01:01 PM EDT, 03/28/2024 (MT Newswires) -- Aerwins Technologies ( AWIN ) said Thursday it will implement a 1-for-100 reverse stock split that will become effective at the market open on April 2.

The move was approved by shareholders in November and is intended to lift the company's share price above the $1 minimum required for listing on Nasdaq.

Aerwins ( AWIN ) shares were 22% lower in recent trading.

Price: 0.06, Change: -0.02, Percent Change: -21.91