AERWINS Technologies Inc.: Nasdaq/NYSE listing notice — AERWINS Technologies receives Nasdaq MVLS deficiency notice, 180-day cure period

AERWINS Technologies Inc.

On June 8, 2023, Nasdaq notified AERWINS that its Market Value of Listed Securities (MVLS) fell below the $50M minimum.
Company has until December 5, 2023, to regain compliance by achieving $50M MVLS for 10 consecutive business days.
Common stock continues trading on Nasdaq under ticker 'AWIN' with no immediate delisting effect.
AERWINS may consider transferring to the Nasdaq Capital Market if it fails to regain compliance.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

AERWINS Technologies Inc. received a nasdaq noncompliance notice notice regarding market value (rules 5450(b)(2)(A), 5810(c)(3)(c)).

Exchange: nasdaq
Notice: noncompliance notice
Deficiency: market value
Rules: 5450(b)(2)(A), 5810(c)(3)(c)

Exact text from the filing

June 8, 2023, AERWINS Technologies Inc., a Delaware corporation (the “Company”), received a notification letter (the “Notification Letter”) from The Nasdaq Stock Market, LLC (“Nasdaq”) that it is not in compliance with the minimum Market Value of Listed Securities (the “MVLS”) set forth in Nasdaq Listing Rule 5450(b)(2)(A) for continued listing on Nasdaq. Nasdaq Listing Rule 5450(b)(2)(A) requires listed securities to maintain a MVLS of $50,000,000, and Nasdaq Listing Rule 5810(c)(3)(c) provides that a failure to meet the minimum MVLS requirement exists if the deficiency continues for a period

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Source: SEC EDGAR

accession 0001493152-23-021050

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