secwatch.observer — SEC 8-K summary
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Issuer:     AIRWA INC. (YYAI)
CIK:        0001674440
Form:       8-K
Filed at:   2023-01-17T23:59:59+00:00
Accession:  0001493152-23-001557
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1674440/000149315223001557/0001493152-23-001557-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1674440/000149315223001557/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-001557

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