AERWINS Technologies Inc. - Common Stock (AWIN)

TOKYO, May 26, 2023 (GLOBE NEWSWIRE) -- AERWINS Technologies Inc. (NASDAQAWIN) (“AERWINS” or the “Company”), the developer and manufacturer of air mobility platform, COSMOS (Centralized Operating System for Managing Open Sky), and the XTURISMO Limited Edition Hoverbike, announced today the appointment of Katie Field and Pavan Gill as independent directors of the Company on May 22, 2023.

TOKYO, May 19, 2023 (GLOBE NEWSWIRE) -- AERWINS Technologies Inc. (NASDAQAWIN) (“AERWINS” or the “Company”), the developer and manufacturer of air mobility platform, COSMOS (Centralized Operating System for Managing Open Sky), and the XTURISMO Limited Edition Hoverbike, announced today it has appointed Kiran Sidhu as the Chairman of the Board of Directors, effective immediately.

TOKYO, May 04, 2023 (GLOBE NEWSWIRE) -- AERWINS Technologies Inc. (NASDAQAWIN) (“AERWINS” or the “Company”), the developer and manufacturer of air mobility platform, COSMOS (Centralized Operating System for Managing Open Sky), and the XTURISMO Limited Edition Hoverbike, announced today that it will participate in the EF Hutton Global Conference taking place May 10-11, 2023 at The Plaza Hotel in New York City.

AERWINS’ XTURISMO Recognized at the Edison Awards in the AEROSPACE & FLIGHT TECHNOLOGIES Category

AERWINS (NASDAQAWIN), the developer and manufacturer of air mobility platform COSMOS (Centralized Operating System for Managing Open Sky) and the XTURISMO Limited Edition Hoverbike, today announced its entry into a definitive securities purchase agreement (“SPA”) with Lind Global Fund II LP, an investment fund managed by The Lind Partners, a New York based institutional fund manager (together, the “Investor”). Under the agreement, AERWINS shall issue and sell to the Investor up to three promissory notes for a total investment in AERWINS of up to $5,000,000, which notes are convertible into shares of common stock, par value $0.000001 per share, of AERWINS (the “common stock”); and shall issue to the Investor up to 5,601,613 warrants in the form as attached to the SPA (the “warrants”) to acquire up to 5,601,613 additional shares of common stock. The notes and warrants will be issued in three separate closings, with the first occurring on the date hereof. The second and third closings are subject to additional conditions as set forth in the SPA and are currently expected to occur over the following few weeks. EF Hutton, division of Benchmark Investments LLC, is acting as exclusive placement agent for the notes. Anthony L.G. PLLC is acting as legal counsel to AERWINS.

TOKYO, April 13, 2023 (GLOBE NEWSWIRE) -- AERWINS Technologies Inc. (NASDAQAWIN) ("AERWINS" or the "Company"), the developer and manufacturer of air mobility platform, COSMOS (Centralized Operating System for Managing Open Sky), and the XTURISMO Limited Edition Hoverbike, announced today that it has executed a definitive Securities Purchase Agreement (the “SPA”) with Lind Global Fund II LP, an investment fund managed by The Lind Partners, a New York based institutional fund manager (together, the “Investor”), pursuant to which AERWINS shall issue and sell to the Investor up to three promissory notes (the “Notes”) for a total investment in AERWINS of up to $5,000,000, which Notes are convertible into shares of common stock, par value $0.000001 per share, of AERWINS (the “Common Stock”); and shall issue to the Investor up to 5,601,613 warrants in the form as attached to the SPA (the “Warrants”) to acquire up to 5,601,613 additional shares of Common Stock, in each case subject to the terms and conditions of the SPA. The Notes and Warrants will be issued in three separate closings, with the first closing occurring on the date hereof. At this first closing the Investor acquired a Note in the aggregate principal amount of $2,520,000 for a purchase price of $2,100,000, and AERWINS issued to the Investor 2,352,678 warrants to acquire 2,352,678 shares of Common Stock at an exercise price of $0.8926 per share, subject to adjustment as set forth in the Warrants.

TOKYO, March 23, 2023 (GLOBE NEWSWIRE) -- AERWINS Technologies Inc. (NASDAQAWIN) ("AERWINS" or the "Company"), the developer and manufacturer of air mobility platform, COSMOS (Centralized Operating System for Managing Open Sky), and the XTURISMO Limited Edition Hoverbike, has reached a strategic agreement with OUTSOURCING Inc. (“OUTSOURCING”) by entering into a Memorandum of Understanding (“MOU”) with OUTSOURCING intending to partner via a joint venture in the Middle East. The joint venture is intended to allow AERWINS to advance its manufacturing and production capabilities of air mobility units in the Middle East.

AERWINS (NASDAQAWIN), the developer and manufacturer of air mobility platform, C.O.S.M.O.S. (Centralized Operating System for Managing Open Sky), and the XTURISMO Limited Edition Hoverbike, recently announced the closing of its business combination with Pono Capital Corp., a special purpose acquisition company, pursuant to the merger agreement between the parties. According to the update, the company closed the merger agreement with Pono Capital and its wholly owned subsidiary, Pono Merger Sub Inc., and AERWINS Inc., a Japanese company previously named AERWINS Technologies Inc. At the closing, Pono Merger Sub Inc. merged with and into AERWINS Inc., with AERWINS Inc. surviving and continuing as a wholly owned subsidiary of the company, previously named Pono Capital Corp. and now named AERWINS Technology Inc. “Japan was a manufacturing country for so many years,” said AERWINS chairman and CEO Shuhei Komatsu. “Precision is rooted and based in Japanese culture. We will continue to pursue the possibility of new mobility with the Japanese culture-centric mindset on our path to becoming a global company. I understand it is a big responsibility to talk about these ideals; I recognize that it is necessary to have the ability to deliver, so I will devote myself to this vision every day.”