secwatch.observer — SEC 8-K summary
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Issuer:     AERWINS Technologies Inc. (—)
CIK:        0001855631
Form:       8-K
Filed at:   2024-01-03T23:59:59+00:00
Accession:  0001493152-24-000337
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 1.03, 2.04, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1855631/000149315224000337/0001493152-24-000337-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1855631/000149315224000337/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-000337

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