• Upay completed a corporate reorganization around Petra Software, consolidating its software platform across Petra USA, Petra SA, and Acheron Systems.
• Petra USA, a wholly owned Florida unit, will hold a majority stake in Petra SA, which becomes the group’s South Africa development hub.
• Acheron Systems will become a wholly owned subsidiary of Petra SA, bringing software engineering and architecture capacity into the group structure.
• Wynand Jordaan will retain a 32% minority stake in Petra SA; the structure allows for additional shareholders and a future employee incentive pool.
• Upay expects the new structure to support US contracting via Petra USA, expand development capacity, and drive international software commercialization.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Upay Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202606301350PRIMZONEFULLFEED9754989) on June 30, 2026, and is solely responsible for the information contained therein.