---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-032891"
form_type: "8-K"
ticker: "YYAI"
cik: "0001674440"
company_name: "AIRWA INC."
filed_at: "2023-09-18T23:59:59+00:00"
generated_at: "2026-06-10T14:55:26.571223+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Connexa Sports shareholders approve share issuance and reverse stock split authorization

## Summary
- Approved issuance of 1,018,510 shares issued Oct 2022 and shares underlying warrants at exercise prices from $0.00001 to $0.43.
- Approved reverse stock split within 1:10 to 1:40 range; board to set ratio and effective date within 12 months.
- All three proposals passed with large majorities; reverse split vote: 12,775,186 for, 706,595 against.
- Share issuance approval covers pre-funded, 5-year, 7.5-year, and 5.5-year warrants totaling over 68 million potential shares.
- Adjournment proposal also approved (12,870,901 for, 600,805 against).

## SEC filing metadata
- accession: 0001493152-23-032891
- form_type: 8-K
- ticker: YYAI
- cik: 0001674440
- company_name: AIRWA INC.
- filed_at: 2023-09-18T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1674440/000149315223032891/0001493152-23-032891-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1674440/000149315223032891/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-032891
- JSON: https://secwatch.observer/filing/0001493152-23-032891.json
- Plain text: https://secwatch.observer/filing/0001493152-23-032891.txt

## Key facts
- Shareholder Votes
  AIRWA INC. shareholders approved To authorize a reverse stock split of Common Stock within a range of 1-for-10 to 1-for-40, with the Board to set the specific ratio and effective date. at the 2023-09-13 meeting.
  - Proposal: reverse split
  - Outcome: passed
  - Meeting: 2023-09-13
  source text: The Reverse Stock Split Proposal was approved by the Company’s stockholders. The voting results were as follows: Votes For Votes Against Votes Abstained 12,775,186 706,595 0
  evidence_url: https://www.sec.gov/Archives/edgar/data/1674440/000149315223032891/0001493152-23-032891-index.htm
- Shareholder Votes
  AIRWA INC. shareholders approved To approve the issuance of shares of Common Stock and warrants under Nasdaq Rule 5635(d). at the 2023-09-13 meeting.
  - Outcome: passed
  - Meeting: 2023-09-13
  source text: The Share Issuance Proposal was approved by the Company’s stockholders. The voting results were as follows: Votes For Votes Against Votes Abstained 11,948,769 151,246 2,335
  evidence_url: https://www.sec.gov/Archives/edgar/data/1674440/000149315223032891/0001493152-23-032891-index.htm
- Shareholder Votes
  AIRWA INC. shareholders approved To authorize the adjournment of the Special Meeting, if necessary, to solicit additional proxies. at the 2023-09-13 meeting.
  - Outcome: passed
  - Meeting: 2023-09-13
  source text: The Adjournment Proposal was approved by the Company’s stockholders. The voting results were as follows: Votes For Votes Against Votes Abstained 12,870,901 600,805 10,075
  evidence_url: https://www.sec.gov/Archives/edgar/data/1674440/000149315223032891/0001493152-23-032891-index.htm

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