AIRWA INC. (YYAI): Nasdaq/NYSE listing notice — Connexa Sports receives Nasdaq delisting notice for bid price deficiency

AIRWA INC.

Nasdaq notice on Dec 12, 2023: bid price below $1.00 for 30 consecutive days, violating Listing Rule 5550(a)(2).
Company has 180 days (until June 10, 2024) to regain compliance by closing at $1.00+ for 10 consecutive days.
Also faces prior stockholders' equity deficiency (need $2.5M) with compliance deadline of Jan 22, 2024.
Failure to cure may lead to delisting; company may request a hearing before the Nasdaq Hearings Panel.
No assurance of regaining compliance with continued listing requirements.

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 0.99

AIRWA INC. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2)

Exact text from the filing

December 12, 2023, Connexa Sports Technologies Inc. (the “ Company ”) received a letter (“ Notice ”) from the Listing Qualifications Department (the “ Staff ”) of The Nasdaq Capital Market (“ Nasdaq ”) informing the Company that because the closing bid price for the Company’s common stock listed on Nasdaq was below $1.00 for 30 consecutive trading days, the Company is not in compliance with the minimum bid price requirement for continued listing on the Nasdaq as set forth in Nasdaq Listing Rule 5550(a)(2) (the “ Minimum Bid Price Requirement ”). In accordance with Nasdaq Marketplace Rule 5810(

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Source: SEC EDGAR

accession 0001493152-23-045284

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