secwatch.observer — SEC 8-K summary
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Issuer:     AIRWA INC. (YYAI)
CIK:        0001674440
Form:       8-K
Filed at:   2023-01-10T23:59:59+00:00
Accession:  0001493152-23-001023
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1674440/000149315223001023/0001493152-23-001023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1674440/000149315223001023/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-001023

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer