secwatch.observer — SEC 8-K summary
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Issuer:     Awaysis Capital, Inc. (AWCA)
CIK:        0001021917
Form:       8-K
Filed at:   2025-04-18T23:59:59+00:00
Accession:  0001641172-25-005352
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Awaysis Capital extends maturity of $1.5M secured note to July 15, 2025
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1021917/000164117225005352/0001641172-25-005352-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1021917/000164117225005352/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-005352

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