secwatch.observer — SEC 8-K summary
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Issuer:     AIRWA INC. (YYAI)
CIK:        0001674440
Form:       8-K
Filed at:   2023-12-18T23:59:59+00:00
Accession:  0001493152-23-045284
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Connexa Sports receives Nasdaq delisting notice for bid price deficiency
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1674440/000149315223045284/0001493152-23-045284-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1674440/000149315223045284/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-045284

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