DriveitAway raises $250,000 via secured convertible notes and warrants for EV acquisitions

Driveitaway Holdings, Inc.

Closed on $250,000 aggregate investment from two investors for five Units at $50,000/Unit.
Each Unit includes a 24-month Secured Convertible Note at 15% interest, convertible at $0.20/share.
Each Unit also includes a warrant for 25,000 shares at $0.30/share exercisable for five years.
Net proceeds of $230,000 (after legal/diligence costs) to be used for EV vehicle purchases and working capital.
Notes are secured by all company vehicles and include piggyback registration rights.

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