M&A - UPAY

Form Type: 10-K

Filing Date: 2025-06-02

Corporate Action: Acquisition

Type: New

Accession Number: 000157587225000377

Filing Summary: UPAY, Inc. completed several significant acquisitions prior to the filing date. Notably, on June 20, 2024, UPAY acquired a controlling interest in AML GO (Pty) Ltd, enhancing its capabilities in compliance software. Additionally, on June 5, 2024, UPAY acquired full ownership of Huntpal LLC, which enables the company to expand its offerings in the adventure travel sector. The report outlines the company's business operations, focusing on providing loan administration software and compliance solutions primarily in the South African market. It details strategic operational changes, including the closure of the U.S. sales office to focus on Southern Africa while exploring U.S. expansion opportunities. The financial specifics include an estimated total of $21.4 billion in revenue from related services in the U.S. and the company's mission to enable effective credit management in compliance with applicable laws. As of June 2, 2025, UPAY had 16,595,211 shares outstanding, showcasing its active market presence.