secwatch.observer — SEC 8-K summary
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Issuer:     Awaysis Capital, Inc. (AWCA)
CIK:        0001021917
Form:       8-K
Filed at:   2025-01-07T23:59:59+00:00
Accession:  0001493152-25-001251
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Awaysis Capital completes $5.5M acquisition of Chial Mountain assets in Belize via insider notes
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- Purchase price $5.5M: $2.4M cash, $1.5M zero-interest promissory note, $1.6M convertible note at 3.5% to Chairman/Co-CEO Michael Singh.
- Acquired all stock and assets of Chial Mountain, including ~21 acres with 35 villas in Cayo District, Belize for Awaysis branded residential enclave.
- Notes are secured by first priority liens on substantially all company assets; convertible note converts at prior day's closing price.
- Seller Chial Mountain is an affiliate of Michael Singh; Awaysis Belize was formed by Singh and Trumbach and transferred to Awaysis Capital for nominal $10.
- Company plans to further develop and renovate villas; will file historical/pro forma financials later.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1021917/000149315225001251/0001493152-25-001251-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1021917/000149315225001251/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-001251

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