Vertoz Limited has informed the Exchange about Incorporation
VERTOZ · price
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Vertoz Limited's stepdown subsidiary AdNet Holdings Inc has incorporated three new wholly-owned subsidiary companies in New Jersey, USA: Adokut LLC, Admeridian LLC, and Hueads LLC, all on 2nd May 2025. All three are newly formed entities with nil turnover and have not yet commenced business operations. They will operate in the online digital advertising services space, focused on buying and selling digital advertising. The incorporations were done without any fund infusion, as permitted under New Jersey LLC formation laws. AdNet Holdings is itself a wholly-owned subsidiary of Vertoz Inc, which is a wholly-owned subsidiary of Vertoz Limited.
This is a routine internal restructuring move to set up US-based digital advertising vehicles. Since the entities are newly formed with no operations or revenue yet, there is no immediate financial impact on shareholders, though it signals continued expansion focus in the US digital advertising market.