Earlyworks Completes Acquisition of Perpetual Markets and Rebrands as Perpetuals.com Ltd.
Earlyworks announced the completion of its acquisition of Perpetual Markets. Accordingly, the company has rebranded as Perpetuals.com Ltd. and its Nasdaq ticker symbol has changed to PDC, effective January 20, 2026. The transaction integrates Perpetual Markets into Earlyworks. Perpetuals.com Ltd., as the combined company will be known, develops software solutions that merge traditional financial markets with blockchain-based crypto markets. The core product is its exchange software suite, Kronos XR, which enables regulated trading venues - including European Multilateral Trading Facilities - to operate with 24/7 self-clearing and blockchain-based settlement technology. With Kronos X, regulated organized markets can now compete directly with crypto derivatives exchanges. Visit group.perpetuals.com for more information. The founders of Perpetuals pioneered regulatory-approved stock tokens and have now developed next-generation software to operate within the internet of finance in a regulated and compliant manner. Perpetuals also intends to operate its own Multilateral Trading Facilities in Europe later in 2026. It intends to launch new kinds of tokenized products, including pre-IPO contract and tokenized structured products and options. The combined business's proprietary technology enables not only the operation of regulated financial and crypto services on blockchain infrastructure. It also leverages Perpetuals' proprietary machine-learning system, trained on millions of retail trading data points, to help product issuers create innovative alternatives to the strictly regulated and often predatory Contract for Differences and perpetual futures markets. Perpetuals aims to disrupt these markets entirely with its AI-enhanced products. Ultimately, this is intended to protect retail users from losses in these historically unfair and unethical trading environments.
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Penny Stocks to Watch: Sonnet BioTherapeutics, Earlyworks Co., and Gryphon Digital Mining are highlighted as top penny stocks based on their significant Dollar Volume and recent stock price surges, with Sonnet's stock increasing by nearly 243% after a funding announcement.
Company Developments: Each company has made notable announcements; Sonnet completed a sale of convertible notes, Earlyworks is preparing for a shareholder meeting, and Gryphon is pursuing a merger with American Bitcoin, which has positively impacted their stock prices.
Stock Market News Coverage: Investors can find a comprehensive list of the latest stock market stories and headlines provided by TipRanks on Tuesday.
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Upcoming Shareholder Meeting: Earlyworks (ELWS) stock surged 78.42% after announcing a shareholder meeting on July 24, 2025, in Tokyo, where investors will vote on financial statements and board director elections.
Stock Performance and Analyst Rating: Despite the recent rally, ELWS shares have dropped 28.57% year-to-date. An AI analyst rates the stock as Neutral with a $2 price target, citing significant losses despite revenue growth.

Earlyworks Co., Ltd. Compliance Update: Earlyworks has received an extension from the Nasdaq Hearings Panel until September 19, 2025, to regain compliance with listing standards after failing to meet the minimum market value requirement for its securities.
Company's Strategic Plans: The company is pursuing compliance through an alternative standard that requires a minimum stockholders' equity of $2.5 million and is exploring strategic financing options while maintaining its American Depositary Shares listed on the Nasdaq during this period.

Financial Performance: Earlyworks Co., Ltd. reported a revenue increase of approximately JPY 170 million for the six months ending October 31, 2024, alongside a decrease in net loss by about JPY 74 million compared to the same period in 2023.
Strategic Developments: The company has focused on expanding its proprietary blockchain platform, the Grid Ledger System (GLS), and enhancing its organizational structure with new executive roles to drive growth in Web3-related businesses and improve customer value.

Business Alliance Announcement: Earlyworks Co., Ltd. has partnered with Service Innovation to integrate blockchain technology into the gourmet website "Yummeet!" to enhance transparency and trust in restaurant reviews and ratings, addressing issues of manipulation in existing platforms.
Market Potential and Future Development: The collaboration aims to revolutionize the gourmet platform by establishing a user-first rating system, rewarding contributions through blockchain incentives, and fostering community engagement, while capitalizing on the growing global blockchain market projected to reach approximately USD 404.1 billion by 2030.






