secwatch.observer — SEC 8-K summary
======================================

Issuer:     Driveitaway Holdings, Inc. (DWAY)
CIK:        0001394638
Form:       8-K
Filed at:   2022-11-21T23:59:59+00:00
Accession:  0001731122-22-002020
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

DriveItAway raises $200K via secured convertible notes and warrants; proceeds for EV acquisition
--------------------------------------------------------------------------------

- Raised $200,000 via private placement of four Units at $50,000 each; net proceeds $180,000.
- Each Unit includes a 24-month 15% secured convertible note convertible at $0.20/share.
- Each Unit also includes a warrant to purchase 25,000 shares at $0.30/share, exercisable for 5 years.
- Notes secured by all company vehicles; default interest rate increases by 500 bps.
- Net proceeds used to acquire five electric vehicles and for general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1394638/000173112222002020/0001731122-22-002020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1394638/000173112222002020/e4244_8k.htm
  HTML page:      https://secwatch.observer/filing/0001731122-22-002020

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