--- schema_version: "secwatch.filing_event.v1" accession: "0001731122-22-000343" form_type: "8-K" ticker: "DWAY" cik: "0001394638" company_name: "Driveitaway Holdings, Inc." filed_at: "2022-03-02T23:59:59+00:00" generated_at: "2026-06-27T02:20:53.027756+00:00" event_type: "m_and_a" sentiment: "positive" materiality_score: 1.0 calibrated_materiality_score: 1.0 confidence: "high" source: SEC EDGAR --- # Creative Learning completes reverse merger with DriveItAway; DIA shareholders own 85% of combined company ## Summary - DriveItAway becomes wholly-owned subsidiary; DIA shareholders get Series A Preferred convertible into 85% of CLCN common stock. - $750k promissory note issued to AJB Capital at 10% interest, net proceeds $641,250 for working capital. - 4M unregistered commitment fee shares issued to AJB; warrant for 1M shares at $0.30/share, 5-year term. - John Possumato appointed CEO, Adam Potash COO; board consists of Possumato, Potash, and Paul Patrizio. - Company pivots to focus on DriveItAway's EV subscription-to-ownership platform for entry-level and credit-challenged consumers. ## SEC filing metadata - accession: 0001731122-22-000343 - form_type: 8-K - ticker: DWAY - cik: 0001394638 - company_name: Driveitaway Holdings, Inc. - filed_at: 2022-03-02T23:59:59+00:00 - event_type: m_and_a - sentiment: positive - materiality_score: 1.0 - calibrated_materiality_score: 1.0 - confidence: high - sec_items: 1.01, 2.01, 2.03, 3.02, 5.01, 5.02, 5.03, 7.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1394638/000173112222000343/0001731122-22-000343-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1394638/000173112222000343/e3545_8-k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001731122-22-000343 - JSON: https://secwatch.observer/filing/0001731122-22-000343.json - Plain text: https://secwatch.observer/filing/0001731122-22-000343.txt ## Key facts - Executive change John Possumato was appointed as Director at Driveitaway Holdings, Inc.. - Action: appointed - Role: Director source text: On February 24, 2022, by written consent of the Board, John Possumato, Adam Potash and Paul Patrizio were appointed directors, provided that the appointments of Messrs. Potash and Patrizio are not effective until ten days after an information statement pursuant to Rule 14f-1 is mailed to shareholders. evidence_url: https://www.sec.gov/Archives/edgar/data/1394638/000173112222000343/0001731122-22-000343-index.htm - Executive change Rod Whiton resigned as President at Driveitaway Holdings, Inc.. - Action: resigned - Role: President source text: On February 24, 2022, Rod Whiton resigned as President and Christopher Rego resigned as Chief Executive Officer. evidence_url: https://www.sec.gov/Archives/edgar/data/1394638/000173112222000343/0001731122-22-000343-index.htm - Executive change Christopher Rego resigned as Director at Driveitaway Holdings, Inc.. - Action: resigned - Role: Director source text: On February 24, 2022, Rod Whiton, Christopher Rego, Gary Zell and John Simento resigned as directors, provided that Mr. Whiton’s resignation is not effective until ten days after an information statement pursuant to Rule 14f-1 is mailed to shareholders. evidence_url: https://www.sec.gov/Archives/edgar/data/1394638/000173112222000343/0001731122-22-000343-index.htm - Executive change Rod Whiton resigned as Director at Driveitaway Holdings, Inc.. - Action: resigned - Role: Director source text: On February 24, 2022, Rod Whiton, Christopher Rego, Gary Zell and John Simento resigned as directors, provided that Mr. Whiton’s resignation is not effective until ten days after an information statement pursuant to Rule 14f-1 is mailed to shareholders. evidence_url: https://www.sec.gov/Archives/edgar/data/1394638/000173112222000343/0001731122-22-000343-index.htm - Executive change Adam Potash was appointed as Chief Operating Officer at Driveitaway Holdings, Inc.. - Action: appointed - Role: Chief Operating Officer source text: On February 24, 2022, John Possumato was appointed Chief Executive Officer and Adam Potash was appointed Chief Operating Officer. evidence_url: https://www.sec.gov/Archives/edgar/data/1394638/000173112222000343/0001731122-22-000343-index.htm - Executive change Paul Patrizio was appointed as Director at Driveitaway Holdings, Inc.. - Action: appointed - Role: Director source text: On February 24, 2022, by written consent of the Board, John Possumato, Adam Potash and Paul Patrizio were appointed directors, provided that the appointments of Messrs. Potash and Patrizio are not effective until ten days after an information statement pursuant to Rule 14f-1 is mailed to shareholders. evidence_url: https://www.sec.gov/Archives/edgar/data/1394638/000173112222000343/0001731122-22-000343-index.htm - Executive change Gary Zell resigned as Director at Driveitaway Holdings, Inc.. - Action: resigned - Role: Director source text: On February 24, 2022, Rod Whiton, Christopher Rego, Gary Zell and John Simento resigned as directors, provided that Mr. Whiton’s resignation is not effective until ten days after an information statement pursuant to Rule 14f-1 is mailed to shareholders. evidence_url: https://www.sec.gov/Archives/edgar/data/1394638/000173112222000343/0001731122-22-000343-index.htm - Executive change John Simento resigned as Director at Driveitaway Holdings, Inc.. - Action: resigned - Role: Director source text: On February 24, 2022, Rod Whiton, Christopher Rego, Gary Zell and John Simento resigned as directors, provided that Mr. Whiton’s resignation is not effective until ten days after an information statement pursuant to Rule 14f-1 is mailed to shareholders. evidence_url: https://www.sec.gov/Archives/edgar/data/1394638/000173112222000343/0001731122-22-000343-index.htm - Executive change Adam Potash was appointed as Director at Driveitaway Holdings, Inc.. - Action: appointed - Role: Director source text: On February 24, 2022, by written consent of the Board, John Possumato, Adam Potash and Paul Patrizio were appointed directors, provided that the appointments of Messrs. Potash and Patrizio are not effective until ten days after an information statement pursuant to Rule 14f-1 is mailed to shareholders. evidence_url: https://www.sec.gov/Archives/edgar/data/1394638/000173112222000343/0001731122-22-000343-index.htm - Executive change Christopher Rego resigned as Chief Executive Officer at Driveitaway Holdings, Inc.. - Action: resigned - Role: Chief Executive Officer source text: On February 24, 2022, Rod Whiton resigned as President and Christopher Rego resigned as Chief Executive Officer. evidence_url: https://www.sec.gov/Archives/edgar/data/1394638/000173112222000343/0001731122-22-000343-index.htm - Executive change John Possumato was appointed as Chief Executive Officer at Driveitaway Holdings, Inc.. - Action: appointed - Role: Chief Executive Officer source text: On February 24, 2022, John Possumato was appointed Chief Executive Officer and Adam Potash was appointed Chief Operating Officer. evidence_url: https://www.sec.gov/Archives/edgar/data/1394638/000173112222000343/0001731122-22-000343-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.