, ,

HTFL’s Client Earlyworks Co., Ltd. Successfully Closed its Initial Public Offering

July 27, 2023

Ying Li

Guillaume de Sampigny

On July 27, 2023, Earlyworks Co., Ltd. (the “Company”), a Japanese company operating its proprietary private blockchain technology, Grid Ledger System, closed 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. The Company received aggregate gross proceeds of US$6.00 million from the Offering, before deducting underwriting discounts and other related expenses.

The Company’s ADSs commenced trading on the Nasdaq Capital Market on July 25, 2023 under the ticker symbol “ELWS.”

Hunter Taubman Fischer & Li LLC (“HTFL”) acted as counsel to the Company. HTFL is a boutique law firm specializing in corporate, commercial, and securities transactions, cross-border financing, immigration and taxation. Our team of lawyers works together so our clients can benefit from astute business experience and sophisticated legal solutions.