---
schema_version: "secwatch.filing_event.v1"
accession: "0001731122-23-000228"
form_type: "8-K"
ticker: "DWAY"
cik: "0001394638"
company_name: "Driveitaway Holdings, Inc."
filed_at: "2023-02-16T23:59:59+00:00"
generated_at: "2026-06-19T09:04:18.265555+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- Promissory note principal increased by $85,000 to $835,000; maturity extended to May 24, 2023.
- Amended warrant issued for 2,000,000 shares at $0.05 exercise price, replacing 1,000,000 shares at $0.30.
- Additional proceeds ($81,500 net of fees) disbursed directly to company vendors per side letter.
- Company and AJB waived prior defaults (late filing, loss of bid price) in earlier Oct 2022 amendment.

## SEC filing metadata
- accession: 0001731122-23-000228
- form_type: 8-K
- ticker: DWAY
- cik: 0001394638
- company_name: Driveitaway Holdings, Inc.
- filed_at: 2023-02-16T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1394638/000173112223000228/0001731122-23-000228-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1394638/000173112223000228/e4427_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001731122-23-000228
- JSON: https://secwatch.observer/filing/0001731122-23-000228.json
- Plain text: https://secwatch.observer/filing/0001731122-23-000228.txt

## Key facts
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1394638/000173112223000228/0001731122-23-000228-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1394638/000173112223000228/0001731122-23-000228-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1394638/000173112223000228/0001731122-23-000228-index.htm

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