ADVASA Announces Proposed Share Forfeiture by Largest Stockholder
Business Wire•22/10/2026•16:21 ET
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Key Highlights
- ➤97,413,140 shares proposed for forfeiture by largest stockholder Asamitsu Kosugi
- ➤Cancellation would reduce ADVASA (ADBT) outstanding common stock approximately 20%
- ➤Shares would be surrendered without cash, securities, or other consideration
- ➤Completion remains subject to documentation, approvals, and transfer-agent procedures
- ➤Transaction timing and completion are not assured
ADVASA Announces Proposed Share Forfeiture by Largest Stockholder
Proposed cancellation would reduce outstanding common stock by approximately 20%
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