Advasa Holdings, Inc. Provides Update on Direct Listing and Shareholder Communication

Advasa Holdings, Inc. Updates Shareholders

Advasa Holdings, Inc. (Nasdaq: ADBT), which operates through its Japanese subsidiary ADVASA Co., Ltd., provides earned wage access (EWA) services and next-generation financial infrastructure solutions. Since the listing of its common stock on the Nasdaq Global Market on August 25, 2026, the company has addressed shareholder inquiries regarding its corporate structure, equity status, and future outlook.

Direct Listing

On August 25, 2026, ADVASA’s common stock commenced trading on the Nasdaq Global Market through a direct listing process. It's important to clarify that this method does not involve capital gains from underwriting, as no new stocks were issued or sold by the company in association with this listing, and ADVASA has not received any funds from it.

Resale Registration of Shares

The company has filed a resale prospectus concerning up to 94,046,357 shares of common stock that existing shareholders may sell at their discretion. These shares are already owned and do not represent newly issued equitities. Therefore, it remains at the shareholder’s discretion whether to sell, as ADVASA cannot control the timing, price, or occurrence of such sales.

Shareholder Holdings

According to Schedule 13D filed with the SEC on August 18, 2026, the largest shareholder, Masamitsu Kosugi, holds a substantial 232,638,232 shares of ADVASA, representing approximately 47.76 percent of the total shares outstanding. Records confirm that from the date of trading commencement to September 9, 2026, Mr. Kosugi has not sold any stocks either publicly or privately.

Pledges and Trading Plans

As of September 9, 2026, there are no pledges or margin loans associated with Mr. Kosugi's holdings, and no hedging or securities lending agreements have been established. The information provided reflects the historical status as of the recorded dates and does not imply any commitments for future transactions.

Total Outstanding Shares

Based on the latest Form 10-Q filed for the quarter ending June 30, 2026, the total number of ADVASA's outstanding common shares stands at 487,065,702, consistent with prior counts. The resale registration merely facilitates opportunities for existing shareholders to execute sales—they do not create or increase the outstanding shares.

Management Transition

As announced in Form 8-K submitted on September 2, 2026, the Chief Financial Officer, Katharyn Field, resigned on August 27, 2026, citing personal reasons not related to any disputes with the organization. Grady Ryther, the current Chief Executive Officer, has assumed the interim CFO role while the search for a permanent successor is underway.