{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-007413","form_type":"8-K","ticker":"YYAI","cik":"0001674440","company_name":"AIRWA INC.","filed_at":"2024-02-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.068303+00:00","generated_at":"2026-06-05T22:09:49.352454+00:00","sec_items":["1.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Connexa Sports modifies $3.2M note, conversion price set at $0.32; subsidiary guarantees up to $6M","bullets":["Waiver of defaults under loan agreement, registration rights agreement, and inducement letter as of Feb 21, 2024.","Note conversion price set at $0.32 per share; up to 9,991,674 shares issuable upon conversion of $3,197,335.65 owed.","Lender's warrants repriced to $0.16 per share subject to shareholder approval by May 3, 2024; meetings every 60 days if not obtained.","Slinger Bag Americas must fund $2M escrow within 10 weeks and guarantee up to $6M difference between guaranteed amount and proceeds.","Company must file S-1 registration statement within 5 business days (by Feb 28) and seek effectiveness within 30 days."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-007413","json":"https://secwatch.observer/filing/0001493152-24-007413.json","markdown":"https://secwatch.observer/filing/0001493152-24-007413.md","text":"https://secwatch.observer/filing/0001493152-24-007413.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1674440/000149315224007413/0001493152-24-007413-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1674440/000149315224007413/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T22:09:49.352454+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"f81f5d0dded61bca09a71a5021c709333ef1f05d","claim":"AIRWA INC. amended Waiver, Warrant Amendment and Second Loan and Security Modification Agreement with certain institutional investors (the Lenders) and a certain institutional investor, as agent for the Lenders (the Agent) (effective 2024-02-21).","evidence_excerpt":"On February 21, 2024, the Company and the Lenders and the Agent entered into a Waiver, Warrant Amendment and Second Loan and Security Modification Agreement (the “Waiver, Amendment, and Modification Agreement”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1674440/000149315224007413/0001493152-24-007413-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"certain institutional investors (the Lenders) and a certain institutional investor, as agent for the Lenders (the Agent)"},{"label":"Effective","value":"2024-02-21"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}