AIRWA INC.
For the period ended Apr 6, 2026. Filed Apr 6, 2026.
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Apr 6, 2026 · Filed Apr 6, 2026
Contents
Purposes and Effect of the Reverse Split Amendment
Nasdaq Listing Rule 5550(a)(2) requires a minimum bid price of $1.00 per share (the “Minimum Bid Price Requirement”) for continued listing on Nasdaq Capital Market (“Nasdaq”). Although the Company was, as of the date of proxy statement, in compliance with the Minimum Bid Price Requirement, the Board has determined it is in the best interests of the Company and its stockholders for the Board to have discretionary authority to effect one or more Reverse Stock Splits to enable the Company to maintain future compliance with the Minimum Bid Price Requirement.
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