Annual General Meeting held in Tokyo, Japan on May 7, 2026.
Approved resolutions included:
- Changing the Company’s corporate name to CTW;
- Adopting the Company’s Second Amended and Restated Memorandum and Articles of Association; and
- Authorizing related actions to implement the above proposals.
"Today's approvals represent an important milestone in the company's evolution as we continue building a global platform for anime-inspired web gaming," said Ryuichi Sasaki, Founder, CEO, and Chairman of CTW. “Our simplified corporate name reflects our long-term vision. 'CTW' stands for 'Change the World', a philosophy that has guided us since our inception. I started this company from scratch with nothing but the hope that CTW will leave a profound, positive impact on humanity. This name both represents and reaffirms that same ambition, as we continue to create experiences that foster and facilitate connections between people, communities, and the stories that bring them all together.”
The Company’s Class A ordinary shares are expected to begin trading under the new corporate name “CTW” upon the commencement of trading on the Nasdaq Capital Market on May 13, 2026 (U.S. Eastern Time). The Company’s ticker symbol CTW and CUSIP number will remain unchanged.
No action is required from shareholders with the name change, and the name change is not expected to impact the Company’s business operations or financial condition.
About CTW
CTW is a leading global game platform company providing instant access to free-to-play, web-based games inspired by popular Japanese animation, including So I’m a Spider, So What? Ruler of the Labyrinth, Arifureta: From Commonplace to World’s Strongest – Rebellion Soul, and Queen’s Blade Limit Break. CTW delivers these games through its flagship HTML5 platform, G123.jp. For more information, visit ctw.inc.
Forward Looking Statement
This announcement contains forward-looking statements within the meaning of Section 21E of the U.S. Securities Exchange Act of 1934, as amended. These forward-looking statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “potential,” “continue,” “ongoing,” “targets,” “guidance” and similar statements. CTW may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about CTW’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: CTW’s growth strategies; its future business development, results of operations and financial condition; its ability to distribute successful and engaging games with high “playability” on its platform; its ability to efficiently attract and retain end-users who come to play and make in-game purchases; its ability to achieve positive return on investment on user acquisition efforts; its ability to establish and maintain relationships with game developers; governmental policies and regulations relating to CTW’s industry; and general economic and business conditions globally and in Japan and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks, uncertainties or factors is included in CTW’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and CTW undertakes no obligation to update any forward-looking statement, except as required under applicable law.
Contacts
Investors:
Matt Chesler, CFA
FNK IR
646-809-2183
investor@ctw.inc
Media:
Edwina Frawley-Gangahar
EFG Media Relations
+44 7580 174672
edwina@efgmediarelations.com
