secwatch.observer — SEC 8-K summary
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Issuer:     Awaysis Capital, Inc. (AWCA)
CIK:        0001021917
Form:       8-K
Filed at:   2024-09-17T23:59:59+00:00
Accession:  0001493152-24-036489
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 3.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Awaysis Capital issues 31.7M shares to three executives for past-due compensation totaling $7.8M
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- Michael Singh (Chairman/Co-CEO) received 14,071,153 shares for $3,469,665 in accrued salary and bonuses from Sep 2022 to Jun 2024.
- Andrew Trumbach (Co-CEO/CFO) received 14,071,153 shares for $3,469,665 in accrued compensation.
- Tyler Trumbach (Chief Legal Counsel/director) received 3,529,127 shares for $895,512 in accrued compensation.
- Shares issued at per-share prices ranging from $0.1202 to $1.1920; exempt from registration under Section 4(a)(2).
- Aggregate of 31,671,433 shares issued to settle approximately $7.8 million of compensation liabilities.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1021917/000149315224036489/0001493152-24-036489-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1021917/000149315224036489/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-036489

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