---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-000337"
form_type: "8-K"
ticker: null
cik: "0001855631"
company_name: "AERWINS Technologies Inc."
filed_at: "2024-01-03T23:59:59+00:00"
generated_at: "2026-06-07T04:50:20.304999+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# AERWINS subsidiary A.L.I. files for bankruptcy in Japan; triggers default on $4.2M notes

## Summary
- AERWINS' indirect subsidiary A.L.I. Technologies filed for voluntary bankruptcy in Tokyo District Court on Dec 27, 2023.
- The bankruptcy triggers an event of default under $4.2M secured convertible notes issued to Lind Global Fund II LP.
- Lind Global may demand payment of 120% of outstanding principal or convert shares at a discount.
- A bankruptcy conference is set for Jan 5, 2024; trustee appointment to follow.

## SEC filing metadata
- accession: 0001493152-24-000337
- form_type: 8-K
- cik: 0001855631
- company_name: AERWINS Technologies Inc.
- filed_at: 2024-01-03T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.03, 2.04, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1855631/000149315224000337/0001493152-24-000337-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1855631/000149315224000337/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-000337
- JSON: https://secwatch.observer/filing/0001493152-24-000337.json
- Plain text: https://secwatch.observer/filing/0001493152-24-000337.txt

## Key facts
- Debt Financings
  AERWINS Technologies Inc. faced acceleration on convertible notes of $4,200,000 with Lind Global Fund II LP.
  - Instrument: convertible notes
  - Principal: $4,200,000
  - Counterparty: Lind Global Fund II LP
  - Event: acceleration
  source text: The proceedings in Japan described in Item 1.03 above constitute an event of default pursuant to the secured convertible notes in the aggregate principal amount of $4,200,000 (collectively, the "Notes") issued by the Company to Lind Global Fund II LP ("Lind Global") on April 12, 2023 and May 23, 2023 and as amended on August 25, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1855631/000149315224000337/0001493152-24-000337-index.htm

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