Connexa regains Nasdaq minimum equity compliance via $16.5M investment; placed under 1-year monitor

AIRWA INC.

Received $16.5M investment from three non-US investors; regained compliance with Nasdaq minimum shareholder equity rule.
Nasdaq confirmed compliance; company subject to mandatory panel monitor for one year on equity rule.
Also under panel monitor for periodic filing requirements (Rule 5250(c)(1)) until October 11, 2024.
If non-compliance during monitor, immediate delisting without cure period or plan of compliance.

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