---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-026217"
form_type: "8-K"
ticker: "YYAI"
cik: "0001674440"
company_name: "AIRWA INC."
filed_at: "2023-08-01T23:59:59+00:00"
generated_at: "2026-06-12T18:32:46.196176+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Nasdaq notifies Connexa of stockholders' equity deficiency; equity at -$11.7M

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-23-026217
- form_type: 8-K
- ticker: YYAI
- cik: 0001674440
- company_name: AIRWA INC.
- filed_at: 2023-08-01T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1674440/000149315223026217/0001493152-23-026217-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1674440/000149315223026217/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-026217
- JSON: https://secwatch.observer/filing/0001493152-23-026217.json
- Plain text: https://secwatch.observer/filing/0001493152-23-026217.txt

## Key facts
- Listing & Compliance Notices
  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)
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1674440/000149315223026217/0001493152-23-026217-index.htm

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