--- 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" generated_at: "2026-06-01T16:07:24.236625+00:00" event_type: "other_material" sentiment: "neutral" materiality_score: 0.85 calibrated_materiality_score: 0.85 confidence: "high" source: SEC EDGAR --- # Connexa shareholders approve acquisition of YYEM, change-in-control and Slinger Bag spin-off ## Summary - 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. ## SEC filing metadata - 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 - event_type: other_material - sentiment: neutral - materiality_score: 0.85 - calibrated_materiality_score: 0.85 - confidence: high - sec_items: 5.07, 8.01, 9.01, 7.01 - 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 ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001493152-24-020372 - JSON: https://secwatch.observer/filing/0001493152-24-020372.json - Plain text: https://secwatch.observer/filing/0001493152-24-020372.txt ## 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_url: https://www.sec.gov/Archives/edgar/data/1674440/000149315224020372/0001493152-24-020372-index.htm - 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_url: https://www.sec.gov/Archives/edgar/data/1674440/000149315224020372/0001493152-24-020372-index.htm - 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_url: https://www.sec.gov/Archives/edgar/data/1674440/000149315224020372/0001493152-24-020372-index.htm - 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_url: https://www.sec.gov/Archives/edgar/data/1674440/000149315224020372/0001493152-24-020372-index.htm - 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_url: https://www.sec.gov/Archives/edgar/data/1674440/000149315224020372/0001493152-24-020372-index.htm - 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_url: https://www.sec.gov/Archives/edgar/data/1674440/000149315224020372/0001493152-24-020372-index.htm - 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_url: https://www.sec.gov/Archives/edgar/data/1674440/000149315224020372/0001493152-24-020372-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.