---
schema_version: "secwatch.filing_event.v1"
accession: "0001731122-21-002131"
form_type: "8-K"
ticker: "DWAY"
cik: "0001394638"
company_name: "Driveitaway Holdings, Inc."
filed_at: "2021-12-14T23:59:59+00:00"
generated_at: "2026-06-28T01:13:31.549101+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Creative Learning to acquire DriveItAway via share exchange; DIA shareholders to own 85% of combined company

## Summary
- Acquires DriveItAway, a dealer-focused mobility platform, in a share exchange where DIA shareholders receive Series A Preferred convertible to 85% of CLCN common stock.
- Upon closing, current directors and officers resign; John Possumato becomes CEO, Adam Potash COO, and Paul Patrizio appointed to board.
- Separately, CLCN to sell its learning business (five subsidiaries) to StroomX LLC, controlled by current CEO Chris Rego, post-closing.
- A private offering of Units (common + warrant) at $0.20/Unit seeks minimum $700k, maximum $1.5M; proceeds for transaction costs and DIA working capital.
- Closing conditions include audit of DIA financials by Jan 31, 2022, completion of $700k offering, and SEC Rule 14f-1 information statement distribution.

## SEC filing metadata
- accession: 0001731122-21-002131
- form_type: 8-K
- ticker: DWAY
- cik: 0001394638
- company_name: Driveitaway Holdings, Inc.
- filed_at: 2021-12-14T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1394638/000173112221002131/0001731122-21-002131-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1394638/000173112221002131/e3359_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001731122-21-002131
- JSON: https://secwatch.observer/filing/0001731122-21-002131.json
- Plain text: https://secwatch.observer/filing/0001731122-21-002131.txt

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