AERWINS Technologies Inc. has announced that it will be unable to file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2024, by the original due date of May 15, 2024. The delay is attributed to the additional time required to complete financial statements, due to delays in obtaining and compiling necessary information. The company has cited that these delays could not be resolved without unreasonable effort and expense. AERWINS Technologies expects to file the report no later than five calendar days following the prescribed due date. The company also disclosed that significant changes in its results of operations are anticipated, following the discontinuation of operations of its Japanese subsidiary, A.L.I. Technologies Inc., and its subsequent bankruptcy filing. The...Show More

AERWINS Technologies Inc. has announced that it will be unable to file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2024, by the original due date of May 15, 2024. The delay is attributed to the additional time required to complete financial statements, due to delays in obtaining and compiling necessary information. The company has cited that these delays could not be resolved without unreasonable effort and expense. AERWINS Technologies expects to file the report no later than five calendar days following the prescribed due date. The company also disclosed that significant changes in its results of operations are anticipated, following the discontinuation of operations of its Japanese subsidiary, A.L.I. Technologies Inc., and its subsequent bankruptcy filing. The changes in operations include the cessation of the manned air mobility business and other related ventures. Due to these events, AERWINS Technologies is unable to provide a reasonable estimate of the changes in its results of operations from the corresponding period for the last fiscal year. The notification was signed by Chief Financial Officer Yinshun (Sue) He on May 16, 2024.