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8-K: Current report

SEC announcement ·  Jun 18 04:22
Summary by Futu AI
AERWINS Technologies Inc. has received a final delisting notice from the Nasdaq Hearings Panel due to non-compliance with Listing Rule 5550(b)(1). The company failed to meet the compliance requirements by the deadline of May 31, 2024, as set by a previous Panel decision. Consequently, trading of AERWINS' common shares will be suspended from June 18, 2024. The company has decided not to appeal the Panel's decision and is exploring strategic alternatives, including a potential sale or joint ventures, and is considering quotation of its shares on an alternative trading market. Additionally, on June 14, 2024, Kiran Sidhu was appointed as the Interim Chief Financial Officer following the resignation of Yinshun He on June 11, 2024, which was not due to any disputes with the company.
AERWINS Technologies Inc. has received a final delisting notice from the Nasdaq Hearings Panel due to non-compliance with Listing Rule 5550(b)(1). The company failed to meet the compliance requirements by the deadline of May 31, 2024, as set by a previous Panel decision. Consequently, trading of AERWINS' common shares will be suspended from June 18, 2024. The company has decided not to appeal the Panel's decision and is exploring strategic alternatives, including a potential sale or joint ventures, and is considering quotation of its shares on an alternative trading market. Additionally, on June 14, 2024, Kiran Sidhu was appointed as the Interim Chief Financial Officer following the resignation of Yinshun He on June 11, 2024, which was not due to any disputes with the company.
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