Aerwins Technologies INC

Market Movers (8-K)

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Pavan Gill has resigned from the board of directors of AERWINS Technologies Inc., effective immediately, with no indication of any disagreement with the company.
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Robert Lim has resigned from the board of directors of AERWINS Technologies Inc., effective immediately, with no indication of any disagreement with the company.
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AERWINS Technologies Inc. will be delisted from the Nasdaq Stock Market effective June 18, 2024, after failing to meet continued listing requirements.
Worse than expected
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AERWINS Technologies Inc. has dismissed TAAD LLP as its independent auditor and engaged GreenGrowth CPAs, following the bankruptcy of its subsidiary A.L.I. Technologies Inc.
Worse than expected
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AERWINS Technologies has received an additional delisting notice from Nasdaq due to a delay in filing its 2023 Form 10-K, adding to existing concerns about the company's compliance with listing requirements.
Worse than expected
Delay expected
Capital raise
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AERWINS Technologies Inc. has announced a 1-for-100 reverse stock split of its common stock, effective April 2, 2024, to meet Nasdaq's minimum bid price requirement.

Quarterly Earnings (10-Q)

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AERWINS Technologies reports a net income for Q1 2024, driven by the deconsolidation of A.L.I. despite ongoing going concern doubts and financial challenges.
Delay expected
Capital raise
Better than expected

Annual Reports (10-K)

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AERWINS Technologies Inc. reports a significant net loss for 2023 and faces substantial challenges, including a discontinued subsidiary and potential delisting from Nasdaq, while focusing on the development of its Manned Air Vehicle (MAV).
Delay expected
Capital raise
Worse than expected

New Public Companies (S-1)

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AERWINS Technologies launches a public offering of common stock to raise capital and meet Nasdaq listing requirements following a merger and strategic shift towards FAA-compliant MAV development.
Delay expected
Capital raise
Worse than expected