---
schema_version: "secwatch.filing_event.v1"
accession: "0001731122-22-001849"
form_type: "8-K"
ticker: "DWAY"
cik: "0001394638"
company_name: "Driveitaway Holdings, Inc."
filed_at: "2022-11-04T23:59:59+00:00"
generated_at: "2026-06-22T06:41:46.899250+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# DriveItAway amends SPA with AJB Capital, waives defaults, issues 1M additional shares

## Summary
- Co. amended SPA with AJB, waived defaults for late 10-Q filing and temporary loss of bid price.
- Issued 1,000,000 additional Commitment Fee Shares to AJB as consideration for the waiver.
- Maturity of $750k AJB Note extended to Feb 24, 2023.
- Original Note: $750k principal, 10% interest, net proceeds $641k for working capital.
- AJB holds warrant for 1M shares at $0.30, expiring 2027.

## SEC filing metadata
- accession: 0001731122-22-001849
- form_type: 8-K
- ticker: DWAY
- cik: 0001394638
- company_name: Driveitaway Holdings, Inc.
- filed_at: 2022-11-04T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1394638/000173112222001849/0001731122-22-001849-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1394638/000173112222001849/e4190_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001731122-22-001849
- JSON: https://secwatch.observer/filing/0001731122-22-001849.json
- Plain text: https://secwatch.observer/filing/0001731122-22-001849.txt

## Key facts
- Material Agreements
  Driveitaway Holdings, Inc. amended First Amendment to the SPA with AJB Capital Investments, LLC (effective 2022-10-31).
  - Action: amendment
  - Agreement: equity purchase
  - Counterparty: AJB Capital Investments, LLC
  - Effective: 2022-10-31
  source text: On October 31, 2022, the Company and ABJ entered into a First Amendment to the SPA (“Amended SPA”), whereby ABJ agreed to waive certain events of default under the SPA and AJB Note, specifically the failure of the Company to timely file a quarterly report on Form 10-Q for the period ended March 31, 2022, and for the temporary loss of the “bid” price of the Company’s common stock.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1394638/000173112222001849/0001731122-22-001849-index.htm

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