---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-001023"
form_type: "8-K"
ticker: "YYAI"
cik: "0001674440"
company_name: "AIRWA INC."
filed_at: "2023-01-10T23:59:59+00:00"
generated_at: "2026-06-20T17:09:27.404326+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Connexa Sports enters $2M loan with Armistice Capital, issues warrants for ~18.1M shares

## Summary
- Connexa Sports entered $2M loan agreement with Armistice Capital; initial advance $1.4M.
- Warrants issued for up to ~18.1M shares at $0.221 exercise price, 5.5-year term, subject to stockholder approval.
- Proceeds to cover registration expenses for previously issued securities and fund operations.
- Loan secured by substantially all assets of Connexa and its subsidiaries (Slinger Bag entities).
- Additional $600k advance available under agreement.

## SEC filing metadata
- accession: 0001493152-23-001023
- form_type: 8-K
- ticker: YYAI
- cik: 0001674440
- company_name: AIRWA INC.
- filed_at: 2023-01-10T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1674440/000149315223001023/0001493152-23-001023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1674440/000149315223001023/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-001023
- JSON: https://secwatch.observer/filing/0001493152-23-001023.json
- Plain text: https://secwatch.observer/filing/0001493152-23-001023.txt

## Key facts
- Material Agreements
  AIRWA INC. entered into Loan and Security Agreement with Armistice Capital Master Fund Ltd. as agent for the Lenders valued at $2,000,000 (effective 2023-01-06).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Armistice Capital Master Fund Ltd. as agent for the Lenders
  - Value: $2,000,000
  - Effective: 2023-01-06
  source text: On January 6, 2023, Connexa Sports Technologies Inc. (the “Company”) entered into a loan and security agreement (the “Loan and Security Agreement”) with a one or more institutional investors (the “Lenders”) and Armistice Capital Master Fund Ltd. as agent for the Lenders (the “Agent”) for the issuance and sale of (i) a note in an aggregate principal amount of up to $2,000,000 (the “Note”) with the initial advance under the Loan and Security Agreement being $1,400,000 and (ii) warrants (the “Warrants”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1674440/000149315223001023/0001493152-23-001023-index.htm

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