AERWINS raises $400K via sale of 10M shares at $0.04/share in private placement

In connection with the Offering, the Company entered into a Piggyback Registration Rights Agreement with the Investor whereby the Company agreed to register the Common Stock acquired by the Investor in the Offering if at any time while the Investor remains the holder of such shares, the Company proposes to file any registration statement under the Securities Act of 1933, as amended (the “Securities Act”) with respect to its Common Stock for its own account or for shareholders of the Company for their account, subject to certain customary exceptions.

On February 27, 2024, AERWINS Technologies, Inc. (the “Company”) entered into and completed the sale to an unrelated accredited investor (the “Investor”), of 10,000,000 shares of its Common Stock, $ 0.000001 par value per share (the “Common Stock”), in exchange for $400,000 in cash (the “Offering”). The Offering was made pursuant to the terms of a Subscription Agreement.