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Advasa updates 94M-share resale as CFO quits

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.

(Neutral)
(Neutral)
Form Type
424B3

Rhea-AI Filing Summary

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.

Positive

  • None.

Negative

  • Chief Financial Officer resignation: Katharyn Field resigned as CFO and principal financial and accounting officer effective August 27, 2026, creating a key finance leadership vacancy while the company conducts a search for a successor.
  • CEO dual role as interim CFO: Chief Executive Officer Grady Ryther is temporarily serving as Interim Chief Financial Officer, concentrating top leadership roles in one individual until a new CFO is appointed.
Shares registered for resale 94,046,357 shares of common stock Resale by registered stockholders in connection with Advasa’s direct listing on Nasdaq
Common Stock par value $0.00001 per share Par value of Advasa Holdings, Inc. common stock covered by the resale registration
CFO resignation date August 27, 2026 Effective date when Chief Financial Officer Katharyn Field resigned
Form 8-K and prospectus supplement date September 2, 2026 Date of the Form 8-K and date of the prospectus supplement incorporating it
direct listing market
"in connection with our direct listing (the “Direct Listing”) on the Nasdaq Global Market"
A direct listing is a way for a company to become publicly available for trading without issuing new shares or raising additional money beforehand. Instead, existing shares are simply made available for purchase on the stock market, allowing current investors and employees to sell their holdings. This process can offer a simpler and faster way for a company to go public, giving investors quicker access to buy and sell shares.
prospectus supplement regulatory
"This prospectus supplement No. 3 amends and supplements the prospectus"
A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.
emerging growth company regulatory
"Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
Nasdaq Global Market market
"in connection with our direct listing on the Nasdaq Global Market"
The Nasdaq Global Market is a section of the stock exchange where larger, well-established companies are listed and publicly traded. It functions like a marketplace where investors can buy and sell shares of these companies, providing them with access to capital and opportunities for growth. Its role is important because it helps investors identify and invest in reputable companies with strong financial backgrounds.
Offering Type secondary

FAQ

What does Advasa Holdings, Inc. (ADBT) register in this prospectus supplement?

Advasa Holdings, Inc. updates its prospectus for the resale of up to 94,046,357 shares of common stock by existing registered stockholders in connection with its direct listing on the Nasdaq Global Market.

Is the 94,046,357-share offering for Advasa Holdings (ADBT) primary or resale?

The filing relates to the resale of up to 94,046,357 shares of common stock by registered stockholders, in connection with Advasa Holdings, Inc.’s direct listing on the Nasdaq Global Market.

What executive change did Advasa Holdings, Inc. (ADBT) disclose on September 2, 2026?

Advasa Holdings, Inc. disclosed that its Chief Financial Officer, Katharyn Field, resigned effective August 27, 2026, for personal reasons and not due to any dispute or disagreement with the company, its management, or its board of directors.

Who is serving as interim CFO at Advasa Holdings, Inc. (ADBT)?

Grady Ryther, the Chief Executive Officer of Advasa Holdings, Inc., is serving as the company’s Interim Chief Financial Officer and principal financial and accounting officer until a permanent successor is appointed.

What risk disclosure does Advasa Holdings, Inc. (ADBT) highlight for this offering?

The company states that investing in its common stock involves a high degree of risk and directs investors to the “Risk Factors” section in the prospectus for a detailed discussion of material investment risks.

On which exchange is Advasa Holdings, Inc. (ADBT) listed and under what symbol?

Advasa Holdings, Inc.’s common stock, par value $0.00001 per share, is listed on The Nasdaq Stock Market LLC under the trading symbol ADBT.

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Learn about SEC filing dates

 

Filed pursuant to Rule 424(b)(3)

Registration No. 333-292013

 

Prospectus Supplement No. 3

(To Prospectus dated August 11, 2026)

 

94,046,357 Shares of Common Stock

 

 

Advasa Holdings, Inc

 

This prospectus supplement No. 3 amends and supplements the prospectus dated August 11, 2026, as updated and supplemented by prospectus supplement No. 1 dated August 12, 2026 and prospectus supplement No. 2 dated August 25, 2026, filed by Advasa Holdings, Inc. (the “Company,” “we,” “us,” “our,” or “ours”), relating to the resale of up to 94,046,357 shares of our common stock with a par value of $0.00001 per share (the “Common Stock”) by our stockholders identified in the prospectus (the “Registered Stockholders”) in connection with our direct listing (the “Direct Listing”) on the Nasdaq Global Market (“Nasdaq”).

 

The foregoing prospectus, together with this prospectus supplement are collectively referred to as the “prospectus.” Please keep this prospectus supplement with your prospectus for future reference.

 

This prospectus supplement is being filed to update and supplement the information in the prospectus with the information contained in our Periodic Report filed with the Securities and Exchange Commission on September 2, 2026 (the “Periodic Report”). Accordingly, we have attached the Periodic Report to this prospectus supplement.

 

This prospectus supplement is not complete without the prospectus, including any supplements and amendments thereto. This prospectus supplement should be read in conjunction with the prospectus which is to be delivered with this prospectus supplement. This prospectus supplement is qualified by reference to the prospectus, except to the extent that the information in this prospectus supplement updates or supersedes the information contained in the prospectus, including any supplements and amendments thereto.

 

Investing in our Common Stock involves a high degree of risk. Before buying any shares, you should carefully read the discussion of the material risks of investing in our Common Stock under the heading “Risk Factors” in this prospectus.

 

Neither the Securities and Exchange Commission (the “SEC”) nor any state securities commission has approved or disapproved of these securities or passed on the adequacy or accuracy of this prospectus. Any representation to the contrary is a criminal offense.

 

Capitalized terms contained in this prospectus supplement have the same meanings as in the prospectus unless otherwise stated herein.

 

The date of this prospectus is September 2, 2026

 

 

 

 

Index of SEC Filings

 

The following report listed below is filed as a part of this prospectus supplement No. 3.

 

Appendix

No.

  Description
     
Appendix 1   Periodic Report on Form 8-K filed with the Securities and Exchange Commission on September 2, 2026.

 

 

 

 

Appendix 1

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

Date of report (Date of earliest event reported):

September 2, 2026 (August 27, 2026)

 

ADVASA HOLDINGS, INC.

(Exact Name of Registrant as Specified in Its Charter)

 

Delaware

(State or Other Jurisdiction of Incorporation)

 

001-43445   39-3819559

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

1-2-7 Moto-Akasake, Minato-ku, Tokyo, Japan   107-0051
(Address of Principal Executive Offices)   (Zip Code)

 

+81-3-6868-5538

(Registrant’s Telephone Number, Including Area Code)

 

N/A

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbols   Name of each exchange on which registered
Common Stock, par value $0.00001   ADBT   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

 

Emerging growth company ☒

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

 

 

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

Resignation of Chief Financial Officer

 

On August 27, 2026, Katharyn Field, the Chief Financial Officer (principal financial and accounting officer) of Advasa Holdings, Inc. (the “Company”), formally resigned her position as Chief Financial Officer (principal financial and accounting officer) and advised the Company that her resignation was due to personal reasons and not a result of any dispute or disagreement with the Company, its management, or its board of directors.

 

Appointment of Interim Chief Financial Officer

 

The Company has commenced a search for a new Chief Financial Officer (principal financial and accounting officer). In the meantime, Mr. Grady Ryther, the Company’s Chief Executive Officer, will serve as the Company’s Interim Chief Financial Officer (principal financial and accounting officer), effective immediately, until a permanent successor is appointed. 

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Dated: September 2, 2026 Advasa Holdings, Inc.
     
  By: /s/ Grady Ryther
  Name:  Grady Ryther
  Title: Chief Executive Officer

 

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