{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-020372","form_type":"8-K","ticker":"YYAI","cik":"0001674440","company_name":"AIRWA INC.","filed_at":"2024-05-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.528287+00:00","generated_at":"2026-06-01T16:07:24.236625+00:00","sec_items":["5.07","8.01","9.01","7.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Connexa shareholders approve acquisition of YYEM, change-in-control and Slinger Bag spin-off","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-020372","json":"https://secwatch.observer/filing/0001493152-24-020372.json","markdown":"https://secwatch.observer/filing/0001493152-24-020372.md","text":"https://secwatch.observer/filing/0001493152-24-020372.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1674440/000149315224020372/0001493152-24-020372-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1674440/000149315224020372/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T16:07:24.236625+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":"289feebc77fb968286ea7920843643a3d0dd0fb4","claim":"AIRWA INC. shareholders approved Share Exchange Proposal at the 2024-05-15 meeting.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1674440/000149315224020372/0001493152-24-020372-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2024-05-15"}],"fact_type":"shareholder_vote"},{"claim_id":"30ff1a61a2c3701df7d985cdf11ae82dae3e63ba","claim":"AIRWA INC. shareholders approved Amendment to October and December 2023 Warrants Exercise Price Proposal at the 2024-05-15 meeting.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1674440/000149315224020372/0001493152-24-020372-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2024-05-15"}],"fact_type":"shareholder_vote"},{"claim_id":"3ebccd33f552ca44e92f2c0d7672b0f3a063e04b","claim":"AIRWA INC. shareholders approved Reverse Stock Split Proposal at the 2024-05-15 meeting.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1674440/000149315224020372/0001493152-24-020372-index.htm","confidence":0.95,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"reverse split"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2024-05-15"}],"fact_type":"shareholder_vote"},{"claim_id":"4ad1ecc328c3907dcc101c7929491ed7f6f31203","claim":"AIRWA INC. shareholders approved Capital Increase Proposal at the 2024-05-15 meeting.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1674440/000149315224020372/0001493152-24-020372-index.htm","confidence":0.95,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"charter amendment"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2024-05-15"}],"fact_type":"shareholder_vote"},{"claim_id":"4b2e8f6c87f92ff44668bf2a896990190543a10d","claim":"AIRWA INC. shareholders approved Separation Proposal at the 2024-05-15 meeting.","evidence_excerpt":"Proposal Six: Separation Proposal To approve the separation of the Company’s “Slinger Bag” business and products","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1674440/000149315224020372/0001493152-24-020372-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2024-05-15"}],"fact_type":"shareholder_vote"},{"claim_id":"cefac3ab54ccb1fbe173b1f471c1615d23201fff","claim":"AIRWA INC. shareholders approved Election of Directors at the 2024-05-15 meeting.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1674440/000149315224020372/0001493152-24-020372-index.htm","confidence":0.95,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"director election"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2024-05-15"}],"fact_type":"shareholder_vote"},{"claim_id":"d3930bbc59999261a7d62fbe38de085944e5ca98","claim":"AIRWA INC. shareholders approved Ratification of Appointment of Independent Registered Public Accounting Firm at the 2024-05-15 meeting.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1674440/000149315224020372/0001493152-24-020372-index.htm","confidence":0.95,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"auditor ratification"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2024-05-15"}],"fact_type":"shareholder_vote"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}