Awaysis Capital, Inc. (AWCA): debt financing — Awaysis Capital extends maturity of $1.5M secured note to July 15, 2025

Awaysis Capital, Inc.

Amendment dated Feb 15, 2025 extends maturity of $1.5M zero-interest secured promissory note to earlier of July 15, 2025 or NYSE American listing.
Amendment also extends post-closing appraisal adjustment timeline to 120 days after appraisal.
Sellers of Chial Mountain Ltd. include Michael Singh, Chairman and Co-CEO of Awaysis Capital.
Amendment clarifies that UCC-1 filings on Chial Mountain assets secure the promissory notes.
Original purchase price remains $5.5M, with $2.4M cash, $1.5M secured note, and $1.6M convertible note.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Awaysis Capital, Inc. amended loan with Chial Mountain maturing earlier of July 15, 2025 or the up-listing of the Company to the NYSE American.

Instrument: loan
Counterparty: Chial Mountain
Maturity: earlier of July 15, 2025 or the up-listing of the Company to the NYSE American
Event: amendment

Exact text from the filing

the Company and Chial Mountain entered into an Amendment dated February 15, 2025 (the “Amendment”), to the Asset Purchase Agreement and to the Promissory Note, to, among other things, amend the maturity date of the Promissory Note to the earlier of July 15, 2025 or the up-listing of the Company to the NYSE American

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Awaysis Capital, Inc. filing history →

Source: SEC EDGAR

accession 0001641172-25-005352

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