secwatch.observer — SEC 8-K summary
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Issuer:     AIRWA INC. (YYAI)
CIK:        0001674440
Form:       8-K
Filed at:   2024-01-24T23:59:59+00:00
Accession:  0001493152-24-003556
Event type: other_material
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 3.02, 5.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Connexa Sports Technologies raises $16.5M via common stock and pre-funded warrants; change of control to three investors
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- Issued 2,330,200 common shares and pre-funded warrants for 25,169,800 shares at $0.20/share, raising ~$16.5M.
- Each of three investors (Andy and Lion, Junjie Enterprise, Xinsheng Enterprise) invested $5.5M and now hold 19.99% of outstanding common stock plus additional warrants.
- Pre-funded warrants have $0.00001 exercise price and require shareholder approval for exercisability.
- Change of control: largest prior holder had 2.032% ownership; now control rests with the three investors.
- Also awarded 200,000 shares to Smartsports LLC for consulting services.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1674440/000149315224003556/0001493152-24-003556-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1674440/000149315224003556/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-003556

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