◆ NeutralUPYY
UPAY Inc. Announces Petra Software Transaction
GlobeNewswire Inc.·
UPAY Inc. (OTCQB: UPYY) announced the completion of a restructuring transaction establishing Petra Software as its dedicated software development platform, with Petra USA (Florida-based, wholly owned by UPAY) holding majority interest in Petra SA (South Africa-based), while Acheron Systems becomes a wholly owned subsidiary of Petra SA. The structure aims to expand software development capacity, technology capabilities, and international commercialization opportunities, with founder Wynand Jordaan retaining a 32% minority interest in Petra SA.
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