# EDGAR Filing Document

**Accession Number:** 0002093582
**File Stem:** 0001753926-25-001818
**Filing Date:** 2025-11
**Character Count:** 17565
**Document Hash:** a3a6c4172c7560aa4e019e15fff880c2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001753926-25-001818.hdr.sgml**: 20251118

**ACCESSION NUMBER**: 0001753926-25-001818

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20251118

**DATE AS OF CHANGE**: 20251118

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Earlyworks Co., Ltd.
- **CENTRAL INDEX KEY:** 0001944399
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-COMPUTER PROGRAMMING SERVICES [7371]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 000000000
- **STATE OF INCORPORATION:** M0
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-94389
- **FILM NUMBER:** 251496386

**BUSINESS ADDRESS:**
- **STREET 1:** 3F MR BUILDING, 5-7-11 UENO
- **STREET 2:** TAITO-KU
- **CITY:** TOKYO
- **STATE:** M0
- **ZIP:** 110-0005
- **BUSINESS PHONE:** 81 03-5614-0978

**MAIL ADDRESS:**
- **STREET 1:** 3F MR BUILDING, 5-7-11 UENO
- **STREET 2:** TAITO-KU
- **CITY:** TOKYO
- **STATE:** M0
- **ZIP:** 110-0005
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** North York Ltd
- **CENTRAL INDEX KEY:** 0002093582

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** W7
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 007 EMILY HOUSE
- **STREET 2:** 1105 LEEWARD HIGHWAY
- **CITY:** PROVIDENCIALES
- **PROVINCE COUNTRY:** W7
- **ZIP:** TKCA1ZZ
- **BUSINESS PHONE:** 649-331-4175

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 007 EMILY HOUSE
- **STREET 2:** 1105 LEEWARD HIGHWAY
- **CITY:** PROVIDENCIALES
- **PROVINCE COUNTRY:** W7
- **ZIP:** TKCA1ZZ

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 1)**

**Earlyworks Co., Ltd.**

*(Name of Issuer)*

**American Depositary Shares, each representing 5 Ordinary Shares, no par value per share**

*(Title of Class of Securities)*

**27030F202**

*(CUSIP Number)*

**Ashwood Leon Forbes**<br>007 Emily House, 1105 Leeward Highway<br>P.O. Box 666<br>Providenciales W7 TKCA1ZZ<br>649-331-4175

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**11/14/2025**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **27030F202** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**North York Ltd** | Name of reporting person<br>**North York Ltd** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**WC** | Source of funds (See Instructions)<br>**WC** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**W7** | Citizenship or place of organization<br>**W7** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**801091.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**801091.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**801091.00** | Aggregate amount beneficially owned by each reporting person<br>**801091.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**4.9%** | Percent of class represented by amount in Row (11)<br>**4.9%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

**Comment for Reporting Person:** This constitutes an exit filing for the reporting person. The amounts listed in rows 8, 10 and 11 represent ordinary shares, no par value per share, of the issuer (''Ordinary Shares''), which are represented by American Depositary Shares of the issuer (''ADSs''), and such amounts and the percentage in row 13 are based on 3,050,570 ADSs, representing 15,252,852 Ordinary Shares, outstanding as of the date of this Amendment No. 1 to Statement on Schedule 13D (this "Amendment No. 1"), as verified with the issuer. As more fully described in Item 5 of this Amendment No. 1, beneficial ownership consists of an aggregate of 801,091 Ordinary Shares issuable in any combination upon the exercise of certain Ordinary Share purchase warrants (the ''Warrants'') and pre-funded Ordinary Share purchase warrants (the ''Pre-Funded Warrants'') held directly by the reporting person, which exercises are subject to a 4.99% beneficial ownership limitation provision (the ''Blocker''). Each ADS represents five Ordinary Shares.

| **CUSIP No.** | **27030F202** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Ashwood Leon Forbes** | Name of reporting person<br>**Ashwood Leon Forbes** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X0** | Citizenship or place of organization<br>**X0** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**801091.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**801091.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**801091.00** | Aggregate amount beneficially owned by each reporting person<br>**801091.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**4.9%** | Percent of class represented by amount in Row (11)<br>**4.9%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** This constitutes an exit filing for the reporting person. The amounts listed in rows 8, 10 and 11 reflect Ordinary Shares represented by ADSs, and such amounts and the percentage in row 13 are based on 3,050,570 ADSs, representing 15,252,852 Ordinary Shares, outstanding as of the date of this Amendment No. 1, as verified with the issuer. As more fully described in Item 5 of this Amendment No. 1, beneficial ownership consists of an aggregate of 801,091 Ordinary Shares issuable in any combination upon the exercise of certain Warrants and Pre-Funded Warrants held indirectly by the reporting person, which exercises are subject to a 4.99% Blocker. Each ADS represents five Ordinary Shares.

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
American Depositary Shares, each representing 5 Ordinary Shares, no par value per share

**(b) Name of Issuer:**
Earlyworks Co., Ltd.

**(c) Address of Issuer's Principal Executive Offices:**
5-7-11, Ueno, Taito-ku, Tokyo, M0, 110-0005

Each of the Reporting Persons (as defined below) is filing this Amendment No. 1 to the Statement on Schedule 13D filed by the Reporting Persons with the U.S. Securities and Exchange Commission ("SEC") on October 27, 2025 (the "Schedule 13D") in order to update each of the Reporting Person's beneficial ownership information on the cover pages and in Items 3, 4, 5 and 6 of the Schedule 13D, and to indicate that each of the Reporting Persons has ceased to be the beneficial owner of more than five percent of the outstanding Ordinary Shares and ADSs. This Amendment No. 1 constitutes an exit filing for each of the Reporting Persons. Capitalized terms used but not defined herein shall have the meanings attributed to them in the Schedule 13D. Except as otherwise set forth herein, this Amendment No. 1 does not modify any of the information previously reported by each of the Reporting Persons in the Schedule 13D.

**Item 4. Purpose of Transaction**

Item 4 of the Schedule 13D is hereby amended and restated as follows:

The disclosure in Item 3 of this Amendment No. 1 with respect to the Purchaser Warrants, the Option Agreement and the Option is incorporated herein by reference.

North York acquired the securities described in this Amendment No. 1 in connection with the Offering and each of the Reporting Persons intends to review North York's investments in the issuer on a continuing basis. Any actions that each of the Reporting Persons might undertake may be made at any time and from time to time without prior notice and will be dependent upon their review of numerous factors, including, but not limited to: an ongoing evaluation of the issuer's business, financial condition, operations and prospects; price levels of the issuer's securities; general market, industry and economic conditions; the relative attractiveness of alternative business and investment opportunities; and other future developments.

Pursuant to the Purchase Agreements, the Investors (including North York) were granted the right to require the issuer to sell to them up to an aggregate of $2,080,000 of ADSs at a per ADS price of $2.08 and Warrants to purchase up to an additional 1,000,000 ADSs, representing 5,000,000 Ordinary Shares, exercisable at $2.72 per ADS, in the Second Closing and on the same terms and conditions as the Initial Closing, subject to the issuer's ability to comply with applicable Japanese laws regarding the Second Closing. On November 15, 2025, pursuant to the Assignment Agreement, North York assigned such right of participation to a third party investor.

Pursuant to the Purchase Agreements, in connection with each annual or special meeting of shareholders of the issuer (and any adjournment, postponement, rescheduling or continuation thereof) occurring after the Initial Closing at which directors of the issuer are to be elected (each, a "Shareholder Meeting"), the issuer was required to include two individuals designated by North York (each, a "Nominee") as nominees for election to the board of directors of the issuer (the "Board") in its proxy statement (or similar materials) and proxy card in respect of such Shareholder Meeting, and the Board was required to recommend to the shareholders of the issuer the election of such Nominees at such Shareholder Meeting in the same manner as it recommends the election of the issuer's other director nominees. The issuer was required to hold a Shareholder Meeting no later than 30 days from the closing of the Offering, and on November 14, 2025, the issuer held a Shareholder Meeting and recommended to its shareholders that it elect two Nominees designated by North York to the Board. North York was also granted the right to nominate a replacement director in the event that a current director of the issuer ceases to be a such a director for any reason, subject to certain exceptions, and to require the Board to appoint such nominee as a new director within 30 days of such new vacancy.

In addition, pursuant to the Purchase Agreements and the Acquisition Term Sheet (as defined in and attached to the Purchase Agreements), the issuer is required to use reasonable best efforts to use the funds obtained from the Offering to consummate the Acquisition (as defined in the Purchase Agreements) of all of the equity interests of a third party entity (the "Target") as promptly as practicable in consideration for (i) the issuance to the Target of 19.99% of the outstanding Ordinary Shares at the closing of the Acquisition and additional securities of the issuer upon the achievement of certain milestones, and (ii) granting the Target the right to designate additional Board members and executive officers of the issuer prior to and upon shareholder approval of the Acquisition at a Shareholder Meeting, at which approval of the Acquisition and such issuances must also occur. Pursuant to the Acquisition Term Sheet, the issuer and the Investors, including North York, intend for the issuer to merge with the Target and then consummate a subsequent acquisition transaction by the end of 2025 pursuant to which $3,000,000 of restricted Ordinary Shares may be issued, excluding securities to be issued for advisory services in connection therewith. Pursuant to the Purchase Agreements, the issuer is required to enter into definitive documentation for the Acquisition no later than November 30, 2025, and in the event that an Acquisition does not occur by November 30, 2025, the issuer must consult with the Nominees to determine how such Offering funds will be used.

Each of the Reporting Persons may acquire additional securities of the issuer, or retain or sell all or a portion of the securities then held, in the open market or in privately negotiated transactions. In addition, other than as described above, each of the Reporting Persons may engage in discussions with management, the Board and other securityholders of the issuer and other relevant parties or encourage, cause or seek to cause the issuer or such persons to consider or explore extraordinary corporate transactions, such as: a merger, reorganization or take-private transaction that could result in the de-listing or de-registration of the ADSs; sales or acquisitions of assets or businesses; changes to the capitalization or dividend policy of the issuer; or other material changes to the issuer's business or corporate structure, including changes in management or the composition of the Board. To facilitate their consideration of such matters, each of the Reporting Persons may retain consultants and advisors and may enter into discussions with potential sources of capital and other third parties. Each of the Reporting Persons may exchange information with any such persons pursuant to appropriate confidentiality or similar agreements. In connection with the Purchase Agreements, the Reporting Persons will likely take some of the foregoing steps.

**Item 5. Interest in Securities of the Issuer**

**(a)**
See the responses to rows 11 and 13 on the cover pages of this Amendment No. 1 for each of the Reporting Persons. The aggregate number of Ordinary Shares and the percentages of Ordinary Shares reported as beneficially owned by North York and Mr. Forbes are based on 3,050,570 ADSs, representing 15,252,852 Ordinary Shares, outstanding, as verified by the issuer.

**(b)**
See responses to rows 7, 8, 9 and 10 on the cover pages of this Amendment No. 1 for each of the Reporting Persons.

**(c)**
Except as set forth in Item 3 of this Amendment No. 1, no Reporting Person has, to the best of each Reporting Person's knowledge, engaged in any transaction with respect to the Ordinary Shares or ADSs during the sixty days prior to the date of filing this Amendment No. 1.

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

The disclosure in Items 3 and 4 of this Amendment No. 1 with respect to the Purchaser Warrants, the Option Agreement and the Purchase Agreements is incorporated herein by reference. Other than as described herein, there are no contracts, arrangements, understandings or relationships between any of the Reporting Persons and any other person, with respect to the securities of the issuer required to be disclosed in this Item 6. Except as described in Item 6 of this Amendment No. 1, the information contained in "Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer" of the Schedule 13D is not being amended by this Amendment No. 1.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** North York Ltd

**Signature:** /s/ Ashwood Leon Forbes

**Name/Title:** Ashwood Leon Forbes, Director

**Date:** 11/18/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Ashwood Leon Forbes

**Signature:** /s/ Ashwood Leon Forbes

**Name/Title:** Ashwood Leon Forbes

**Date:** 11/18/2025