8-K
filed May 17, 2024, 7:59 PM ET
ticker YYAI
CIK 0001674440
other material
confidence high
sentiment neutral
materiality 0.85
Connexa shareholders approve acquisition of YYEM, change-in-control and Slinger Bag spin-off
AIRWA INC.
- Shareholders approved acquisition of 70% of Yuanyu Enterprise Management (YYEM) and resulting change-in-control, subject to Nasdaq approval.
- Upon closing, Connexa will issue ~162.6M shares to YYEM, leaving YYEM's sole shareholder with ~82.4% controlling interest.
- All Slinger Bag assets and liabilities will be spun off to a privately held company controlled by Yonah Kalfa and Mike Ballardie.
- Also approved: increase in authorized shares to 1B, reverse stock split (1:10 to 1:100), and various share issuances to investors and insiders.
- Press release references new ticker YYAI (Nasdaq: YYAI) for the post-closing entity.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
AIRWA INC. shareholders approved Share Exchange Proposal at the 2024-05-15 meeting.
- Outcome
- passed
- Meeting
- 2024-05-15
Exact text from the filing
Proposal Three: Share Exchange Proposal To approve the issuance of shares of our common stock pursuant to that certain Share Exchange Agreement dated March 18, 2024
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
AIRWA INC. shareholders approved Amendment to October and December 2023 Warrants Exercise Price Proposal at the 2024-05-15 meeting.
- Outcome
- passed
- Meeting
- 2024-05-15
Exact text from the filing
Proposal Seven: Amendment to October and December 2023 Warrants Exercise Price Proposal To approve the amendment to the exercise price of certain existing warrants, now held by Morgan Capital LLC, to $0.16 per share.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
AIRWA INC. shareholders approved Reverse Stock Split Proposal at the 2024-05-15 meeting.
- Proposal
- reverse split
- Outcome
- passed
- Meeting
- 2024-05-15
Exact text from the filing
Proposal Five: Reverse Stock Split Proposal To approve the Amendment to the Company’s certificate of incorporation to authorize a reverse stock split of its common stock within a range of 1-for-10 to 1-for-100
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
AIRWA INC. shareholders approved Capital Increase Proposal at the 2024-05-15 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2024-05-15
Exact text from the filing
Proposal Four: Capital Increase Proposal To approve the amendment to the Company’s certificate of incorporation to increase the authorized shares of its common stock from 300,000,000 shares to 1,000,000,000 shares.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
AIRWA INC. shareholders approved Separation Proposal at the 2024-05-15 meeting.
- Outcome
- passed
- Meeting
- 2024-05-15
Exact text from the filing
Proposal Six: Separation Proposal To approve the separation of the Company’s “Slinger Bag” business and products
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
AIRWA INC. shareholders approved Election of Directors at the 2024-05-15 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2024-05-15
Exact text from the filing
Proposal One: Election of Directors Proposal To approve the nominations of Mike Ballardie, Yonah Kalfa, Kirk Taylor, Stephen Crummey, and Rodney Rapson for election as directors at the Annual Meeting.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
AIRWA INC. shareholders approved Ratification of Appointment of Independent Registered Public Accounting Firm at the 2024-05-15 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2024-05-15
Exact text from the filing
Proposal Two: Ratification of Appointment of Independent Registered Public Accounting Firm Proposal To approve the appointment of Olayinka Oyebola & Co. to continue as our independent registered public accounting firm for the fiscal year ending April 30, 2024.
View on SEC.gov
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