AERWINS Technologies Inc.: Nasdaq/NYSE listing notice — AERWINS receives Nasdaq notice for failure to meet minimum MVPHS requirement

AERWINS Technologies Inc.

Received Nasdaq notification on Sept 8, 2023, for non-compliance with minimum Market Value of Publicly Held Shares (MVPHS) of $15M.
Deficiency based on MVPHS from July 27 to Sept 7, 2023; common stock continues trading under symbol AWIN.
Company has 180 calendar days, until March 6, 2024, to regain compliance; must have MVPHS >= $15M for 10 consecutive days.
May consider transferring to Nasdaq Capital Market, requiring application and $5,000 fee.

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)(C), 5810(c)(3)(D)).

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

Exact text from the filing

September 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 Publicly Held Shares (the “MVPHS”) set forth in Nasdaq Listing Rule 5450(b)(2)(C) for continued listing on Nasdaq. Nasdaq Listing Rule 5450(b)(2)(C) requires the minimum MVPHS of $15,000,000, and Nasdaq Listing Rule 5810(c)(3)(D) provides that a failure to meet the minimum MVPHS requirement exists if the deficiency continues for a period of 30 co

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Source: SEC EDGAR

accession 0001493152-23-032428

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