secwatch.observer — SEC 8-K summary
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Issuer:     Driveitaway Holdings, Inc. (DWAY)
CIK:        0001394638
Form:       8-K
Filed at:   2022-03-21T23:59:59+00:00
Accession:  0001731122-22-000494
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 2.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Creative Learning sells all learning subsidiaries to CEO-controlled entity for $150,000
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1394638/000173112222000494/0001731122-22-000494-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1394638/000173112222000494/e3630_8-k.htm
  HTML page:      https://secwatch.observer/filing/0001731122-22-000494

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