What share cancellation did Readvantage Corp. (RADC) announce on September 3, 2026?

Readvantage Corp.’s board approved the cancellation and retirement of 1,500,000 restricted common shares that were voluntarily surrendered by officer and 5%+ shareholder Ilona Andzejevska for no consideration.

Did the Readvantage Corp. (RADC) share cancellation involve any payment by the company?

No. The 1,500,000 restricted shares were voluntarily surrendered to Readvantage Corp. for no consideration, and the cancellation did not involve any payment by the company.

Did the Readvantage Corp. (RADC) share cancellation change control of the company?

No. The company states that the cancellation and retirement of the 1,500,000 restricted shares did not result in a change in control of Readvantage Corp.

Readvantage cancels 1.5M shares at no cost

Q: How many Readvantage Corp. (RADC) shares are outstanding after the cancellation?

Following the cancellation, Readvantage Corp. had 5,447,400 shares of common stock issued and outstanding, as confirmed by the company’s transfer agent.

Q: Whose shares were cancelled in the Readvantage Corp. (RADC) transaction?

The cancelled 1,500,000 restricted common shares were held by Ilona Andzejevska, an officer and 5%+ shareholder of Readvantage Corp., who voluntarily surrendered them for no consideration.

Readvantage Corp. cancelled 1,500,000 restricted shares surrendered by a major insider, leaving 5,447,400 common shares outstanding.

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

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.

Positive

Cancellation of 1,500,000 restricted common shares for no consideration reduces shares outstanding to 5,447,400 without cash outflow or a change in control.

Negative

None.

8-K Event Classification

Item 8.01 — Other Events

1 item

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Key Figures

Restricted shares cancelled: 1,500,000 shares Shares outstanding after cancellation: 5,447,400 shares Cancellation consideration: $0 +1 more

4 metrics

Restricted shares cancelled 1,500,000 shares Restricted common shares surrendered and cancelled on September 3, 2026

Shares outstanding after cancellation 5,447,400 shares Common stock issued and outstanding following cancellation, confirmed by transfer agent

Cancellation consideration $0 Shares were voluntarily surrendered to the company for no consideration

Event approval date September 3, 2026 Date the board unanimously approved the share cancellation

Key Terms

restricted common shares, cancellation and retirement, emerging growth company

3 terms

restricted common shares financial

"approved the cancellation and retirement of 1,500,000 restricted common shares held"

Restricted common shares are company stock that cannot be freely sold or transferred until certain conditions are met, such as time-based vesting, performance targets, or regulatory clearance. For investors, they matter because they reduce the number of shares available to trade today but can increase supply later, affecting share price, liquidity and potential dilution — like a stash of coupons that can't be used until a future date.

cancellation and retirement financial

"approved the cancellation and retirement of 1,500,000 restricted common shares"

emerging growth company regulatory

"Emerging growth company [X] If an emerging 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.

FAQ

How many Readvantage Corp. (RADC) shares are outstanding after the cancellation?

Following the cancellation, Readvantage Corp. had 5,447,400 shares of common stock issued and outstanding, as confirmed by the company’s transfer agent.

Whose shares were cancelled in the Readvantage Corp. (RADC) transaction?

The cancelled 1,500,000 restricted common shares were held by Ilona Andzejevska, an officer and 5%+ shareholder of Readvantage Corp., who voluntarily surrendered them for no consideration.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/04/2026 - 02:48 PM Accepted by SEC EDGAR 09/04/2026 - 02:48 PM

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 3, 2026

Readvantage Corp.

(Exact name of registrant as specified in its charter)

Nevada

000-56797

32-0744491

(State or other jurisdiction of

incorporation or organization)

(Commission File Number)

(IRS Employer

Identification No.)

Giedraiciu St. 39, Vilnius, 09302, Lithuania

(Address of principal executive offices, zip code)

+1816-3276170

(Registrant’s telephone number, including area code)

(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:


[ ]	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 or to be registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
n/a	n/a	n/a

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

Emerging growth company [X]

If an emerging 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 8.01. other Events.

Cancellation of Shares

On September 3, 2026, the Board of Directors of Readvantage Corp. (the “Company”) unanimously approved the cancellation and retirement of 1,500,000 restricted common shares held by the officer and the 5%+ shareholder of the Company, Ilona Andzejevska. The shares were voluntarily surrendered to the Company for no consideration and delivered to the Company's transfer agent for cancellation and retirement. The cancellation and retirement were effected in accordance with applicable Nevada law and the Company's governing documents.

The cancellation did not involve the issuance of any securities or the payment of any consideration by the Company and did not result in a change in control of the Company.

Following the cancellation, the Company had 5,447,400 shares of common stock issued and outstanding, as confirmed by the Company’s transfer agent.

SIGNATURE

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 4, 2026

Readvantage Corp.

By:

/s/

Ilona Andzejevska

Name:

Ilona Andzejevska

Title:

President, Treasurer and Director

(Principal Executive, Financial and

Accounting Officer)

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

3 documents