Form 8-K
8-K — Advasa Holdings, Inc.
Accession: 0001493152-26-041908
Filed: 2026-09-09
Period: 2026-09-02
CIK: 0002084227
SIC: 7372 (SERVICES-PREPACKAGED SOFTWARE)
Item: Regulation FD Disclosure
Item: Financial Statements and Exhibits
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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
2, 2026 (August 25, 2026)
ADVASA
HOLDINGS, INC.
(Exact
Name of Registrant as Specified in Its Charter)
Delaware
(State
or Other Jurisdiction of Incorporation)
001-43445
39-3819559
(Commission
File
Number)
(IRS
Employer
Identification
No.)
1-2-7
Moto-Akasake, Minato-ku, Tokyo, Japan
107-0051
(Address of Principal Executive
Offices)
(Zip Code)
+81-3-6868-5538
(Registrant’s
Telephone Number, Including Area Code)
N/A
(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 (see General Instruction A.2. below):
☐
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 pursuant to Section 12(b) of the Act:
Title
of each class
Trading
Symbols
Name
of each exchange on which registered
Common
Stock, par value $0.00001
ADBT
The
Nasdaq Stock Market LLC
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405)
or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging
growth company ☒
If
an emerging growth 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
7.01 Regulation FD Disclosure.
On
September 9, 2026, Advasa Holdings, Inc. (the “Company”) issued a press release announcing clarification to shareholders
regarding its direct listing, registered resale shares, largest shareholder ownership and management transition. A copy of the press
release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
The
information in this Item 7.01 and Exhibit 99.1 furnished hereto shall not be deemed “filed” for purposes of Section 18 of
the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section,
nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except
as expressly set forth by specific reference in such a filing.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits
99.1
Press Release, dated September 9, 2026
104
Cover
Page Interactive Data File (formatted as Inline XBRL)
1
SIGNATURES
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 9, 2026
Advasa Holdings, Inc.
By:
/s/ Grady
Ryther
Name:
Grady Ryther
Title:
Chief Executive Officer
2
EX-99.1
EX-99.1
Filename: ex99-1.htm · Sequence: 2
Exhibit
99.1
Advasa
Holdings, Inc.
4th
floor, Akasaka K Tower, 1-2-7 Moto-Akasaka
Minato-ku,
Tokyo, 107-0051 Japan
https://adbt.io/
ADVASA
Provides Clarification to Shareholders Regarding Its Direct Listing, Registered Resale Shares, Largest Shareholder Ownership and Management
Transition
TOKYO
and NEW YORK, September 9, 2026 – Advasa Holdings, Inc. (Nasdaq: ADBT) (“ADVASA” or the “Company”),
a fintech payment holding company providing Earned Wage Access (“EWA”) and next-generation financial infrastructure solutions
through its Japanese operating subsidiary ADVASA Co., Ltd., provided the following clarification in response to questions it has received
from shareholders since its common stock began trading on the Nasdaq Global Market on August 25, 2026. Except where otherwise noted,
the information below is drawn from the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”),
which are available at www.sec.gov and on the Company’s investor relations website at ir.adbt.io.
Direct
Listing
On
August 25, 2026, ADVASA’s common stock began trading on the Nasdaq Global Market by way of a direct listing. A direct listing is
not an underwritten, capital-raising offering. The Company did not issue or sell any shares of common stock in connection with the listing
and did not receive any proceeds from the listing.
Registered
Resale Shares
The
Company’s resale prospectus relates to up to 94,046,357 shares of common stock already held by existing stockholders, referred
to in the prospectus as registered stockholders, who may sell those shares from time to time. These are existing shares, not newly issued
shares, and the Company will not receive any proceeds from sales by the registered stockholders. The registered stockholders may, or
may not, elect to sell their shares, and the Company does not control whether, when, or at what price any such sales occur.
Registration
for resale permits potential future sales under applicable securities laws. Registration itself does not constitute a sale and does not,
by itself, indicate that a selling shareholder has sold, currently intends to sell, or is under any obligation to sell any shares.
Largest
Shareholder Ownership
As
previously disclosed in the Schedule 13D filed with the SEC on August 18, 2026, Mr. Asamitsu Kosugi, the Company’s largest
shareholder, beneficially owns 232,638,232 shares of ADVASA common stock, representing approximately 47.76% of the Company’s outstanding
common stock as reported therein.
Based
on records reviewed by the Company, ADVASA confirms that, from the commencement of trading on Nasdaq on August 25, 2026 through September
9, 2026, Mr. Kosugi:
●
has sold no shares of ADVASA common stock in open-market transactions;
●
has sold or transferred no shares through private or other transactions; and
●
continues to beneficially own 232,638,232 shares of ADVASA common stock, unchanged from the amount reported in his Schedule 13D.
No
Pledges, Hedging or Trading Plans
ADVASA
further confirms that, as of September 9, 2026, none of Mr. Kosugi’s shares are pledged as collateral or subject to any margin
loan, and that he has not entered into any hedging or securities lending arrangement with respect to his shares or adopted any trading
plan pursuant to Rule 10b5-1.
The
foregoing statements regarding Mr. Kosugi reflect historical facts as of the dates indicated and should not be interpreted as a commitment
regarding any future transaction or disposition.
Total
Shares of Common Stock Issued and Outstanding
As
reported in the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, the Company had 487,065,702
shares of common stock issued and outstanding as of August 12, 2026, the same number reported as of June 30, 2026. A resale registration
permits existing stockholders to sell shares they already own; it does not create new shares or increase the number of shares outstanding.
Management
Transition
As
disclosed in the Company’s Current Report on Form 8-K filed on September 2, 2026, Katharyn Field resigned as Chief Financial
Officer on August 27, 2026. Ms. Field advised the Company that her resignation was for personal reasons and was not the result of any
dispute or disagreement with the Company, its management, or its board of directors. Chief Executive Officer Grady Ryther is serving
as interim Chief Financial Officer while the Company searches for a permanent successor. The Company will announce the appointment once
it is finalized.
Business
Update
ADVASA’s
core product, FUKUPE, is a patented EWA platform that allows employees to access wages they have already earned in real time through
cashless settlement that integrates with employers’ existing HR and payroll systems and with bank transfers, digital wallets, and
prepaid cards. The platform is live in Japan, and the Company is currently preparing for market launches in Indonesia and the United
Arab Emirates. ADVASA’s intellectual property foundation spans markets including Japan, the United States, South Korea, and Singapore.
The Company’s operations have continued without interruption since the listing.
Since
the listing, the Company has continued to expand the payment capabilities available through its platform. On September 2, 2026, the Company
announced that its ADVASA Visa card now supports USD Coin (USDC) payments alongside traditional fiat currency, broadening the
ways FUKUPE users can access and use their earned wages. In the same announcement, ADVASA also announced its intention to explore opportunities
in tokenizing real-world assets (RWA) as an extension of its existing financial technology.
Shareholder
Communications
The
Company will communicate material developments through press releases and SEC filings, and through its official investor channels, including
its investor relations website (ir.adbt.io), its verified Stocktwits account, and its X account (@AdvasaHoldings). Shareholder
inquiries may be directed to ir@advasa.co.jp. The Company does not comment on the stock price or trading activity in its common
stock or on the actions of individual market participants, and it cannot discuss information that has not been publicly disclosed.
About
ADVASA
Advasa
Holdings, Inc. is a fintech payment holding company incorporated in Delaware. It operates “FUKUPE,” an Earned Wage Access
(“EWA”) platform that allows employees to receive wages they have already earned in real time. Through a global patent strategy,
ADVASA has established an intellectual property foundation across markets including Japan, the United States, South Korea, and Singapore.
By seamlessly integrating with major HR and payroll systems and diverse payment infrastructure, including bank transfers and e-wallets,
ADVASA aims to build on its business in Japan and expand into overseas markets such as Indonesia and the UAE, where demand for financial
inclusion is rapidly growing.
Forward-Looking
Statements
Certain
statements in this announcement are forward-looking statements. All statements other than statements of historical fact are forward-looking
statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current
expectations and projections about future events that the Company believes may affect its financial condition, results of operations,
business strategy and financial needs.
These
forward-looking statements include, but are not limited to, statements regarding the direct listing, registered resale shares, the future
ownership, potential trading activity, disposition plans of the Company’s largest shareholder, Mr. Asamitsu Kosugi, the potential
impact of any future resale registration, the Company’s ongoing search for a permanent Chief Financial Officer, upcoming market
launches for the FUKUPE platform in Indonesia and the United Arab Emirates, and plans to explore real-world asset (RWA) tokenization
opportunities. Such forward-looking statements are subject to risks and uncertainties, including the potential for future sales or transfers
of shares by major stockholders, the ability to identify and onboard a qualified permanent Chief Financial Officer, the potential future
sales of common stock by registered/existing stockholders from time to time, changes in the number of outstanding shares of common stock,
the risk that historical trading patterns or ownership structures may not predict future behaviors, expectations regarding the trading
of its common stock on the Nasdaq Global Market, market volatility on Nasdaq, the Company’s expansion plans into global markets
(including Indonesia and the UAE), its commitment to building long-term shareholder value through disciplined execution, continued innovation,
and sustainable growth, potential delays or regulatory hurdles in launching the FUKUPE platform in new international jurisdictions, and
the inherent volatility or technical challenges associated with expanding into digital assets and tokenized financial solutions. Investors
can identify these forward-looking statements by words or phrases such as “may,” “could,” “will,”
“should,” “would,” “expect,” “plan,” “aim,” “intend,” “anticipate,”
“believe,” “estimate,” “predict,” “likely,” “potential,” “project,”
or “continue,” or the negative of these terms or other comparable terminology. The Company undertakes no obligation to publicly
update or revise any forward-looking statements to reflect subsequent events or circumstances, except as required by law.
Although
the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot guarantee that such
expectations will prove correct. Investors are encouraged to review the risks, uncertainties and other factors that may affect the Company’s
future results identified in the Company’s registration statement on Form S-1, as amended (File No. 333-292013), declared effective
by the SEC on August 11, 2026, the Company’s Form 10-Q for the quarter ended June 30, 2026 filed with the SEC on August 12, 2026,
and subsequent disclosure documents the Company may file with the SEC. The Company claims the protection of the Safe Harbor contained
in the Private Securities Litigation Reform Act of 1995 for forward-looking statements.
Contacts
ADVASA Investor Relations
Email:
ir@advasa.co.jp
Website:
https://adbt.io/
X: @AdvasaHoldings (https://x.com/AdvasaHoldings)
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