---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-015124"
form_type: "8-K"
ticker: "YYAI"
cik: "0001674440"
company_name: "AIRWA INC."
filed_at: "2024-04-18T23:59:59+00:00"
generated_at: "2026-06-03T19:00:30.505854+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Connexa Sports acknowledges warrant sale to Morgan Capital for $2.5M, exercise price reset to $0.16

## Summary
- Institutional holder sells 10,113,602 warrants to Morgan Capital LLC for $2.5M in cash.
- Warrant exercise prices reset from $1.90 and $0.294 to $0.16, subject to shareholder approval.
- Holder terminates SBA's obligation to pay up to $6M difference and releases $2M escrow requirement.
- All liens and security interests of Holder in Company property automatically released upon receipt of purchase price.

## SEC filing metadata
- accession: 0001493152-24-015124
- form_type: 8-K
- ticker: YYAI
- cik: 0001674440
- company_name: AIRWA INC.
- filed_at: 2024-04-18T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1674440/000149315224015124/0001493152-24-015124-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1674440/000149315224015124/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-015124
- JSON: https://secwatch.observer/filing/0001493152-24-015124.json
- Plain text: https://secwatch.observer/filing/0001493152-24-015124.txt

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