AERWINS Technologies Inc.: Nasdaq/NYSE listing notice — Nasdaq panel grants AERWINS conditional continued listing with strict deadlines

AERWINS Technologies Inc.

Panel Decision requires filing S-1 for up to $13.5M public offering by Jan 23, 2024.
Company must complete deconsolidation of Japanese subsidiary A.L.I. Technologies by Jan 31, 2024.
Reverse stock split of 1-for-10 to 1-for-100 with target price $7.00 needed by Mar 28, 2024.
Transfer from Nasdaq Global Market to Capital Market effective Jan 18, 2024.
Compliance with all Capital Market listing rules must be shown by Apr 15, 2024.

item 3.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.85

AERWINS Technologies Inc. received a nasdaq delisting notice notice regarding minimum bid price (rules 5450(a)(1)).

Exchange: nasdaq
Notice: delisting notice
Deficiency: minimum bid price
Rules: 5450(a)(1)

Exact text from the filing

below (the “Panel Decision”). As previously disclosed in the Current Report on Form 8-K filed on April 21, 2023 by the Company, on April 20, 2023, Nasdaq Listing Qualifications staff (“Staff”) notified the Company that it no longer complied with the minimum bid price requirement under Listing Rule 5450(a)(1). In accordance with Listing Rule 5810(c)(3)(A), the Company was provided 180 calendar days, or until October 17, 2023, to regain compliance with Rule 5450(a)(1) (the “Bid Price Rule”). As previously disclosed on a Form 8-K filed with the SEC on October 23, 2023, on October 18, 2023, Staff

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Source: SEC EDGAR

accession 0001493152-24-003290

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