secwatch.observer — SEC 8-K summary
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Issuer:     AIRWA INC. (YYAI)
CIK:        0001674440
Form:       8-K
Filed at:   2023-10-11T23:59:59+00:00
Accession:  0001493152-23-036865
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

Connexa Sports obtains $1M additional loan under modified LSA; issues 169,196 warrants at $1.90
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- Entered into Loan and Security Modification Agreement with Armistice Capital for a $1,000,000 new loan, increasing total face amount to $3,000,000.
- Issued unregistered Common Warrants to purchase 169,196 shares at $1.90 per share, exercisable after 6 months, expiring 5.5 years from issuance.
- Failure to register the New Warrants by February 1, 2024 constitutes an Event of Default under the amended LSA.
- Maturity for new loan is earlier of six months from October 11, 2023, or five days after subsequent equity offering, or acceleration.
- Proceeds to be used for general corporate purposes, operations including inventory, and preparing registration statement for New Warrants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1674440/000149315223036865/0001493152-23-036865-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1674440/000149315223036865/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-036865

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