EARLYWORKS CO. SP.ADR/5 ADR

Earlyworks has acquired Perpetual Markets, rebranded as Perpetuals.com and will use the Nasdaq ticker symbol PDC going forward. The combined company offers blockchain-based settlement and self-clearing solutions for regulated trading venues with its Kronos X product and plans to launch its own multilateral trading systems in Europe from 2026, as well as tokenized products and options. Perpetuals has more liquid assets than debt and a current ratio of 1.83; Patrick Gruhn was named co-CEO and Matthew Nicoletti was appointed to the board of directors. » More on de.investing.com

Earlyworks shareholders at the extraordinary general meeting voted down the issuance of subscription shares for the takeover of PrimeDelta Corp. (112,890 yes to 9,541,155 no). At the same meeting five other resolutions were approved, including the issuance of stock options and warrants in connection with a private placement and amendments to the articles of association. Jason D. Sawyer and Michael Hilmer were elected as independent directors; their appointments took effect on 15 November. Earlyworks also completed a second closing of the October private placement and generated total proceeds of USD 2.08 million from the sale of pre-funded warrants. » More on de.investing.com

Earlyworks has convened an extraordinary general meeting in Tokyo for 14 November 2025 at which shareholders will vote on approvals for possible share issuances. The approvals are intended to give the company flexibility for a potential future acquisition of PrimeDelta Corp., although no concrete takeover has been agreed at this time. Over the past twelve months Earlyworks reported revenue of 4.83 million USD, a negative EBITDA of 7.55 million USD, a current ratio of 3.05 and low debt of 0.95 USD; revenue fell 11.94% year on year. » More on de.investing.com