Connexa receives Nasdaq delisting notice for non-compliance with independent director and audit committee requirements

AIRWA INC.

Board currently has only 2 independent directors out of 4; audit committee has only 2 independent directors, violating Rule 5605.
Cure period until the earlier of next annual meeting or June 12, 2026; if annual meeting before Dec 9, 2025, compliance due Dec 9, 2025.
Company intends to appoint an additional independent director to serve on Board and Audit Committee before cure period ends.
Notice has no immediate effect on listing or trading of common stock (ticker YYAI).

item 3.01

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