secwatch / observer

AIRWA INC. — fact timeline

Source-grounded facts extracted from AIRWA INC.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

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Shareholder Votes

AIRWA INC. shareholders approved To authorize the adjournment of the Special Meeting, if necessary, to solicit additional proxies. at the 2023-09-13 meeting.

“The Adjournment Proposal was approved by the Company’s stockholders. The voting results were as follows: Votes For Votes Against Votes Abstained 12,870,901 600,805 10,075”
Shareholder Votes

AIRWA INC. shareholders approved To authorize a reverse stock split of Common Stock within a range of 1-for-10 to 1-for-40, with the Board to set the specific ratio and effective date. at the 2023-09-13 meeting.

“The Reverse Stock Split Proposal was approved by the Company’s stockholders. The voting results were as follows: Votes For Votes Against Votes Abstained 12,775,186 706,595 0”
Shareholder Votes

AIRWA INC. shareholders approved To approve the issuance of shares of Common Stock and warrants under Nasdaq Rule 5635(d). at the 2023-09-13 meeting.

“The Share Issuance Proposal was approved by the Company’s stockholders. The voting results were as follows: Votes For Votes Against Votes Abstained 11,948,769 151,246 2,335”
Listing & Compliance Notices

AIRWA INC. received a nasdaq delisting notice notice regarding late filing (rules 5250(c)(1)).

“August 2, 2023, Connexa Sports Technologies Inc. (the “ Company ”) received a letter (“ Letter ”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“ Nasdaq ”) indicating that the Company’s failure to file its Annual Report on Form 10-K for the year ended April 30, 2023 (the “ Form 10-K ”), in violation of the Nasdaq’s continued listing requirements under Nasdaq Listing Rule 5250(c)(1) (the “ Rule ”), serves as an additional basis for delisting the Company’s securities from Nasdaq based on Listing Rule 5810(b). According to the Letter, the Nasdaq Hearings Panel (the “”
Listing & Compliance Notices

AIRWA INC. received a nasdaq deficiency notice notice regarding stockholders equity (rules 5550(b)(1)).

“least $2.5 million (the “ Minimum Stockholders’ Equity Requirement ”). As reported in its Form 10-Q, the Company’s stockholders’ equity as of January 31, 2023 was approximately $(11.7) million. In addition, the Company did not meet the alternatives of listed securities or net income from continuing operations as of the date of the Letter. According to the”

Rodney Rapson was appointed as director at AIRWA INC..

“On July 14, 2023, Connexa Sports Technologies Inc. (the “Company”) appointed Steven Crummy and Rodney Rapson to its board of directors (the “Board”) effective immediately to fill the vacancies created by the resignations in 2022 of Gabriel Goldman and Rohit Krishnan.”

Steven Crummy was appointed as director at AIRWA INC..

“On July 14, 2023, Connexa Sports Technologies Inc. (the “Company”) appointed Steven Crummy and Rodney Rapson to its board of directors (the “Board”) effective immediately to fill the vacancies created by the resignations in 2022 of Gabriel Goldman and Rohit Krishnan.”
Listing & Compliance Notices

AIRWA INC. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).

“April 12, 2023, Nasdaq notified the Company that the Panel had granted the Company’s request for continued listing on the Nasdaq had been granted subject to the following: 1. On or before May 31, 2023, the Company shall file the delinquent Form 10-K for the year ended April 30, 2022, with the SEC; 2. On or before June 30, 2023, the Company shall file all delinquent Forms 10-Q with the SEC; 3. On or before July 15th, the Company will demonstrate compliance with Listing Rules 5605(b)(1), 5605(c)(2) and 5605(d)(2) (majority independent director, audit committee and compensation committee composit”
Auditor Changes

AIRWA INC. engaged Olayinka Oyebola & Co. as its auditor.

“approved the engagement of Olayinka Oyebola & Co. ("OOC") as the Company's independent registered public accounting firm for the fiscal year ended April 30, 2022, effective immediately”
Auditor Changes

AIRWA INC. dismissed Mac Accounting Group, LLP as its auditor.

“dismissed Mac Accounting Group, LLP ("Mac") as the Company's independent registered public accounting firm.”
Listing & Compliance Notices

AIRWA INC. received a nasdaq delisting notice notice regarding late filing (rules 5810(b)).

“March 21, 2023, Connexa Sports Technologies Inc. (the “ Company ”) received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“ Nasdaq ”) indicating that the Company’s failure to file its Quarterly Report on Form 10-Q for the period ended January 31, 2023 (“Additional Delinquent Filing”) serves as an additional basis for delisting the Company’s securities from Nasdaq based on Listing Rule 5810(b). As previously announced, the Company received a letter from the Nasdaq on February 14, 2023, indicating that, due to the Company’s failure, in violation of Listing R”
Material Agreements

AIRWA INC. entered into Agreement with Desarrollo y Promocion de Padel S.L. (effective 2023-03-07).

“On March 7, 2023, Slinger Bag Americas Inc., a wholly-owned subsidiary of Connexa Sports Technologies Inc. (the “ Company ”), entered into a distribution agreement (the “ Agreement ”) with Desarrollo y Promocion de Padel S.L. (“ Desarrollo ”).”
Listing & Compliance Notices

AIRWA INC. received a nasdaq noncompliance notice notice regarding other (rules 5605).

“January 12, 2023, Nasdaq notified the Company that due to the resignations from the Company’s board, audit committee and compensation committee on November 17, 2022, the Company no longer complies with Nasdaq’s independent director, audit committee and compensation committee requirements as set forth in Listing Rule 5605. In that regard, the Company was required to submit its plan of compliance by February 27, 2023. However, pursuant to Listing Rule 5810(c)(2)(A), these deficiencies serve as additional and separate basis for delisting and the Company will be required to address these concerns”
Listing & Compliance Notices

AIRWA INC. received a nasdaq delisting notice notice regarding late filing (rules 5250(c)(1)).

“February 14, 2023, Connexa Sports Technologies Inc. (the “ Company ”) received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“ Nasdaq ”) indicating that, due to the Company’s failure, in violation of Listing Rule 5250(c)(1), to file its (i) Annual Report on Form 10-K with respect to the fiscal year ended April 30, 2022 and (ii) Quarterly Reports on Form 10-Q for the periods ended July 31, 2022 and October 31, 2022 (collectively, the “ Delinquent Filings ”), by February 13, 2023 (the due date for filing the Delinquent Filings pursuant to an exception to Nas”

Paul McKeown resigned as chief business integration officer at AIRWA INC..

“On January 31, 2023, Paul McKeown, the Company’s chief business integration officer, delivered a letter of resignation from all his positions in the Company and its affiliates, indicating that his resignation – due to retirement - was effective on the close of business of January 31, 2023.”
Listing & Compliance Notices

AIRWA INC. received a nasdaq deficiency notice notice regarding audit committee (rules 5605(c)(2)).

“January 12, 2023, the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notified Connexa Sports Technologies Inc. (the “Company”) that due to the resignations of Gabriel Goldman and Rohit Krishnan from the Company’s board of directors, audit committee and compensation committee on November 17, 2022, the Company no longer complies with Nasdaq’s independent director, audit committee and compensation committee requirements as set forth in Listing Rule (i) 5605(b)(1) which requires that a majority of the board of directors be composed of “independent directors” as defined”
Listing & Compliance Notices

AIRWA INC. received a nasdaq deficiency notice notice regarding board independence (rules 5605(b)(1), 5605(d)(2)).

“January 12, 2023, the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notified Connexa Sports Technologies Inc. (the “Company”) that due to the resignations of Gabriel Goldman and Rohit Krishnan from the Company’s board of directors, audit committee and compensation committee on November 17, 2022, the Company no longer complies with Nasdaq’s independent director, audit committee and compensation committee requirements as set forth in Listing Rule (i) 5605(b)(1) which requires that a majority of the board of directors be composed of “independent directors” as defined”
Material Agreements

AIRWA INC. entered into Loan and Security Agreement with Armistice Capital Master Fund Ltd. as agent for the Lenders valued at $2,000,000 (effective 2023-01-06).

“On January 6, 2023, Connexa Sports Technologies Inc. (the “Company”) entered into a loan and security agreement (the “Loan and Security Agreement”) with a one or more institutional investors (the “Lenders”) and Armistice Capital Master Fund Ltd. as agent for the Lenders (the “Agent”) for the issuance and sale of (i) a note in an aggregate principal amount of up to $2,000,000 (the “Note”) with the initial advance under the Loan and Security Agreement being $1,400,000 and (ii) warrants (the “Warrants”)”
Listing & Compliance Notices

AIRWA INC. received a nasdaq extension granted notice regarding minimum bid price (rules 5450(a)(1)).

“October 10, 2022 indicating that the Company’s common stock is subject to potential delisting from Nasdaq because, for a period of 30 consecutive business days, the bid price of the Company’s common stock had closed below the minimum $1.00 per share requirement for continued listing under Nasdaq Listing Rule 5450(a)(1) (the “ Bid Price Rule ”). Previously, Nasdaq had granted the Company until January 31, 2023 to file its delinquent FY 2022 10-K and the First Quarter 10-Q. As a result, any additional Nasdaq exception to allow the Company to regain compliance with all delinquent filings, includi”
Listing & Compliance Notices

AIRWA INC. received a nasdaq deficiency notice notice regarding late filing (rules 5250(c)(1)).

“December 20, 2022, Connexa Sports Technologies Inc. (the “ Company ”) received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“ Nasdaq ”) indicating that, since the Company has not yet filed its Quarterly Report on Form 10-Q for the period ended October 31, 2022 (“ Second Quarter 10-Q ”), it does not comply with Nasdaq Listing Rule 5250(c)(1) for continued listing. As previously disclosed, the Company received a letter from Nasdaq on August 16, 2022 regarding the Company not filing its annual report for the fiscal year ended April 30, 2022 on Form 10-K (the”
M&A Transactions

AIRWA INC. completed a disposition involving PlaySight Interactive Ltd., Chen Shachar and Evgeni Khazanov for U.S. $2 million (closed 2022-11-27).

“under their employment agreements in the total amount of U.S. $600,000 (which would have been increased in December 2022 to U.S. $800,000); and (3) cash consideration of U.S. $2 million to be paid to the Company as follows: (i) a promissory note in the amount of U.S. $2 million issued and delivered to the Company (the “Promissory Note”). (ii) The maturity due”
Material Agreements

AIRWA INC. entered into Agreement with PlaySight Interactive Ltd., Chen Shachar and Evgeni Khazanov valued at U.S. $2 million (effective 2022-11-27).

“On November 27, 2022, Connexa Sports Technologies Inc. (the “Company”) entered into a share purchase agreement (the “Agreement”) with PlaySight Interactive Ltd. (“PlaySight”), Chen Shachar and Evgeni Khazanov (together, the “Buyer”)”
M&A Transactions

AIRWA INC. completed a disposition involving PlaySight Interactive Ltd., Chen Shachar and Evgeni Khazanov for cash consideration of U.S. $2 million (closed 2022-11-27).

“under their employment agreements in the total amount of U.S. $600,000 (which would have been increased in December 2022 to U.S. $800,000); and (3) cash consideration of U.S. $2 million to be paid to the Company as follows: (i) a promissory note in the amount of U.S. $2 million issued and delivered to the Company (the “Promissory Note”). (ii) The maturity due”
Material Agreements

AIRWA INC. entered into Share Purchase Agreement with PlaySight Interactive Ltd., Chen Shachar and Evgeni Khazanov valued at Release of PlaySight's obligations, waiver of $600,000 in personal consideration, and $2,000,000 pro (effective 2022-11-27).

“On November 27, 2022, Connexa Sports Technologies Inc. (the “Company”) entered into a share purchase agreement (the “Agreement”) with PlaySight Interactive Ltd. (“PlaySight”), Chen Shachar and Evgeni Khazanov (together, the “Buyer”) pursuant to which the Buyer purchased 100% of the issued and outstanding shares of PlaySight from the Company in exchange for (1) releasing the Company from all of PlaySight’s obligations towards its vendors, employees, tax authorities and any other (past, current and future) creditors of PlaySight; (2) waiver by the Buyer of 100% of the personal consideration owed to them under their employment agreements in the total amount of U.S. $600,000 (which would have been increased in December 2022 to U.S. $800,000); and (3) cash consideration of U.S. $2 million to be paid to the Company as follows: (i) a promissory note in the amount of U.S. $2 million issued and delivered to the Company (the “Promissory Note”).”

Rohit Krishnan resigned as director at AIRWA INC..

“On November 17 2022, Gabriel Goldman and Rohit Krishnan resigned from the board of directors of Connexa Sports Technologies Inc.”

Gabriel Goldman resigned as director at AIRWA INC..

“On November 17 2022, Gabriel Goldman and Rohit Krishnan resigned from the board of directors of Connexa Sports Technologies Inc.”

Jason Seifert resigned as Chief Financial Officer at AIRWA INC..

“On June 29, 2022, Jason Seifert, the Chief Financial Officer of Connexa Sports Technologies Inc. (the “Company”), delivered a letter of resignation, indicating that his resignation was effective immediately.”

Jason Seifert was appointed as Chief Financial Officer at AIRWA INC..

“On July 5, 2021, the Board of Directors (the " Board ") of the Company, appointed Mr. Jason Seifert as the Company’s Chief Financial Officer.”

Paul McKeown was appointed as Chief Business Integration Officer at AIRWA INC..

“accepted the resignation of Paul McKeown from his position of Chief Financial Officer of the Company (ii) appointed Jason Seifert as the Company’s new Chief Financial Officer (" CFO ") and (iii) engaged Paul McKeown as its Chief Business Integration Officer.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.