AiRWA shares surge 20.19% intraday following 1-for-50 reverse stock split announcement.

AiRWA Inc. surged 20.19% intraday following the announcement that Connexa Sports Technologies (now rebranded as AiRWA Inc.) secured a $100 million confirmed investment into the AiRWA Exchange and filed a $500 million definitive agreement with JuCoin to launch the platform. The rebranding and substantial capital commitments signal a strategic pivot toward expanding its digital exchange capabilities, bolstering investor confidence. Additionally, a prior 1-for-50 reverse stock split may have contributed to the elevated share price by reducing the number of outstanding shares, aligning with the stock’s sharp intraday rally.