Research analysts covering Perpetuals.com.
Recent press releases and 8-K filings for ELWS.
Perpetuals.com Ltd. Completes Acquisition, Rebrands, and Appoints New Leadership
ELWS
M&A
Management Change
New Projects/Investments
- Earlyworks Co., Ltd. completed its acquisition of Perpetual Markets Ltd. and rebranded as Perpetuals.com Ltd., with its Nasdaq ticker symbol changing to PDC, effective January 20, 2026.
- The acquisition involved an upfront cash payment of US$3.5 million, with an additional US$11.5 million to be satisfied through financing warrants and a future capital raise.
- Patrick Gruhn was appointed Co-Chief Executive Officer, and Matthew Nicoletti joined the Board of Directors as chair of the Compensation Committee, both effective January 16, 2026.
- The combined company develops software solutions, including Kronos X®, to merge traditional financial markets with blockchain-based crypto markets, targeting the multi-trillion-dollar global derivatives market.
Jan 23, 2026, 10:11 PM
Earlyworks Co., Ltd. Completes Private Placement Offering and Announces Acquisition
ELWS
M&A
New Projects/Investments
- Earlyworks Co., Ltd. completed a private placement offering on October 15, 2025, raising a total purchase price of $5,000,001.76.
- The offering included the sale of pre-funded warrants to purchase up to 2,403,847 American Depositary Shares (ADSs) at an exercise price of $0.0005 per ADS, and ordinary warrants to purchase up to 2,403,847 ADSs at an exercise price of $2.72 per ADS.
- The company received net cash proceeds of approximately $4.33 million from the initial closing, which it intends to use for offering expenses and to acquire 100% of the shares of Prime Delta Corp..
- Investors also have the right to require a subsequent closing for an additional $2,080,000 of ADSs and ordinary warrants for up to 1,000,000 ADSs.
Oct 21, 2025, 9:25 PM
Earlyworks Co., Ltd. Receives Final Nasdaq Extension to Regain Compliance
ELWS
Delisting/Listing Issues
- Earlyworks Co., Ltd. (ELWS) has been granted a final extension by the Nasdaq Hearings Panel until October 29, 2025, to regain compliance with Nasdaq Listing Rule 5550(b)(1).
- The company must achieve a minimum stockholders' equity of $2.5 million to comply with the rule.
- This extension is the end of the Panel's discretion, and failure to regain compliance by the deadline will result in the delisting of the company's securities from Nasdaq.
- Earlyworks' American Depositary Shares (ADSs) will remain listed and tradable on the Nasdaq Capital Market during this extension period.
Sep 23, 2025, 8:15 PM
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