---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-019713"
form_type: "8-K"
ticker: "YYAI"
cik: "0001674440"
company_name: "AIRWA INC."
filed_at: "2025-07-15T23:59:59+00:00"
generated_at: "2026-05-18T06:30:09.296200+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0001641172-25-019713
- form_type: 8-K
- ticker: YYAI
- cik: 0001674440
- company_name: AIRWA INC.
- filed_at: 2025-07-15T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1674440/000164117225019713/0001641172-25-019713-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1674440/000164117225019713/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-019713
- JSON: https://secwatch.observer/filing/0001641172-25-019713.json
- Plain text: https://secwatch.observer/filing/0001641172-25-019713.txt

## Key facts
- Listing & Compliance Notices
  AIRWA INC. received a nasdaq deficiency notice notice regarding board independence (rules 5605, 5605(b)(1)(A), 5605(c)(4)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: board independence
  - Rules: 5605, 5605(b)(1)(A), 5605(c)(4)
  source text: July 9, 2025, Connexa Sports Technologies Inc. (the “ Company ”) received a letter (the “ Notice ”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“ Nasdaq ”) indicating that, as a result of Warren Andrew Thomson’s resignation from the Board of Directors of the Company (the “ Board ”) and the audit committee of the Board (the “ Audit Committee ”), effective June 12, 2025, the Company is not currently in compliance with Nasdaq Listing Rule 5605. The Notice has no immediate effect on the listing or trading of the Company’s common stock. Nasdaq Listing Rule 5605 requir
  evidence_url: https://www.sec.gov/Archives/edgar/data/1674440/000164117225019713/0001641172-25-019713-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.