Earlyworks Co., Ltd. Completes Private Placement Offering

On October 15, 2025, Earlyworks Co., Ltd. completed a private placement offering, selling pre-funded warrants and ordinary warrants to purchase up to 2,403,847 American Depositary Shares (ADSs) for a total purchase price of $5,000,001.76. The pre-funded warrants were immediately exercisable, while the ordinary warrants expire on October 9, 2030. The company received net cash proceeds of approximately $4.33 million, which will be used for expenses related to the offering and to acquire 100% of Prime Delta Corp. The company also entered into various agreements, including a Placement Agency Agreement with Alexander Capital L.P., Securities Purchase Agreements with investors, and Registration Rights Agreements. The offering was exempt from registration under the Securities Act of 1933.