---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-012721"
form_type: "8-K"
ticker: "YYAI"
cik: "0001674440"
company_name: "AIRWA INC."
filed_at: "2023-04-18T23:59:59+00:00"
generated_at: "2026-06-17T00:46:52.772116+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Nasdaq grants Connexa continued listing with strict deadlines; bid price non-compliance unresolved

## Summary
- On April 12, 2023, Nasdaq notified Connexa it failed to regain bid price compliance by April 10, 2023, triggering delisting proceedings.
- Nasdaq Hearings Panel granted continued listing subject to filing delinquent 10-K by May 31, 2023, and 10-Qs by June 30, 2023.
- Company must demonstrate compliance with independent director, audit, and compensation committee requirements by July 15, 2023.
- Panel has not yet ruled on extension until October 2023 for bid price rule; if denied, delisting remains possible.
- No assurance of timely filings or appointments; failure will lead to delisting from Nasdaq Capital Market.

## SEC filing metadata
- accession: 0001493152-23-012721
- form_type: 8-K
- ticker: YYAI
- cik: 0001674440
- company_name: AIRWA INC.
- filed_at: 2023-04-18T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 3.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1674440/000149315223012721/0001493152-23-012721-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1674440/000149315223012721/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-012721
- JSON: https://secwatch.observer/filing/0001493152-23-012721.json
- Plain text: https://secwatch.observer/filing/0001493152-23-012721.txt

## Key facts
- Listing & Compliance Notices
  AIRWA INC. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: minimum bid price
  - Rules: 5550(a)(2), 5810(c)(3)(A)
  source text: April 12, 2023, Nasdaq notified the Company that the Panel had granted the Company’s request for continued listing on the Nasdaq had been granted subject to the following: 1. On or before May 31, 2023, the Company shall file the delinquent Form 10-K for the year ended April 30, 2022, with the SEC; 2. On or before June 30, 2023, the Company shall file all delinquent Forms 10-Q with the SEC; 3. On or before July 15th, the Company will demonstrate compliance with Listing Rules 5605(b)(1), 5605(c)(2) and 5605(d)(2) (majority independent director, audit committee and compensation committee composit
  evidence_url: https://www.sec.gov/Archives/edgar/data/1674440/000149315223012721/0001493152-23-012721-index.htm

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