Awaysis Capital, Inc. (AWCA): M&A transaction — Awaysis Capital acquires Chial Properties in Belize for $5.5M from Chairman Michael Singh

Awaysis Capital, Inc.

Total purchase price $5.5M: $2.4M cash, $1.5M secured promissory note (0% interest, due Feb 2025 or uplisting), $1.6M convertible note (3.5%, due June 2025).
Seller is Chairman/Co-CEO Michael Singh via affiliate; transaction is related party.
Assets include over 63 acres in Cayo District, Belize, with ~35 villas (59,000 sq ft) for Awaysis branded development.
Both promissory notes are secured by first-priority liens on substantially all of Awaysis' assets.

item 1.01 item 2.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Awaysis Capital, Inc. completed an acquisition involving Chial Mountain Ltd for $5,500,000 (closed 2024-12-31).

Action: acquisition
Counterparty: Chial Mountain Ltd
Consideration: $5,500,000
Closing: 2024-12-31

Exact text from the filing

brought against Chial Mountain related to a lease that was not disclosed prior to the closing of the Transaction. The aggregate estimated purchase price for the Transaction is $5,500,000, subject to potential adjustments, consisting of: (i) $2,400,000 in cash; (ii) a $1,500,000 secured promissory note, dated December 21, 2024, between the Company and Michael Singh

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Awaysis Capital, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-25-005037

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