secwatch / observer
8-K filed February 16, 2023, 6:59 PM ET ticker DWAY CIK 0001394638
debt confidence high sentiment negative materiality 0.60

DriveItAway amends AJB note: principal +$85K, maturity to May 2023, warrant shares doubled to 2M at $0.05

Driveitaway Holdings, Inc.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Driveitaway Holdings, Inc. amended Amended and Restated Common Stock Purchase Warrant with AJB Capital Investments, LLC (effective 2023-02-10).

Action
amendment
Agreement
equity purchase
Counterparty
AJB Capital Investments, LLC
Effective
2023-02-10
Exact text from the filing
As consideration for the Amended Note and Second Amended SPA, the Company issued AJB the Amended Warrant, pursuant to which the number of shares issuable under the Amended Warrant will be increased to 2,000,000 and the exercise price redefined to be $0.05.
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Driveitaway Holdings, Inc. amended First Amendment to the Promissory Note with AJB Capital Investments, LLC valued at $85,000 (effective 2023-02-10).

Action
amendment
Agreement
credit facility
Counterparty
AJB Capital Investments, LLC
Value
$85,000
Effective
2023-02-10
Exact text from the filing
On February 10, 2023, the Company and AJB entered into a First Amendment to the Promissory Note (the “Amended Note”), pursuant to which the (a) principal amount of the Note will be increased by $85,000 and such amount shall be disbursed to the Company for exclusive use to pay certain third party vendors of the Company as provided in the Amended Note; and (b) to extend the Maturity Date to May 24, 2023.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Driveitaway Holdings, Inc. amended Second Amendment to the Securities Purchase Agreement with AJB Capital Investments, LLC (effective 2023-02-10).

Action
amendment
Agreement
equity purchase
Counterparty
AJB Capital Investments, LLC
Effective
2023-02-10
Exact text from the filing
In addition, the Company and AJB entered into the Second Amendment to the Securities Purchase Agreement (the “Second Amended SPA”) reflecting certain additional amendments in contemplation of the Note Amendment, and the Amended and Restated Common Stock Purchase Warrant (the “Amended Warrant”), as defined below.
View on SEC.gov

38 material agreements filed in the last 30 days. Browse all material agreements →

Driveitaway Holdings, Inc. filing history →

Source: SEC EDGAR
accession 0001731122-23-000228
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