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Los Angeles California based AERWINS Technologies Inc. (NASDAQ: AWIN) 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 and has determined the ratio to be 1-for-100.

According to the release, 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. The reverse stock split will become effective at the market open on April 2, 2024.

$AWIN Shares are trading down 2 cents at $0.0571


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