AERWINS Technologies announces 1-for-100 reverse stock split effective April 2, 2024

AERWINS Technologies Inc.

Reverse stock split ratio 1-for-100; effective at market open on April 2, 2024.
Par value unchanged at $0.000001; authorized shares remain 400M common, 20M preferred.
No fractional shares issued; fractional shares rounded up to next whole share.
Split intended to meet Nasdaq's $1.00 minimum bid price requirement for continued listing.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

AERWINS Technologies Inc.: Filed Certificate of Amendment to effect a 1-for-100 reverse stock split of the Company's common stock (effective 2024-04-02).

Change: charter amendment
Effective: 2024-04-02

Exact text from the filing

On March 28, 2024, AERWINS Technologies, Inc. (the “Company”) filed a Certificate of Amendment to the Fourth Amended and Restated Certificate of Incorporation, as amended (the “Amendment”) with the Secretary of State of the State of Delaware relating to a 1-for-100 reverse stock split (the “Reverse Stock Split”) of the outstanding shares of the Company’s common stock, par value $0.000001 (“Common Stock”).

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Source: SEC EDGAR

accession 0001493152-24-011723

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