---
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"
generated_at: "2026-05-27T01:41:54.042286+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Connexa completes 70% acquisition of YYEM, gains control via cash and stock issuance

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-005236
- JSON: https://secwatch.observer/filing/0001493152-25-005236.json
- Plain text: https://secwatch.observer/filing/0001493152-25-005236.txt

## Key facts
- M&A Transactions
  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).
  - Action: acquisition
  - Counterparty: Yuanyu Enterprise Management Co., Limited
  - Consideration: issuance of shares of the Company's common stock
  - Closing: 2024-11-21
  source text: the completion, on November 21, 2024, of the acquisition of a majority of Yuanyu Enterprise Management Co., Limited
  evidence_url: https://www.sec.gov/Archives/edgar/data/1674440/000149315225005236/0001493152-25-005236-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.