Earlyworks Completes ADS Ratio Change

TL;DR

Earlyworks just did a 1-for-5 reverse ADS split, changing 1 ADS to represent 5 shares.

AI Summary

Earlyworks Co., Ltd. announced on May 16, 2024, the completion of its previously announced plan to change the ratio of its American Depositary Shares (ADSs) to ordinary shares. The ratio has been adjusted from one ADS representing one ordinary share to one ADS representing five ordinary shares, effectively a one-for-five reverse ADS split for ADS holders.

Why It Matters

This change in ADS ratio can impact the trading price and liquidity of the ADSs, potentially making them more attractive to a wider range of investors.

Risk Assessment

Risk Level: low — The filing is a routine announcement of a corporate action (ADS ratio change) and does not involve new financial risks or significant operational changes.

Key Numbers

• 1-for-5 — Reverse ADS Split Ratio (The new ratio means fewer ADSs will represent the same number of underlying ordinary shares.)

Key Players & Entities

• Earlyworks Co., Ltd. (company) — The company making the announcement.
• May 16, 2024 (date) — Date of the announcement and filing.
• one (1) ADS representing one (1) ordinary share (other) — Previous ADS to ordinary share ratio.
• one (1) ADS representing five (5) ordinary shares (other) — New ADS to ordinary share ratio.

FAQ

Filing Documents

• ea0206209-6k_early.htm (6-K) — 11KB
• ea020620901ex99-1_early.htm (EX-99.1) — 9KB
• 0001213900-24-044314.txt ( ) — 22KB

Forward-Looking Statements

Forward-Looking Statements This Form 6-K contains 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. Investors can find many (but not all) of these statements by the use of words such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may,” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the United States Securities and Exchange Commission. 1

SIGNATURES

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, thereunto duly authorized. Earlyworks Co., Ltd. Date: May 16, 2024 By: /s/ Satoshi Kobayashi Name: Satoshi Kobayashi Title: Chief Executive Officer and Representative Director (Principal Executive Officer) 2

View Full Filing

View this 6-K filing on SEC EDGAR