AIRWA INC. (YYAI): Nasdaq/NYSE listing notice — Nasdaq notifies Connexa of stockholders' equity deficiency; equity at -$11.7M

AIRWA INC.

Received Nasdaq letter on July 26, 2023 for failing minimum $2.5M stockholders' equity requirement.
Stockholders' equity as of Jan 31, 2023 was approx. -$11.7 million.
Company also has ongoing bid price non-compliance (below $1) and previous hearing conditions.
Panel will consider this new deficiency; company must respond by Aug 2, 2023.
Company may consider reverse stock split to regain compliance with bid price rule.

item 3.01

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 stockholders equity (rules 5550(b)(1)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: stockholders equity
Rules: 5550(b)(1)

Exact text from the filing

least $2.5 million (the “ Minimum Stockholders’ Equity Requirement ”). As reported in its Form 10-Q, the Company’s stockholders’ equity as of January 31, 2023 was approximately $(11.7) million. In addition, the Company did not meet the alternatives of listed securities or net income from continuing operations as of the date of the Letter. According to the

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AIRWA INC. filing history →

Source: SEC EDGAR

accession 0001493152-23-026217

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