secwatch.observer — SEC 8-K summary
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Issuer:     AIRWA INC. (YYAI)
CIK:        0001674440
Form:       8-K/A
Filed at:   2026-04-20T23:59:59+00:00
Accession:  0001493152-26-017959
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1674440/000149315226017959/0001493152-26-017959-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1674440/000149315226017959/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-017959

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