WB Burgers Asia, Inc.: management transactions · United States · SEC (Form 4)

About WB Burgers Asia, Inc.

WB Burgers Asia, Inc. (ticker: WBBA) is a U.S.-incorporated restaurant/franchise company whose SEC filings indicate its common stock was quoted on the OTC Markets Group Pink Open Market rather than on NYSE or NASDAQ. The company was originally incorporated in Nevada on August 30, 2019, and its strategy changed materially after it acquired WB Burgers Japan Co., Ltd. on September 14, 2021. Since that transaction, WB Burgers Asia has operated as a holding company focused on the Wayback Burgers brand in Japan, with a business model centered on franchise development rather than a broad company-owned store base.\n\nFrom an operating perspective, the company’s core asset is the Master Franchise Agreement held by its Japanese subsidiary. According to SEC disclosures, WB Burgers Japan has the rights to establish and operate Wayback Burgers restaurants in Japan and to license both affiliated and unaffiliated franchisees. The agreement also includes a right of first refusal for additional master franchise opportunities across several Asian markets, including Indonesia, Malaysia, the Philippines, Vietnam, China, India, Korea, Thailand, Singapore, and Taiwan. That makes the company’s growth story primarily regional and expansion-driven, with Asia as the strategic focus and the United States as the legal domicile and brand origin point.\n\nWB Burgers Asia’s headquarters/business address in SEC filings is in Minato-ku, Tokyo, underscoring that day-to-day management is based in Japan. In practical terms, the company is tied to an American burger concept, Wayback Burgers, but its commercial execution is concentrated in Japan, where it has worked to build brand awareness, open restaurants, and extend the concept through franchising. Recent company-related publicity in 2024 highlighted the opening of a Tokyo “Next Restaurant,” described as a multi-brand, plant-based concept, alongside domestic and international expansion plans. Other recent communications suggest a push to accelerate franchise development in Japan and use the market as a launch pad for broader Asian growth.\n\nCompetitively, WBBA is a small-cap, early-stage franchising story operating in a highly fragmented quick-service restaurant market. The company’s position is differentiated less by scale and more by brand transferability, local adaptation, and the ability to convert franchise rights into revenue. Its historical financial results, as reflected in SEC filings, show limited scale and a lack of consistent profitability, so the investment case is highly execution-dependent. For investors in French-speaking markets, the key themes are the potential of the Wayback Burgers brand in Asia, the optionality embedded in the broader regional rights, and the risks associated with a thinly traded OTC-listed security with a concentrated operating footprint.