Recent Updates — ELWS

Perpetuals.com Ltd has convened an Extraordinary General Meeting of Shareholders for October 6, 2026, to approve significant corporate governance and capital changes. Proposal 1 seeks to transition the company from a statutory auditor structure to a three-committee system (Nominating, Compensation, and Audit) with outside director majorities. The meeting will also elect eight directors, including incumbent CEO Patrick Gruhn and Satoshi Kobayashi, and appoint Seiryu Audit Corporation as accounting auditor. Crucially, shareholders are asked to approve two equity issuances: Proposal 4 authorizes a third-party allotment of up to 7,650,000 ordinary shares to Alexander Capital L.P., with the subscription price set at not less than 80% of the 20-day VWAP of ADSs (minimum USD 1.50 per ADS), payable via debt contribution. Proposal 5 authorizes an allotment of up to 75,000 shares to Ashish Kapoor for accrued consulting fees, priced based on the closing ADR price on the Board's resolution date. These actions represent a strategic capital raise and governance overhaul. Perpetuals.com Ltd operates in the digital finance and blockchain technology sector.

Perpetuals.com Ltd reached a judicial settlement on July 17, 2026, resolving litigation filed in December 2023 by shareholders alleging Co-CEO Satoshi Kobayashi breached obligations regarding post-IPO share sales. The company paid JPY 20 million (approximately USD 122,000) to the plaintiffs on July 27, 2026, securing a release of all claims and the withdrawal of provisional attachments on its bank accounts. Perpetuals.com Ltd operates in the financial technology industry, providing perpetual futures trading platforms.

Perpetuals.com Ltd announced on July 14, 2026, that it has terminated its non-binding letter of intent regarding the potential acquisition of Alt5 Sigma Canada, Inc., a subsidiary of AI Financial Corporation. Perpetuals.com Ltd is a technology-based financial services company operating in the fintech-focused digital asset ecosystem.