Perpetuals.com Ltd (PDC) is a foreign issuer security, so its SEC record is centered on Form 6-K current reports and annual reports on Form 20-F rather than the standard domestic issuer filing pattern. These filings are important for understanding the company’s financial statements, shareholder approvals, governance actions, capital-structure changes, litigation disclosures, and material agreements.
PDC filings have documented shareholder meeting results, including approval of financial statements and a reduction of stated capital. The company has also filed 6-K reports covering a judicial settlement in litigation brought by certain shareholders, operating and financial results, and exhibits describing corporate developments. For a company with a fintech and market-infrastructure focus, these filings help connect product announcements with formal regulatory disclosure.
Perpetuals.com Ltd’s SEC materials also provide context for its business identity. Filings identify the company as formerly known as Earlyworks Co., Ltd., described as a Japanese provider of blockchain technology solutions. Later exhibits discuss UpsideOnly, the company’s trading and market prediction platform, and an agreement involving tokenized commodity assets for trading on the Perpetuals platform, targeting PM MTF Ltd.
Key filing topics for PDC include Form 6-K material-event reports, Form 20-F annual reporting, shareholder voting matters, capital-structure disclosure, governance matters, operating and financial results, material agreements, and foreign-issuer disclosures. These records are central for evaluating how Perpetuals.com Ltd reports its transition into AI-powered trading products, prediction markets, and regulated trading infrastructure.
Perpetuals.com Ltd reported the results of its Extraordinary General Meeting of shareholders held on April 30, 2026 in Tokyo. Shareholders approved a resolution to reduce the company’s stated capital, referred to as Resolution One.
A total of 8,402,172 votes, representing approximately 36.81% of the votes exercisable as of the March 27, 2026 record date, were present in person or by proxy. Resolution One received 8,319,502 votes for, 81,540 votes against and 1,130 abstentions, meaning the capital reduction was approved by a large majority of participating shareholders.
Perpetuals.com Ltd called its eighth ordinary shareholders meeting for July 24, 2026 in Tokyo, asking investors to approve Japanese GAAP financial statements for the year ended April 30, 2026. Under non‑consolidated Japanese GAAP, net sales were 245 million yen and the company recorded a net loss of 433 million yen, with operating and ordinary losses also widening versus the prior year.
The company completed private placement financings totaling about US$7.08 million in October and November 2025 and issued multiple stock option series to support future growth. On January 20, 2026 it acquired all shares of Perpetual Markets Ltd., making it a wholly owned subsidiary, and changed its name from Earlyworks Co., Ltd. to Perpetuals.com Ltd., positioning the group to expand from blockchain solutions into AI‑driven trading and prediction markets.
Management highlights a much stronger balance sheet at April 30, 2026, with total assets of 904 million yen and net assets of 802 million yen, supported by large capital surplus and stock option value despite ongoing losses. The filing stresses that these Japanese GAAP, non‑consolidated figures are provided solely to comply with Japanese Companies Act requirements and may differ from forthcoming consolidated U.S. GAAP results that will be included in the Form 20‑F.
Perpetuals.com Ltd reported rapid early traction for its new UpsideOnly trading and prediction platform and announced a tokenization agreement with Datavault AI Inc.
In its first two weeks, UpsideOnly attracted more than 30,000 active users from 185 countries, generating $4.5 billion in cumulative trading volume across 186,000 fills and 25 instruments. Gold led activity with $1.4 billion in volume, ahead of bitcoin at $1.2 billion, with precious metals making up roughly 35% of total platform activity.
UpsideOnly lets users make market predictions and share in profits validated by Perpetuals’s proprietary BayesShield AI without risking their own money. Perpetuals also signed a Mutual Services Agreement with Datavault AI to list tokenized commodity programs on its exchange, initially covering the MTB Copper project and targeting more than $328 million in combined issuance across future commodity tokens.
Perpetuals.com Ltd Amendment No. 1 updates beneficial ownership: Strategic EP, LLC (and Alexander Chase Deitch as manager) is reported as beneficial owner of 2,291,783 Ordinary Shares, representing 9.99% of Ordinary Shares outstanding based on 22,828,812 Ordinary Shares as of March 31, 2026.
The filing states these amounts reflect (i) 435,964 ADSs (representing 2,179,820 Ordinary Shares), plus up to 22,392 ADSs issuable upon exercise of pre-funded warrants and warrants constrained by a 9.99% beneficial ownership limitation. Mr. Deitch may be deemed to beneficially own the Shares of Strategic as its manager.
Perpetuals.com Ltd reporting persons filed an Amendment No. 1 to a Schedule 13G/A to state they have ceased to be beneficial owners of more than five percent of the ordinary shares. The filing reports 795,620 ordinary shares beneficially owned, equal to 3.45% of 22,828,812 ordinary shares outstanding as of March 31, 2026.
The filing lists holdings via American Depositary Shares and warrants and characterizes this submission as an exit filing for Eadwacer Holdings, LLC and Christopher Finn under Rule 13d-1(k).
Perpetuals.com Ltd director Hilmer Michael Anthony bought more American depositary shares of the company in the open market. He purchased a total of 4,000 American depositary shares (ADS) in three open-market transactions at prices between $7.97 and $8.20 per ADS. After these purchases, he directly owns 4,000 ADS. Each ADS represents five ordinary shares of Perpetuals.com Ltd with no par value.
Perpetuals.com Ltd reports that it has now fully completed the share issuance to the shareholders of Perpetual Markets Ltd. This issuance was carried out under the previously disclosed Share Exchange Agreement dated December 28, 2025. The company also confirms that the transfer of the equity consideration under that agreement is complete.
Perpetuals.com Ltd reported a sharp contraction in activity for the six months ended October 31, 2025, with revenue falling to JPY 124,023,848 (about USD 805,088) from JPY 224,983,635 a year earlier and net loss widening to JPY 149,573,866 (USD 970,943). Software and system development revenue declined significantly, partly offset by growth in consulting and solution services. The company raised about USD 5.0 million in an October 2025 private placement, boosting total cash and restricted cash to JPY 698,415,369 (USD 4.53 million) and increasing shareholders’ equity to JPY 592,309,147 (USD 3.84 million), restoring compliance with Nasdaq equity rules. Management nonetheless discloses substantial doubt about the company’s ability to continue as a going concern, citing ongoing operating losses and dependence on future financings. Perpetuals also closed a share-exchange deal for Perpetual Markets Ltd., rebranded to Perpetuals.com, and is repositioning from blockchain solutions toward AI-driven multi-asset trading and prediction markets.
Perpetuals.com Ltd has extended its proprietary BayesShield AI technology from financial markets into healthcare with a new product called BayesShield Clinical.
The system does not diagnose patients. It analyzes hospital and clinic data to identify which physicians show statistically strong diagnostic patterns for specific case types, helping providers route complex cases, structure second opinions, and design training.
Perpetuals is partnering with the European Institute of Management (EIM), which will work with hospitals on pilot deployments, trial design, and academic oversight through its PhD in Healthcare Studies program. BayesShield was originally trained on over 11.7 billion retail trades and is now being applied to reduce diagnostic errors and unnecessary medical services.
Perpetuals.com Ltd held an Extraordinary General Meeting on March 30, 2026, where shareholders approved all proposals, including a partial amendment to the articles of incorporation and board changes. A total of 9,831,162 votes, representing approximately 64.47% of exercisable votes as of December 30, 2025, were cast.
Shareholders approved transitioning from a “Company with Board of Statutory Auditors” to a “Company with Statutory Auditor,” effective March 31, 2026. They elected Brandon J. Williams and Kohichi Goto as directors and Jason D. Sawyer as statutory auditor. Several auditors and a director resigned for non-disagreement reasons, and Matthew Nicoletti was appointed Chief Strategy Officer and executive director effective March 30, 2026.