AERWINS Technologies Inc. has received an Additional Staff Delisting Determination from Nasdaq on April 17, 2024, due to the company's failure to file its Form 10-K for the period ended December 31, 2023. This delinquency may serve as a separate basis for the potential delisting of the company's securities from Nasdaq. The Nasdaq Hearings Panel will consider this matter and has requested AERWINS to present its views by April 24, 2024. Previously, AERWINS faced delisting due to non-compliance with the minimum bid price requirement and the minimum market value of listed securities requirement. The company appealed and was granted a conditional transfer to The Nasdaq Capital Market and an extension to demonstrate compliance with listing requirements. AERWINS has completed a reverse stock split...Show More

AERWINS Technologies Inc. has received an Additional Staff Delisting Determination from Nasdaq on April 17, 2024, due to the company's failure to file its Form 10-K for the period ended December 31, 2023. This delinquency may serve as a separate basis for the potential delisting of the company's securities from Nasdaq. The Nasdaq Hearings Panel will consider this matter and has requested AERWINS to present its views by April 24, 2024. Previously, AERWINS faced delisting due to non-compliance with the minimum bid price requirement and the minimum market value of listed securities requirement. The company appealed and was granted a conditional transfer to The Nasdaq Capital Market and an extension to demonstrate compliance with listing requirements. AERWINS has completed a reverse stock split and deconsolidated its Japanese subsidiary, A.L.I. Technologies, following its bankruptcy. The Panel has extended the deadline for AERWINS to regain compliance with the Equity Requirement until May 31, 2024. AERWINS plans to file the overdue Form 10-K in the coming days and continues to develop FAA-compliant manned and unmanned crafts for low-altitude flight through its U.S.-based subsidiary.