---
schema_version: "secwatch.filing_event.v1"
accession: "0001731122-22-000494"
form_type: "8-K"
ticker: "DWAY"
cik: "0001394638"
company_name: "Driveitaway Holdings, Inc."
filed_at: "2022-03-21T23:59:59+00:00"
generated_at: "2026-06-26T21:19:26.503053+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 sells all learning subsidiaries to CEO-controlled entity for $150,000

## Summary
- Sold all learning subsidiaries (Learning Business) to StroomX LLC, controlled by CEO Christopher Rego, for $150,000.
- Consideration includes $50k set-off of severance owed to Rego and $100k promissory note due April 20, 2022; note may be satisfied by delivery of at least 500k shares of common stock.
- Sale closed March 18, 2022; purchaser assumed all liabilities of Learning Business and agreed to indemnify company.
- All four directors (Whiton, Rego, Zell, Simento) resigned effective March 15, 2022; replaced by Possumato, Potash, Patrizio.

## SEC filing metadata
- accession: 0001731122-22-000494
- form_type: 8-K
- ticker: DWAY
- cik: 0001394638
- company_name: Driveitaway Holdings, Inc.
- filed_at: 2022-03-21T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1394638/000173112222000494/0001731122-22-000494-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1394638/000173112222000494/e3630_8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001731122-22-000494
- JSON: https://secwatch.observer/filing/0001731122-22-000494.json
- Plain text: https://secwatch.observer/filing/0001731122-22-000494.txt

## Key facts
- 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 would not be 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/1394638/000173112222000494/0001731122-22-000494-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 would not be 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/1394638/000173112222000494/0001731122-22-000494-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 would not be 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/1394638/000173112222000494/0001731122-22-000494-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 would not be 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/1394638/000173112222000494/0001731122-22-000494-index.htm
- 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 would not be 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/1394638/000173112222000494/0001731122-22-000494-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 would not be 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/1394638/000173112222000494/0001731122-22-000494-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 would not be 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/1394638/000173112222000494/0001731122-22-000494-index.htm

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