---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-034448"
form_type: "8-K/A"
ticker: "YYAI"
cik: "0001674440"
company_name: "AIRWA INC."
filed_at: "2022-12-05T23:59:59+00:00"
generated_at: "2026-06-21T09:39:50.026149+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Connexa Sports sells PlaySight subsidiary for $2M note; eliminates further financing need

## Summary
- Buyer group (Chen Shachar, Evgeni Khazanov) acquires 100% of PlaySight shares from Connexa.
- Consideration: $2M promissory note (due Dec 2023, extendable to 2024), waiver of $600k debt, and release of obligations.
- Company released PlaySight from inter-company debts; Buyer released Company from all obligations.
- Sale eliminates need for Connexa to further finance PlaySight's operations.
- Parties to negotiate non-exclusive analytics deal within 3 months; costs for new features covered by Connexa.

## SEC filing metadata
- accession: 0001493152-22-034448
- form_type: 8-K/A
- ticker: YYAI
- cik: 0001674440
- company_name: AIRWA INC.
- filed_at: 2022-12-05T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1674440/000149315222034448/0001493152-22-034448-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1674440/000149315222034448/form8-ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-034448
- JSON: https://secwatch.observer/filing/0001493152-22-034448.json
- Plain text: https://secwatch.observer/filing/0001493152-22-034448.txt

## Key facts
- M&A Transactions
  AIRWA INC. completed a disposition involving PlaySight Interactive Ltd., Chen Shachar and Evgeni Khazanov for U.S. $2 million (closed 2022-11-27).
  - Action: disposition
  - Counterparty: PlaySight Interactive Ltd., Chen Shachar and Evgeni Khazanov
  - Consideration: U.S. $2 million
  - Closing: 2022-11-27
  source text: under their employment agreements in the total amount of U.S. $600,000 (which would have been increased in December 2022 to U.S. $800,000); and (3) cash consideration of U.S. $2 million to be paid to the Company as follows: (i) a promissory note in the amount of U.S. $2 million issued and delivered to the Company (the “Promissory Note”). (ii) The maturity due
  evidence_url: https://www.sec.gov/Archives/edgar/data/1674440/000149315222034448/0001493152-22-034448-index.htm
- Material Agreements
  AIRWA INC. entered into Agreement with PlaySight Interactive Ltd., Chen Shachar and Evgeni Khazanov valued at U.S. $2 million (effective 2022-11-27).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: PlaySight Interactive Ltd., Chen Shachar and Evgeni Khazanov
  - Value: U.S. $2 million
  - Effective: 2022-11-27
  source text: On November 27, 2022, Connexa Sports Technologies Inc. (the “Company”) entered into a share purchase agreement (the “Agreement”) with PlaySight Interactive Ltd. (“PlaySight”), Chen Shachar and Evgeni Khazanov (together, the “Buyer”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1674440/000149315222034448/0001493152-22-034448-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.