Advasa Holdings holder plans 97.4M-share surrender
Kosugi would receive no cash, securities or other consideration, while completion remains subject to documentation, any necessary approvals and transfer agent procedures.
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Rhea-AI Filing Summary
Advasa Holdings, Inc. (ADBT) said its largest stockholder, Mr. Asamitsu Kosugi, intends to surrender 97,413,140 shares for no consideration, representing approximately 20% of the company’s total outstanding common stock. If completed, those shares will cease to be outstanding, reducing outstanding common stock by approximately 20%, assuming no other changes in the number of outstanding shares.
The proposed forfeiture and cancellation have not been completed. Completion remains subject to finalization of required documentation, any necessary corporate approvals, and completion of applicable transfer agent procedures.
8-K Event Classification
Key Figures
Key Terms
Earned Wage Access (EWA) technical
transfer agent procedures financial
outstanding common stock financial
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
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Item 7.01 Regulation FD Disclosure.
On October 22, 2026, Advasa Holdings, Inc. (the “Company”) issued a press release announcing that Mr. Asamitsu Kosugi, the Company’s largest stockholder, has expressed his intention to surrender to the Company, for no consideration, 97,413,140 shares of the Company’s common stock, representing approximately 20% of the Company’s total outstanding common stock as of the date of this report. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
The information in this Item 7.01 and Exhibit 99.1 furnished hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits.
| (d) | Exhibits |
| 99.1 | Press Release, dated October 22, 2026 | |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL) |
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: October 22, 2026 | Advasa Holdings, Inc. | |
| By: | /s/ Grady Ryther | |
| Name: | Grady Ryther | |
| Title: | Chief Executive Officer | |
Exhibit 99.1
ADVASA Announces Proposed Share Forfeiture by Largest Stockholder
Proposed cancellation would reduce outstanding common stock by approximately 20%
TOKYO and NEW YORK – Advasa Holdings, Inc. (Nasdaq: ADBT) (“ADVASA” or the “Company”), a fintech payment holding company delivering Earned Wage Access (“EWA”) and financial infrastructure solutions, today announced that Mr. Asamitsu Kosugi, the Company’s largest stockholder, has expressed his intention to surrender to the Company, for no consideration, 97,413,140 shares of the Company’s common stock, representing approximately 20% of the Company’s total outstanding common stock.
Proposed Forfeiture
Under the transaction, Mr. Asamitsu Kosugi, the Company’s largest stockholder, has advised The Company that he will surrender the shares without receiving cash, securities or other consideration from the Company. Following completion of the surrender and cancellation, the surrendered shares will cease to be outstanding. 97,413,140 shares will be surrendered and cancelled. The cancellation will reduce the Company’s outstanding common stock by approximately 20%, assuming no other changes in the number of outstanding shares.
Conditions for Completion
The proposed forfeiture and cancellation have not been completed. Completion remains subject to finalization of the required documentation, any necessary corporate approvals and completion of the applicable transfer agent procedures. There can be no assurance as to the timing or completion of the proposed transaction.
About ADVASA
Advasa Holdings, Inc. is a fintech company dedicated to delivering financial well-being to all workers. The company operates an Earned Wage Access (EWA) platform that allows employees to access their earned wages in real time. Leveraging a global patent strategy, it has established a robust intellectual property foundation across markets such as Japan, the United States, and South Korea. By seamlessly integrating with major HR/payroll systems and diverse payment infrastructures, including bank transfers and digital wallets, ADVASA plans to expand into global markets where the demand for financial inclusion is rapidly growing, such as Indonesia and the UAE.
Forward-Looking Statements
All statements in this press release of ADVASA and its subsidiaries that are not based on historical fact are forward-looking statements. These statements are intended to fall within the forward-looking statement provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, to the extent applicable. In particular, the words “estimates,” “believes,” “expects,” “intends,” “plans,” “anticipates,” “may,” “would,” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements are identified by such words. In this press release, forward-looking statements relate, among other things, to Mr. Kosugi’s intention to surrender shares, the terms, timing and completion of the proposed forfeiture and cancellation, the expected reduction in outstanding common stock, the resulting changes in proportionate ownership interests, and the Company’s business and expansion plans. These statements are based on current expectations and assumptions and are subject to significant risks, uncertainties and other factors, many of which are outside the Company’s control, that could cause actual results to differ materially from those expressed or implied. Such risks and uncertainties include, but are not limited to, changes to the proposed transaction or Mr. Kosugi’s intentions; the ability to finalize the required documentation and obtain any necessary corporate approvals; delays in, or failure to complete, the surrender and transfer agent procedures; changes in the Company’s outstanding share count; applicable legal and regulatory requirements; and the risks described in the Risk Factors sections of the Company’s filings with the Securities and Exchange Commission (“SEC”). Copies of these documents are available on the SEC’s website at www.sec.gov. Readers should not place undue reliance on forward-looking statements. ADVASA undertakes no obligation to update these statements after the date of this press release, except as required by law.
Contacts
ADVASA Investor Relations
Email: ir@advasa.co.jp
Website: https://adbt.io/
Investor Relations: https://ir.adbt.io
X: @AdvasaHoldings (https://x.com/AdvasaHoldings)