Readvantage Corp. (RADC), a Nevada-based digital reading and API platform, reports early-stage growth but significant financial strain for the year ended June 30, 2026. Subscription-based API services generated $47,763 in revenue, up from $12,966 in 2025, but the company recorded a larger net loss of $106,371 versus $48,407 the prior year.
Total assets were $97,296, largely website development costs, against liabilities of $229,878, leaving a stockholders’ deficit of $132,582 and no cash on hand at year-end. Operations were funded mainly by a non‑interest‑bearing director loan of $217,878, with capacity up to $400,000. Management discloses substantial doubt about continuing as a going concern and plans to seek additional equity or debt financing. Internal controls over financial reporting were deemed ineffective due to material weaknesses, with remediation constrained by limited resources. The stock is not listed on any exchange, and as of September 22, 2026, 5,447,400 common shares were outstanding after cancellation of 1,500,000 shares voluntarily surrendered by the controlling officer.
Readvantage Corp. (RADC) reports that its board unanimously approved the cancellation and retirement of 1,500,000 restricted common shares previously held by officer and 5%+ shareholder Ilona Andzejevska. The shares were voluntarily surrendered to the company for no consideration and delivered to the transfer agent for cancellation.
The action was carried out under Nevada law and the company’s governing documents. It did not involve issuing any new securities, paying any consideration, or result in a change in control. After this cancellation, 5,447,400 shares of common stock were issued and outstanding, as confirmed by the transfer agent.
Readvantage Corp. (RADC) reported that its President, Treasurer, CEO, CFO and director, Andzejevska Ilona, voluntarily surrendered 1,500,000 shares of common stock to the company on September 3, 2026, for an aggregate price of US$0.00. Following this disposition, she directly holds 3,000,000 shares of Readvantage common stock.
The transaction is classified as an “other acquisition or disposition” and was not made under a Rule 10b5-1 trading plan.
Readvantage Corp. announced that its Board of Directors appointed David Gaertner and David Mutina as new directors effective July 2, 2026. Both bring technology-focused backgrounds, with Gaertner in business development and operations and Mutina in project management and technology operations.
They will serve on the Board until a successor is elected or they resign or are removed under the Company’s governing documents. The company states there are no related-party transactions, special appointment arrangements, or family relationships involving either director, and no board committee roles or compensatory arrangements have been established at the time of appointment.