{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-047624","form_type":"8-K","ticker":"YYAI","cik":"0001674440","company_name":"AIRWA INC.","filed_at":"2024-11-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:09.188920+00:00","generated_at":"2026-05-29T18:55:46.361586+00:00","sec_items":["1.01","2.01","5.02","3.02","5.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"Connexa Sports completes acquisition of 70% of Yuanyu for $56M; controlling owner gets 55.8% stake","bullets":["Acquired 70% of Yuanyu Enterprise Management for $56M; $16.5M cash paid Mar 2024, 8,127,572 shares issued Nov 21, 2024.","Change of control: Hongyu Zhou becomes beneficial owner of ~55.8% of Connexa common stock; all prior directors and officers resigned.","New board and officers appointed: CEO Thomas Tarala, CFO Guibao Ji, and directors Zhou, Thomson, C. Liu, K. Liu.","Legacy Slinger Bag business sold to NewCo for $1.00; NewCo owned by former executives Ballardie, Kalfa, Honickman, Radom.","Company will change name to Yuanyu, Inc. by end of 2024; stock symbol YYAI remains."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-047624","json":"https://secwatch.observer/filing/0001493152-24-047624.json","markdown":"https://secwatch.observer/filing/0001493152-24-047624.md","text":"https://secwatch.observer/filing/0001493152-24-047624.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1674440/000149315224047624/0001493152-24-047624-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1674440/000149315224047624/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-29T18:55:46.361586+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":"2d51ba0be7","claim":"Warren Thomson was appointed as Director at AIRWA INC..","evidence_excerpt":"Warren Thomson 48 Director","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1674440/000149315224047624/0001493152-24-047624-index.htm","confidence":0.85,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"42e2abae31","claim":"Juda Honickman resigned as Executive Officer at AIRWA INC..","evidence_excerpt":"all of the executive officers of the Company, namely, Mike Ballardie, Juda Honickman, Mark Radom, and Yonah Kalfa, resigned from their respective positions with the Company, effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1674440/000149315224047624/0001493152-24-047624-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"830786240f","claim":"Chenlong Liu was appointed as Director at AIRWA INC..","evidence_excerpt":"Chenlong Liu 35 Director","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1674440/000149315224047624/0001493152-24-047624-index.htm","confidence":0.85,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"8ed18673e9","claim":"Hongyu Zhou was appointed as Director at AIRWA INC..","evidence_excerpt":"Hongyu Zhou 36 Director","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1674440/000149315224047624/0001493152-24-047624-index.htm","confidence":0.85,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"938f3cf649","claim":"Stephen Crummey resigned as Director at AIRWA INC..","evidence_excerpt":"all of the directors of the Company, namely, Mike Ballardie, Yonah Kalfa, Kirk Taylor, Stephen Crummey, and Rodney Rapson, resigned from the Board of Directors","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1674440/000149315224047624/0001493152-24-047624-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"a6782234dd","claim":"Yonah Kalfa resigned as Executive Officer and Director at AIRWA INC..","evidence_excerpt":"all of the executive officers of the Company, namely, Mike Ballardie, Juda Honickman, Mark Radom, and Yonah Kalfa, resigned from their respective positions with the Company, effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1674440/000149315224047624/0001493152-24-047624-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Executive Officer and Director"}],"fact_type":"executive_change"},{"claim_id":"ad1f06004c","claim":"Rodney Rapson resigned as Director at AIRWA INC..","evidence_excerpt":"all of the directors of the Company, namely, Mike Ballardie, Yonah Kalfa, Kirk Taylor, Stephen Crummey, and Rodney Rapson, resigned from the Board of Directors","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1674440/000149315224047624/0001493152-24-047624-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"bf2f893f2f","claim":"Guibao Ji was appointed as Chief Financial Officer at AIRWA INC..","evidence_excerpt":"Guibao Ji 60 Chief Financial Officer","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1674440/000149315224047624/0001493152-24-047624-index.htm","confidence":0.8,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Financial Officer"}],"fact_type":"executive_change"},{"claim_id":"caa87f08b7","claim":"Thomas Tarala was appointed as Chief Executive Officer and Director at AIRWA INC..","evidence_excerpt":"Thomas Tarala 58 Chief Executive Officer and Director","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1674440/000149315224047624/0001493152-24-047624-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Executive Officer and Director"}],"fact_type":"executive_change"},{"claim_id":"d09f34f0e3","claim":"Kirk Taylor resigned as Director at AIRWA INC..","evidence_excerpt":"all of the directors of the Company, namely, Mike Ballardie, Yonah Kalfa, Kirk Taylor, Stephen Crummey, and Rodney Rapson, resigned from the Board of Directors","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1674440/000149315224047624/0001493152-24-047624-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"d76e21ff67","claim":"Mark Radom resigned as Executive Officer at AIRWA INC..","evidence_excerpt":"all of the executive officers of the Company, namely, Mike Ballardie, Juda Honickman, Mark Radom, and Yonah Kalfa, resigned from their respective positions with the Company, effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1674440/000149315224047624/0001493152-24-047624-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"eb3c40bfdf","claim":"Mike Ballardie resigned as Executive Officer and Director at AIRWA INC..","evidence_excerpt":"all of the executive officers of the Company, namely, Mike Ballardie, Juda Honickman, Mark Radom, and Yonah Kalfa, resigned from their respective positions with the Company, effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1674440/000149315224047624/0001493152-24-047624-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Executive Officer and Director"}],"fact_type":"executive_change"},{"claim_id":"f6fc9ea838","claim":"Kong Liu was appointed as Director at AIRWA INC..","evidence_excerpt":"Kong Liu 35 Director","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1674440/000149315224047624/0001493152-24-047624-index.htm","confidence":0.85,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"102dc1e04480c1627979145ffd6916783a474f96","claim":"AIRWA INC. completed a disposition involving J&M Sports LLC for $1.00 (closed 2024-11-21).","evidence_excerpt":"on November 21, 2024, the Company entered into a separation and assignment agreement (the “ Separation Agreement ”) with J&M Sports LLC, a Florida limited liability company (“ NewCo ”), to sell, transfer and assign all or substantially all of its legacy business, assets and liabilities related to or necessary for the operations of its “Slinger Bag” business or products (the “ Legacy Business ”) to NewCo, in consideration for $1.00.","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1674440/000149315224047624/0001493152-24-047624-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"J&M Sports LLC"},{"label":"Consideration","value":"$1.00"},{"label":"Closing","value":"2024-11-21"}],"fact_type":"ma_transaction"},{"claim_id":"60083cfd36fb57f200ee58832d919a3ea5d57ee6","claim":"AIRWA INC. underwent a change of control involving Mr. Hongyu Zhou (closed 2024-11-21).","evidence_excerpt":"As a result of the closing of the Transaction, a change of control of the Company occurred as the Seller became the owner of approximately 55.8% of the issued and outstanding shares of Common Stock and the board of directors of the Company (the “ Board of Directors ”) currently comprises individuals designated by the Seller.","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1674440/000149315224047624/0001493152-24-047624-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"change of control"},{"label":"Counterparty","value":"Mr. Hongyu Zhou"},{"label":"Closing","value":"2024-11-21"}],"fact_type":"ma_transaction"},{"claim_id":"7983b4d9d0e0e5ff4e7be07d9097560f678deba2","claim":"AIRWA INC. completed an acquisition involving Mr. Hongyu Zhou for $56 million (closed 2024-11-21).","evidence_excerpt":"Agreements ”) to acquire a total of 70% of the issued and outstanding ordinary shares of YYEM from the sole shareholder of YYEM, Mr. Hongyu Zhou (the “ Seller ”), for a combined $56 million. $16.5 million of this amount was paid in cash on March 20, 2024 pursuant to the Share Purchase Agreement to acquire 20% of YYEM. On November 18, 2024, The Nasdaq Stock Market","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1674440/000149315224047624/0001493152-24-047624-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Mr. Hongyu Zhou"},{"label":"Consideration","value":"$56 million"},{"label":"Closing","value":"2024-11-21"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}