secwatch.observer — SEC 8-K summary
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Issuer:     Awaysis Capital, Inc. (AWCA)
CIK:        0001021917
Form:       8-K/A
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0001493152-24-030607
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 5.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Awaysis Capital borrows $1.1M from insider Harthorne via convertible note at 12% interest
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- Principal $1.1M, 12% simple interest per annum, matures July 30, 2025.
- Convertible at $0.30/share into common stock at holder's option anytime before maturity.
- Proceeds to fund Casamora property development, working capital, and general corporate purposes.
- Lender Harthorne Capital is controlled by CEO Michael Singh, President Andrew Trumbach, and director Lisa-Marie Iannitelli.
- Note is unsecured and subordinated to senior indebtedness; prepayment permitted without penalty.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1021917/000149315224030607/0001493152-24-030607-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1021917/000149315224030607/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-030607

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