AERWINS Technologies Inc. has filed a Form 8-K with the U.S. Securities and Exchange Commission, reporting on several amendments to agreements with Lind Global Fund II LP. The initial agreement, a Securities Purchase Agreement (SPA), was entered on April 12, 2023, where AERWINS agreed to issue convertible promissory notes and warrants to Lind Global, totaling an aggregate principal amount of $6,000,000. The first tranche closed on the same day, with a note purchase price of $2,100,000 and a warrant to acquire over 2.5 million shares of common stock. The second tranche closed on May 23, 2023, with a note purchase price of $1,400,000 and a warrant for approximately 1.5 million shares. Amendments made on August 25, 2023, introduced a floor price for conversions of the notes and a cash payment condition. Further amendments on January 23, 2024, reduced the principal amount of the notes, set repayment terms contingent on a public offering, and removed obligations for a third closing and certain registration rights. These amendments are subject to the completion of the public offering and a mandatory prepayment by the company.

AERWINS Technologies Inc. has filed a Form 8-K with the U.S. Securities and Exchange Commission, reporting on several amendments to agreements with Lind Global Fund II LP. The initial agreement, a Securities Purchase Agreement (SPA), was entered on April 12, 2023, where AERWINS agreed to issue convertible promissory notes and warrants to Lind Global, totaling an aggregate principal amount of $6,000,000. The first tranche closed on the same day, with a note purchase price of $2,100,000 and a warrant to acquire over 2.5 million shares of common stock. The second tranche closed on May 23, 2023, with a note purchase price of $1,400,000 and a warrant for approximately 1.5 million shares. Amendments made on August 25, 2023, introduced a floor price for conversions of the notes and a cash payment condition. Further amendments on January 23, 2024, reduced the principal amount of the notes, set repayment terms contingent on a public offering, and removed obligations for a third closing and certain registration rights. These amendments are subject to the completion of the public offering and a mandatory prepayment by the company.