Aerwins technologies announces 1-for-100 reverse stock split

Los angeles, ca, march 28, 2024 (globe newswire) -- aerwins technologies inc. (nasdaq: awin) (“aerwins” or “the company”) today announced that the company's board of directors has resolved to effectuate a reverse stock split of aerwins's issued and outstanding common stock, par value $0.000001 per share (“common stock”) and has determined the ratio to be 1-for-100. aerwins's stockholders previously approved the reverse stock split and granted the board of directors the authority to determine the exact split ratio and when to proceed with the reverse stock split at the company's annual meeting of stockholders held on november 20, 2023.
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