secwatch.observer — SEC 8-K summary
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Issuer:     Driveitaway Holdings, Inc. (DWAY)
CIK:        0001394638
Form:       8-K
Filed at:   2022-11-04T23:59:59+00:00
Accession:  0001731122-22-001849
Event type: debt
Sentiment:  negative
Materiality: 0.50
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1394638/000173112222001849/0001731122-22-001849-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1394638/000173112222001849/e4190_8k.htm
  HTML page:      https://secwatch.observer/filing/0001731122-22-001849

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