Readvantage Corp. Cancels 1.5M Restricted Common Shares

What Happened
Readvantage Corp. filed an 8‑K on September 4, 2026 disclosing that on September 3, 2026 its Board unanimously approved the cancellation and retirement of 1,500,000 restricted common shares. The shares were voluntarily surrendered to the company by Ilona Andzejevska (an officer and a holder of more than 5% of the company), delivered to the transfer agent, and cancelled in accordance with Nevada law and the company’s governing documents. The company did not issue any securities or pay any consideration, and the action did not result in a change in control. After the cancellation the transfer agent confirmed 5,447,400 shares of common stock issued and outstanding.

Key Details

• Board approval date: September 3, 2026; Form 8‑K filed September 4, 2026.
• Number of shares cancelled and retired: 1,500,000 restricted common shares.
• Shareholder surrendering the shares: Ilona Andzejevska (officer and >5% owner); surrendered voluntarily for no consideration.
• Outstanding common shares after cancellation: 5,447,400 (confirmed by transfer agent); no securities issued and no change in control.

Why It Matters
The cancellation reduces the company’s outstanding share count, which can affect per‑share metrics (e.g., earnings per share) and the percentage ownership of remaining shareholders. Because the shares were surrendered voluntarily and no consideration was paid, this was not a cash buyback and has no immediate cash or debt impact on the company. Investors should update the company’s outstanding share count in their models and note there was no change in control or issuance of new securities.