---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-043947"
form_type: "8-K"
ticker: "YYAI"
cik: "0001674440"
company_name: "AIRWA INC."
filed_at: "2023-12-07T23:59:59+00:00"
generated_at: "2026-06-07T16:15:58.770870+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Connexa Sports raises $1.46M via warrant exercise inducement; issues new warrants for 9.9M shares

## Summary
- Entered inducement letter with a holder to exercise 4,972,203 existing warrants at reduced exercise price of $0.294/share, raising $1,461,827.68.
- Issued new warrants to purchase up to 9,944,406 shares (200% of exercised shares) at $0.294/share, exercisable after Nasdaq shareholder approval for 5.5 years.
- New warrants have anti-dilution adjustments and may be reduced further based on VWAP after a reverse stock split.
- Company agreed to file a resale registration statement for new warrant shares within 60 days and to grant holder participation rights in future financings until a promissory note is repaid.

## SEC filing metadata
- accession: 0001493152-23-043947
- form_type: 8-K
- ticker: YYAI
- cik: 0001674440
- company_name: AIRWA INC.
- filed_at: 2023-12-07T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1674440/000149315223043947/0001493152-23-043947-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1674440/000149315223043947/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-043947
- JSON: https://secwatch.observer/filing/0001493152-23-043947.json
- Plain text: https://secwatch.observer/filing/0001493152-23-043947.txt

## Key facts
- Material Agreements
  AIRWA INC. entered into Inducement Letter with a certain holder valued at $1,461,827.68 (effective 2023-12-06).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: a certain holder
  - Value: $1,461,827.68
  - Effective: 2023-12-06
  source text: On December 6, 2023, Connexa Sports Technologies Inc. (the “Company”) entered into a inducement offer letter agreement (the “Inducement Letter”) with a certain holder (the “Holder”) of certain of the Company’s existing warrants
  evidence_url: https://www.sec.gov/Archives/edgar/data/1674440/000149315223043947/0001493152-23-043947-index.htm

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