Earlyworks Co Ltd

Earnings data Q1 2024

Earlyworks Co., Ltd. engages in providing blockchain-based technology solutions. It operates its proprietary private blockchain technology, Grid Ledger System (GLS), a hybrid blockchain that combines the technical advantages of blockchain technology and database technology, to leverage blockchain technology in various applications in a range of industries. It offers software and system development services and consulting and solution services. The company was founded by Satoshi Kobayashi and Hiroki Yamamoto on May 1, 2018 and is headquartered in Tokyo, Japan.

TOKYO, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Earlyworks Co., Ltd. (hereinafter “Earlyworks”, the “Company”, “we” or “us”) is actively promoting measures to strengthen its corporate governance system and enhance shareholder value. In November 2024, Earlyworks reinforced its management framework by establishing new positions for a Chief Operating Officer (COO) and a Chief Development Officer (CDO), for the purpose of bolstering the foundation that supports growth. We would like to present the future direction of our management strategy, considering the market environment in the blockchain industry and our business development policies.

Earlyworks Accelerates Innovation: Strengthened Organization and Strategies Aligned with Market Trends

TOKYO, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Earlyworks Co., Ltd. (Nasdaq: ELWS) (the “Company” or “Earlyworks”) announced today that it received a notification (the “Notice”) from the Listing Qualifications Department of the Nasdaq Stock Market LLC (“NASDAQ”) on October 29, 2024, indicating that the Company is not currently in compliance with the minimum Market Value of Listed Securities (“MVLS”) requirement as set forth in NASDAQ's continued listing standards for the Nasdaq Capital Market.

Earlyworks Co., Ltd. Received a Notification from NASDAQ Regarding Deficiency in Continued Listing Requirements

Earlyworks (NASDAQ: ELWS ) stock is rocketing higher on Tuesday as investors celebrate the company regaining listing compliance. With this, ELWS stock is no longer non-compliant with the minimum bid price required to remain on the Nasdaq Exchange.

ELWS Stock Alert: Why Are Shares of Earlyworks Up 153% Today?

TOKYO, June 17, 2024 (GLOBE NEWSWIRE) -- Earlyworks Co., Ltd. (NASDAQ: ELWS) (the “Company” or “Earlyworks”), a Japanese company operating its proprietary private blockchain technology, Grid Ledgers System (“GLS”), received a written notification (the “Notification Letter”) from the Nasdaq Stock Market, LLC (“Nasdaq”) informing the Company that it has regained compliance with the minimum bid price requirement for continued listing set forth in Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”).

Earlyworks Co., Ltd. Regains Compliance with Nasdaq Minimum Bid Price Requirement

TOKYO, May 31, 2024 (GLOBE NEWSWIRE) -- Earlyworks Co., Ltd. (Nasdaq: ELWS) (the “Company” or “Earlyworks”) (Head office: Taito-ku, Tokyo; CEO: Satoshi Kobayashi), a blockchain solution provider that deploys its high-speed proprietary blockchain technology Grid Ledger System (“GLS”), and ZenmuTech, Inc ("ZenmuTech") (Head Office: Chuo-ku, Tokyo; CEO: Yoshikazu Taguchi), which pursues data protection and data utilization through "secret splitting technology" that encrypts and manages information in various location, have collaborated to realize a secure digital society where users can utilize their data without concern about data leakage, hacking and tempering.

Earlyworks and ZenmuTech collaborate for a more secure digital society through secret splitting and blockchain

Providing a new business development scheme that leverages "DUALii" with cutting-edge technology utilizing Web3 Providing a new business development scheme that leverages "DUALii" with cutting-edge technology utilizing Web3

Earlyworks Co., Ltd., a blockchain technology provider, forms business alliance with Relic, a business co-creation company

TOKYO, May 16, 2024 (GLOBE NEWSWIRE) -- Earlyworks Co., Ltd. (Nasdaq: ELWS) (the “Company” or “Earlyworks”), a Japanese company operating its proprietary private blockchain technology, Grid Ledger System (“GLS”), previously announced the Company's plans to change the ratio of its American Depositary Shares (“ADSs”) to its ordinary shares from one (1) ADS, representing one (1) ordinary share, to one (1) ADS representing five (5) ordinary shares (the “ADS Ratio Change”). The ADS Ratio Change became effective on May 16, 2024 (the “Effective Date”).

Earlyworks Announces Completion of ADS Ratio Change

TOKYO, May 13, 2024 (GLOBE NEWSWIRE) -- Earlyworks Co., Ltd. (Nasdaq: ELWS) (the “Company” or “Earlyworks”), a Japanese company operating its proprietary private blockchain technology, Grid Ledger System (“GLS”), announced plans to change the ratio of its American Depository Shares (“ADSs”) to its ordinary shares from one (1) ADS, representing one (1) ordinary share, to one (1) ADS representing five (5) ordinary shares (the “ADS Ratio”). The change in the ADS Ratio is expected to become effective on or about May 16, 2024 (the “Effective Date”).

Earlyworks Announces Plan to Implement ADS Ratio Change

TOKYO, May 06, 2024 (GLOBE NEWSWIRE) -- Earlyworks Co., Ltd. (Nasdaq: ELWS) (the “Company” or “Earlyworks”), a Japanese company operating its proprietary private blockchain technology, Grid Ledger System (“GLS”), today announced that the Company received a staff determination letter (the “Letter”), on May 1, 2024, from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, due to the Company's failure to regain compliance with a minimum bid price of $1.00 per share requirement for continued listing on The Nasdaq Capital Market, as set forth in Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Requirement”), Nasdaq has determined (the “Determination”) that Company's securities will be scheduled for delisting from Nasdaq unless the Company requests an appeal of the Determination to a Hearings Panel (the “Panel”).

Earlyworks Co., Ltd. Announces Receipt of Nasdaq Delisting Determination and Plan to Request a Hearing before the Nasdaq Hearings Panel

TOKYO, May 01, 2024 (GLOBE NEWSWIRE) -- Earlyworks Co., Ltd. (NASDAQ: ELWS) (the “Company”), a Japanese provider of blockchain technology solutions, yesterday announced its financial results for the six months ended October 31, 2023.

Earlyworks Co., Ltd. Reports Financial and Operational Performance for the Six Months Ended October 31, 2023

Shares of Earlyworks Co. Ltd. skyrocketed in very active trading Wednesday, after the blockchain-technology company's co-founders disclosed increased ownership stakes.

Earlyworks' stock soars fivefold on massive volume as execs disclose ownership

Earlyworks (NASDAQ: ELWS ) stock is taking off on Wednesday after the blockchain-based technology company provided an update on stakeholders. The Japanese-based company revealed investments from two individuals that traders need to know about.

Why Is Earlyworks (ELWS) Stock Up 340% Today?

Tokyo, Japan, Jan. 10, 2024 (GLOBE NEWSWIRE) -- Earlyworks Co., Ltd. (Nasdaq: ELWS) (the “Company” or “Earlyworks”), a Japanese company operating its proprietary private blockchain technology, Grid Ledger System (“GLS”), today announced that it entered into a Memorandum of Understanding (“MOU”) with Social Finance Limited (“Social Finance”), an operator of the Web3 platform GuildQB, which is one of the largest blockchain gaming guilds in Japan, to jointly develop blockchain games. This represents a key initiative of the Company to leverage GLS in the gaming industry.

Earlyworks Co., Ltd. Entered into a Memorandum of Understanding with Social Finance Limited for Blockchain Game Development

Tokyo, Japan, Nov. 27, 2023 (GLOBE NEWSWIRE) -- Earlyworks Co., Ltd. (Nasdaq: ELWS) (the “Company” or “Earlyworks”), a Japanese company operating its proprietary private blockchain technology, Grid Ledger System (“GLS”), today announced that it has signed a Memorandum of Understanding (the “MOU”) with Pocket RD Inc. (“PocketRD”), a developer of 3D Avatar and Blockchain XR technology, to form a business alliance (the “Alliance”) with an aim to leverage the strengths of both companies and expand Earlyworks' market footprint.

Earlyworks Co., Ltd. Enters into Memorandum of Understanding with Pocket RD Inc. for Business Expansions in the “Phygital” Marketing Era

Tokyo, Japan, Nov. 20, 2023 (GLOBE NEWSWIRE) -- Earlyworks Co., Ltd. (Nasdaq: ELWS) (the “Company” or “Earlyworks”), a Japanese company operating its proprietary private blockchain technology, Grid Ledger System (“GLS”), today announced that it had signed a memorandum of understanding (“MOU”) with Pole to Win Vietnam (“PTW-V”), a quality verification provider, to enter into a business alliance (the “Alliance”) seeking to expand both parties' businesses by utilizing GLS and blockchain-related technology. PTW-V is an affiliate of Pole to Win Corporation, a provider of quality assurance debug testing, software quality testing, online support services, and testing services for products using blockchain technology comparable to Japanese third-party system verification. The Alliance aims to enhance the quality standards within the blockchain area for Web 3.0 businesses and startups.

Earlyworks Co., Ltd. Enters into Memorandum of Understanding with Pole to Win Vietnam to Access Blockchain Quality Assurance Market

Tokyo, Japan, Nov. 03, 2023 (GLOBE NEWSWIRE) -- Earlyworks Co., Ltd. (Nasdaq: ELWS) (the “Company” or “Earlyworks”), a Japanese company operating its proprietary private blockchain technology, Grid Ledger System (“GLS”), today announced that the Company received a notification letter (the “Notification Letter”) from the Listings Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”) on October 30, 2023, notifying the Company that it is not in compliance with the minimum bid price requirement as set forth under Nasdaq Listing Rule 5550(a)(2) for continued listing on Nasdaq. This press release is issued pursuant to Nasdaq Listing Rule 5810(b), which requires prompt disclosure upon the receipt of a deficiency notification.

Earlyworks Co., Ltd. Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency

Tokyo, Japan, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Earlyworks Co., Ltd. (Nasdaq: ELWS) (the “Company” or “Earlyworks”), a Japanese company operating its proprietary private blockchain technology, Grid Ledger System (“GLS”), today announced that Phase 1 of the System Development Kit (“SDK”) package for GLS (“SDK Phase 1”) has been launched after a year of development.

Earlyworks Co., Ltd. Launches Phase 1 of SDK Package for Grid Ledger System

Tokyo, Japan, Sept. 19, 2023 (GLOBE NEWSWIRE) -- Earlyworks Co., Ltd. (Nasdaq: ELWS) (the “Company” or “Earlyworks”), a Japanese company operating its proprietary private blockchain technology, Grid Ledger System (“GLS”), today announced that Phase 1 of the System Development Kit (“SDK”) package for GLS (“SDK Phase 1”) will be launched by the end of October 2023 after a year of development.

Earlyworks Co., Ltd. to Launch Phase 1 of SDK Package for Grid Ledger System

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A handful of small IPOs and one direct listing closed out the last full week of July. Aviation company Surf Air Mobility completed the first direct listing of 2023, opening 75% below its reference price to begin trading at $5.

U.S. IPO Weekly Recap: July Closes Out With 2023's First Direct Listing And A Wave Of Small IPOs

Tokyo, July 24, 2023 (GLOBE NEWSWIRE) -- Earlyworks Co., Ltd. (the “Company” or “Earlyworks”), a Japanese company operating its proprietary private blockchain technology, Grid Ledger System (“GLS”), today announced the pricing of its initial public offering (the “Offering”) of 1,200,000 American Depositary Shares (“ADSs”) at a public offering price of US$5.00 per ADS. Each ADS represents one ordinary share of the Company. The ADSs have been approved for listing on the Nasdaq Capital Market and are expected commence trading on July 25, 2023 under the ticker symbol “ELWS.”

Earlyworks Co., Ltd. Announces Pricing of Initial Public Offering

Earlyworks Co., Ltd. has filed proposed terms for a $6 million U.S. IPO. The firm is developing blockchain technologies for enterprise applications.

Earlyworks Proposes $6 Million U.S. IPO Plan

Earlyworks Co. Ltd. ELWS, , a Japanese blockchain company, set terms for its initial public offering on Friday with plans to offer 1.2 million American Depositary Shares priced at $4 to $6 each.

Japan's Earlyworks to offer 1.2 million ADS in IPO, priced at $4 to $6 each

Earlyworks Co., Ltd. has filed for a U.S. IPO. The company is developing blockchain and distributed ledger technologies for various applications.

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