secwatch.observer — SEC 8-K summary
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Issuer:     Driveitaway Holdings, Inc. (DWAY)
CIK:        0001394638
Form:       8-K
Filed at:   2022-07-07T23:59:59+00:00
Accession:  0001731122-22-001193
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1394638/000173112222001193/0001731122-22-001193-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1394638/000173112222001193/e3891_8-k.htm
  HTML page:      https://secwatch.observer/filing/0001731122-22-001193

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer