---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-017959"
form_type: "8-K/A"
ticker: "YYAI"
cik: "0001674440"
company_name: "AIRWA INC."
filed_at: "2026-04-20T23:59:59+00:00"
generated_at: "2026-05-15T05:20:19.670547+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# AiRWA closes $140M acquisition of Aberfeldy Holdings; Rafael posts $25.2M revenue, $3.8M net income

## Summary
- Acquired Aberfeldy Holdings (owner of 26 Rafael Sdn. Bhd.) for $140M cash, closed Jan 30, 2026.
- Rafael FY2025 revenue $25.22M (94% YoY growth); net income $3.83M ($0.82M prior year).
- Gross profit $6.79M (27% margin); income from operations $5.05M.
- Cash & equivalents $4.03M at Apr 30, 2025; contract liabilities $7.85M.
- Pro forma combined financials filed; company trades on Nasdaq as YYAI.

## SEC filing metadata
- accession: 0001493152-26-017959
- form_type: 8-K/A
- ticker: YYAI
- cik: 0001674440
- company_name: AIRWA INC.
- filed_at: 2026-04-20T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1674440/000149315226017959/0001493152-26-017959-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1674440/000149315226017959/form8-ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-017959
- JSON: https://secwatch.observer/filing/0001493152-26-017959.json
- Plain text: https://secwatch.observer/filing/0001493152-26-017959.txt

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