secwatch.observer — SEC 8-K summary
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Issuer:     AIRWA INC. (YYAI)
CIK:        0001674440
Form:       8-K
Filed at:   2025-07-15T23:59:59+00:00
Accession:  0001641172-25-019713
Event type: regulatory
Sentiment:  negative
Materiality: 0.65
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1674440/000164117225019713/0001641172-25-019713-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1674440/000164117225019713/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-019713

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer