AERWINS (NASDAQ: AWIN), 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.

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About AERWINS Technologies Inc.

Under the mission statement Changing Society from the Top Down, AERWINS Technologies has developed and released an air mobility platform, COSMOS (Centralized Operating System for Managing Open Sky), and the XTURISMO Limited Edition Hoverbike. AERWINS will continue to innovate, unbound by existing ideas, to develop and deploy systems that are necessary for the realization of an air mobility society. For more information, please visit AERWINS.us.

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