{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-010736","form_type":"8-K","ticker":"YYAI","cik":"0001674440","company_name":"AIRWA INC.","filed_at":"2024-03-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.068525+00:00","generated_at":"2026-06-04T09:56:25.033552+00:00","sec_items":["1.01","3.02","5.02","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"Connexa Sports acquires 70% of Yuanyu Enterprise for $56M; change of control to YYEM shareholders","bullets":["Initial 20% of YYEM acquired for $16.5M cash on March 20, 2024; remaining 50% to be paid with 162,551,440 shares of CNXA common stock.","Upon closing, YYEM shareholders will own 82.4% of Connexa, resulting in a change in control of the company.","YYEM operates AI matchmaking services in China with 200 retail stores, reported FY23 royalties of ~$1.9M.","Licensing agreements in place for UK/Europe, SE Asia, and Sub-Saharan Africa with cumulative potential revenue >$70M over three years.","Connexa will divest its Slinger Bag business to a newly established entity as part of the transaction."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-010736","json":"https://secwatch.observer/filing/0001493152-24-010736.json","markdown":"https://secwatch.observer/filing/0001493152-24-010736.md","text":"https://secwatch.observer/filing/0001493152-24-010736.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1674440/000149315224010736/0001493152-24-010736-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1674440/000149315224010736/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T09:56:25.033552+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":"bfff7fbf08a3ec54ef28e8275f8f7f2339957fce","claim":"AIRWA INC. entered into Share Purchase Agreement with Mr. Hongyu Zhou valued at $16,500,000 (effective 2024-03-18).","evidence_excerpt":"On March 18, 2024, Connexa Sports Technologies Inc. (the “ Company ”) entered into a share purchase agreement (the “ Share Purchase Agreement ”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1674440/000149315224010736/0001493152-24-010736-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"Mr. Hongyu Zhou"},{"label":"Value","value":"$16,500,000"},{"label":"Effective","value":"2024-03-18"}],"fact_type":"material_agreement"},{"claim_id":"c593d4c0178efd2b501b7792c50b05385e7db77b","claim":"AIRWA INC. entered into Share Exchange Agreement with Mr. Hongyu Zhou valued at $56 million (effective 2024-03-18).","evidence_excerpt":"On March 18, 2024, Connexa Sports Technologies Inc. (the “ Company ”) entered into a share purchase agreement (the “ Share Purchase Agreement ”) and a share exchange agreement (the “ Share Exchange Agreement ,”","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1674440/000149315224010736/0001493152-24-010736-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Mr. Hongyu Zhou"},{"label":"Value","value":"$56 million"},{"label":"Effective","value":"2024-03-18"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}