Advasa Holdings, Inc. (ADBT) filed a prospectus supplement updating its resale registration for up to 94,046,357 shares of common stock held by existing registered stockholders in connection with its Nasdaq direct listing. These are existing shares and the company states it will not receive proceeds from any sales by those holders.
The company reiterates that the August 25, 2026 listing involved no new share issuance or capital raise and clarifies ownership of its largest shareholder, Asamitsu Kosugi, who continues to beneficially own 232,638,232 shares, or about 47.76% of outstanding shares, with no sales, pledges, hedging, or Rule 10b5-1 plan reported through September 9, 2026. Advasa also discloses the resignation of its CFO on August 27, 2026, with CEO Grady Ryther serving as interim CFO, and highlights ongoing business development of its FUKUPE earned wage access platform, including new USDC payment support and planned market launches in Indonesia and the UAE.
Advasa Holdings, Inc. (ADBT) provides a detailed clarification of its recent Nasdaq Global Market direct listing, related resale registration, largest shareholder ownership and a management change. The company states that it did not issue or sell any shares or receive proceeds in connection with the August 25, 2026 listing.
The resale prospectus covers up to 94,046,357 existing shares held by current stockholders, with any sales at their discretion and no proceeds going to the company. Advasa confirms that its largest shareholder, Asamitsu Kosugi, continues to beneficially own 232,638,232 shares, or 47.76% of outstanding shares, with no sales, pledges, hedging, margin loans, securities lending, or Rule 10b5-1 plans reported through September 9, 2026.
The company reiterates that total common shares issued and outstanding were 487,065,702 as of August 12, 2026. It also discloses that Chief Financial Officer Katharyn Field resigned on August 27, 2026 for personal reasons, with CEO Grady Ryther serving as interim CFO during the search for a permanent successor. Operationally, Advasa highlights continued rollout of its FUKUPE earned wage access platform, a new feature enabling USDC payments via the ADVASA Visa card, and plans to explore real-world asset tokenization and international expansion.
Advasa Holdings, Inc. (ADBT) is updating its prospectus to cover the resale of up to 94,046,357 shares of common stock by existing stockholders in connection with its direct listing on Nasdaq. The supplement attaches a Form 8-K describing an upgrade to the ADVASA Visa card to support USD Coin (USDC) payments alongside fiat currency, integrated with the FUKUPE earned wage access platform. Advasa also reports plans to explore potential opportunities in the real-world assets (RWA) sector as an extension of its financial technology and payment infrastructure.
Advasa Holdings, Inc. (ADBT) announced that its ADVASA Visa card now supports seamless payments using USD Coin (USDC) in addition to traditional fiat currency. The upgrade builds on the company’s FUKUPE Earned Wage Access platform, which provides employees instant access to already earned wages via bank accounts, prepaid cards, and digital wallets.
Advasa states that expanding digital payment options like USDC could help improve financial inclusion, particularly in markets with limited traditional financial infrastructure. The company also plans to explore potential opportunities in the real-world assets (RWA) sector as a possible extension of its financial technology and payment infrastructure, and references quantum-resilient technology in connection with this expansion.
Advasa Holdings, Inc. (ADBT) filed a prospectus supplement updating its resale registration covering up to 94,046,357 shares of common stock for stockholders in connection with its direct listing on the Nasdaq Global Market. The supplement incorporates a Form 8-K reporting leadership changes.
On August 27, 2026, Chief Financial Officer Katharyn Field resigned for personal reasons, and the company states her resignation was not due to any dispute with the company, its management, or its board. Chief Executive Officer Grady Ryther is serving as Interim Chief Financial Officer while a search for a permanent successor is underway.
Advasa Holdings, Inc. (ADBT) reported a leadership change in its finance function. On August 27, 2026, Katharyn Field resigned as Chief Financial Officer and principal financial and accounting officer, stating that her resignation was for personal reasons and not due to any dispute or disagreement with the company, its management, or its board of directors. The company has begun a search for a new Chief Financial Officer. Until a permanent successor is appointed, Chief Executive Officer Grady Ryther will also serve as Interim Chief Financial Officer and principal financial and accounting officer, effective immediately.
Advasa Holdings, Inc. (ADBT) reports that Uemura Holdings Co., Ltd., a Japan-based entity, has filed as a significant shareholder. Uemura Holdings beneficially owns 28,732,860 shares of Advasa common stock, representing 5.90% of the outstanding class, based on 487,065,702 common shares outstanding.
Uemura Holdings has sole voting and sole dispositive power over all 28,732,860 shares, with no shared voting or dispositive authority. The filing is signed by Yoshitada Uemura as Representative Director and CEO of Uemura Holdings Co., Ltd.
Advasa Holdings, Inc. (ADBT) has filed a prospectus supplement No. 2 covering the resale of up to 94,046,357 shares of common stock, par value $0.00001 per share, by existing stockholders identified in a prior prospectus, in connection with its direct listing on the Nasdaq Global Market.
The supplement incorporates the company’s Form 8-K dated August 25, 2026, which announces the successful direct listing of Advasa’s common stock on Nasdaq under the ticker “ADBT” and furnishes an accompanying press release. Advasa is described as a fintech payment holding company focused on Earned Wage Access and next-generation financial infrastructure, operating through its Japanese subsidiary ADVASA Co., Ltd.
Advasa Holdings, Inc. (ADBT) reported that its common stock completed a direct listing on the Nasdaq Global Market on August 25, 2026, trading under the ticker “ADBT.” The company operates as a fintech payment holding company focused on Earned Wage Access through its Japanese subsidiary ADVASA Co., Ltd.
The registration statement on Form S-1 for this public direct listing was declared effective by the SEC on August 11, 2026. WestPark Capital, Inc. served as financial advisor and Anthony, Linder & Cacomanolis, PLLC acted as securities counsel in connection with the listing.
Advasa Holdings, Inc. (ADBT) has a major shareholder disclosure from Tatsuya Akimoto on Schedule 13D. Akimoto reports beneficial ownership of 135,454,900 shares of Advasa common stock, representing 27.81% of the 487,065,702 shares stated as outstanding in a recent quarterly report.
The shares were received on August 29, 2025 under a share exchange agreement in which Advasa Holdings acquired 96.6% of Advasa Co., Ltd. from its shareholders, including Akimoto, in exchange for Advasa shares. He holds sole voting and dispositive power over all reported shares. Akimoto states he may buy or sell additional shares depending on business, financial, market, and other factors but currently discloses no specific plans for mergers, major asset sales, board changes, or other control-related transactions.