AIRWA INC. (YYAI): Nasdaq/NYSE listing notice — Connexa Sports gets Nasdaq notice for independent director non-compliance after board resignations

AIRWA INC.

Nasdaq notified Connexa on Jan 12, 2023 that it fails independent director, audit committee, and compensation committee rules due to resignations of Gabriel Goldman and Rohit Krishnan on Nov 17, 2022.
Company must submit a compliance plan by Feb 27, 2023; if accepted, Nasdaq may grant an extension of up to 180 days from Jan 12.
Connexa already faces multiple other Nasdaq listing deficiencies: failure to file FY 2022 10-K, two quarterly reports, and bid price below $1.00 for 30 consecutive days.
No immediate effect on listing; common stock continues trading under CNXA on Nasdaq Capital Market.

item 3.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

AIRWA INC. received a nasdaq deficiency notice notice regarding audit committee (rules 5605(c)(2)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: audit committee
Rules: 5605(c)(2)

Exact text from the filing

January 12, 2023, the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notified Connexa Sports Technologies Inc. (the “Company”) that due to the resignations of Gabriel Goldman and Rohit Krishnan from the Company’s board of directors, audit committee and compensation committee on November 17, 2022, the Company no longer complies with Nasdaq’s independent director, audit committee and compensation committee requirements as set forth in Listing Rule (i) 5605(b)(1) which requires that a majority of the board of directors be composed of “independent directors” as defined

View on SEC.gov

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

AIRWA INC. received a nasdaq deficiency notice notice regarding board independence (rules 5605(b)(1), 5605(d)(2)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: board independence
Rules: 5605(b)(1), 5605(d)(2)

Exact text from the filing

January 12, 2023, the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notified Connexa Sports Technologies Inc. (the “Company”) that due to the resignations of Gabriel Goldman and Rohit Krishnan from the Company’s board of directors, audit committee and compensation committee on November 17, 2022, the Company no longer complies with Nasdaq’s independent director, audit committee and compensation committee requirements as set forth in Listing Rule (i) 5605(b)(1) which requires that a majority of the board of directors be composed of “independent directors” as defined

View on SEC.gov

20 listing & compliance notices filed in the last 30 days. Browse all listing & compliance notices →

AIRWA INC. filing history →

Source: SEC EDGAR

accession 0001493152-23-001557

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