---
schema_version: "secwatch.filing_event.v1"
accession: "0001731122-23-000323"
form_type: "8-K"
ticker: "DWAY"
cik: "0001394638"
company_name: "Driveitaway Holdings, Inc."
filed_at: "2023-03-07T23:59:59+00:00"
generated_at: "2026-06-18T09:32:01.423345+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# DriveItAway raises $62,500 via 15% promissory notes and warrants

## Summary
- Raised $62,500 from four accredited investors via 120-day 15% notes due June 30, 2023.
- Issued warrants to purchase up to 125,000 shares at $0.05 per share, exercisable for 5 years.
- Net proceeds will be used for working capital and general corporate purposes.
- Warrants include beneficial ownership limitation and are exercisable immediately.

## SEC filing metadata
- accession: 0001731122-23-000323
- form_type: 8-K
- ticker: DWAY
- cik: 0001394638
- company_name: Driveitaway Holdings, Inc.
- filed_at: 2023-03-07T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1394638/000173112223000323/0001731122-23-000323-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1394638/000173112223000323/e4770_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001731122-23-000323
- JSON: https://secwatch.observer/filing/0001731122-23-000323.json
- Plain text: https://secwatch.observer/filing/0001731122-23-000323.txt

## Key facts
- Debt Financings
  Driveitaway Holdings, Inc. incurred loan of $62,500 at 15% maturing June 30, 2023.
  - Instrument: loan
  - Principal: $62,500
  - Rate: 15%
  - Maturity: June 30, 2023
  - Event: incurrence
  source text: On March 1, 2023, DriveitAway Holdings, Inc. (the “ Company ”) closed on a transaction with four (4) investors pursuant to respective Subscription Agreements for an aggregate amount of $62,500. Each investor was issued a Promissory Note, dated March 1, 2023 (the “Note”), for their respective investment amounts at an interest rate of 15%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1394638/000173112223000323/0001731122-23-000323-index.htm
- Material Agreements
  Driveitaway Holdings, Inc. entered into Common Stock Purchase Warrant with four investors valued at 125,000 warrants, exercise price $0.05 per share (effective 2023-03-01).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: four investors
  - Value: 125,000 warrants, exercise price $0.05 per share
  - Effective: 2023-03-01
  source text: In addition, each investor was issued a Common Stock Purchase Warrant (the "Warrant") by the Company in an amount equal to two times the amount of their respective investments, for an aggregate amount of 125,000 warrants, at an exercise price of $0.05 per share, exercisable within five (5) years from the date of issuance.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1394638/000173112223000323/0001731122-23-000323-index.htm
- Material Agreements
  Driveitaway Holdings, Inc. entered into Subscription Agreement with four investors valued at Aggregate investment $62,500 (effective 2023-03-01).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: four investors
  - Value: Aggregate investment $62,500
  - Effective: 2023-03-01
  source text: On March 1, 2023, DriveitAway Holdings, Inc. (the " Company ") closed on a transaction with four (4) investors pursuant to respective Subscription Agreements for an aggregate amount of $62,500.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1394638/000173112223000323/0001731122-23-000323-index.htm
- Material Agreements
  Driveitaway Holdings, Inc. entered into Promissory Note with four investors valued at $62,500 aggregate principal, interest rate 15% (effective 2023-03-01).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: four investors
  - Value: $62,500 aggregate principal, interest rate 15%
  - Effective: 2023-03-01
  source text: On March 1, 2023, DriveitAway Holdings, Inc. (the " Company ") closed on a transaction with four (4) investors pursuant to respective Subscription Agreements for an aggregate amount of $62,500. Each investor was issued a Promissory Note, dated March 1, 2023 (the "Note"), for their respective investment amounts at an interest rate of 15%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1394638/000173112223000323/0001731122-23-000323-index.htm

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