{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-25-005236","form_type":"8-K/A","ticker":"YYAI","cik":"0001674440","company_name":"AIRWA INC.","filed_at":"2025-02-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:04.399509+00:00","generated_at":"2026-05-27T01:41:54.042286+00:00","sec_items":["2.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Connexa completes 70% acquisition of YYEM, gains control via cash and stock issuance","bullets":["Acquired 20% of YYEM for $16.5M cash on March 20, 2024; additional 50% for 8,127,572 shares on Nov 21, 2024.","Seller Hongyu Zhou received ~55.8% of Connexa common stock, resulting in a change of control.","YYEM unaudited nine-month revenue $9.8M, net income $6.06M for period ended Oct 31, 2024.","Connexa sold legacy Slinger Bag business to NewCo for $1 as part of the transaction structure.","Pro forma combined net loss for twelve months ended Apr 30, 2024 reduced to $14.5M from $15.6M standalone."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-25-005236","json":"https://secwatch.observer/filing/0001493152-25-005236.json","markdown":"https://secwatch.observer/filing/0001493152-25-005236.md","text":"https://secwatch.observer/filing/0001493152-25-005236.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1674440/000149315225005236/0001493152-25-005236-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1674440/000149315225005236/form8-ka.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-27T01:41:54.042286+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":"3a0d8e4d7d0c0cf46efe2fe2a18a23ffa96ddf40","claim":"AIRWA INC. completed an acquisition involving Yuanyu Enterprise Management Co., Limited for issuance of shares of the Company's common stock (closed 2024-11-21).","evidence_excerpt":"the completion, on November 21, 2024, of the acquisition of a majority of Yuanyu Enterprise Management Co., Limited","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1674440/000149315225005236/0001493152-25-005236-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Yuanyu Enterprise Management Co., Limited"},{"label":"Consideration","value":"issuance of shares of the Company's common stock"},{"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"}