secwatch.observer — SEC 8-K summary
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Issuer:     Awaysis Capital, Inc. (AWCA)
CIK:        0001021917
Form:       8-K
Filed at:   2024-12-30T23:59:59+00:00
Accession:  0001493152-24-052477
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud

Awaysis Capital borrows $2.75M from affiliate BOS Investment under secured line of credit
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- Borrowed $2,750,000 from BOS Investment Inc. under a $3,000,000 secured promissory note, replacing prior $250,000 note.
- Note bears 3.5% interest and is secured by first priority lien on substantially all assets of the company.
- Proceeds to be used for acquisition of operating property in Belize from Chial Mountain Ltd. and development of Awaysis Casamora property.
- Repayment schedule: $110,000 by Jan 10, 2025 (deferred), $2,500,000 by Feb 15, 2025, balance by June 1, 2025.
- BOS Investment is an affiliate of Chairman and Co-CEO Michael Singh, making this a related-party transaction.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1021917/000149315224052477/0001493152-24-052477-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1021917/000149315224052477/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-052477

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