---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-001557"
form_type: "8-K"
ticker: "YYAI"
cik: "0001674440"
company_name: "AIRWA INC."
filed_at: "2023-01-17T23:59:59+00:00"
generated_at: "2026-06-20T14:46:33.862278+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Connexa Sports gets Nasdaq notice for independent director non-compliance after board resignations

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-23-001557
- form_type: 8-K
- ticker: YYAI
- cik: 0001674440
- company_name: AIRWA INC.
- filed_at: 2023-01-17T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1674440/000149315223001557/0001493152-23-001557-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1674440/000149315223001557/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-001557
- JSON: https://secwatch.observer/filing/0001493152-23-001557.json
- Plain text: https://secwatch.observer/filing/0001493152-23-001557.txt

## Key facts
- Listing & Compliance Notices
  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)
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1674440/000149315223001557/0001493152-23-001557-index.htm
- Listing & Compliance Notices
  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)
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1674440/000149315223001557/0001493152-23-001557-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.