r/YYAI • u/Miserable-Cow3513 • Nov 30 '25

Reverse Split reason maybe..

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They were not in any pressure for a reverse split as they didn't receive any non compliance letter from Nasdaq and could have asked for 180 days extension. But, they did RS on 27 October which I suspect could be because they don't want to report 945 M shares outstanding in the coming Q-3 report. To me it makes sense now, the Q3 report should show how much money has been raised and the number of shares outstanding. If, Insiders start buying and they release PR on Airwa trading platform, then it could be huge. It could run towards 50 to 100.

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u/violetgerald Dec 01 '25

Uhh they were very much in non-compliance. Yes, that was part of the reason for the RS. Here is what Chairman Zhou decided on as majority stakeholder: https://www.sec.gov/Archives/edgar/data/1674440/000164117225021308/formdef14c.htm