{"schema_version":"secwatch.filing_event.v1","accession":"0001731122-24-000751","form_type":"8-K","ticker":"DWAY","cik":"0001394638","company_name":"Driveitaway Holdings, Inc.","filed_at":"2024-05-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.219877+00:00","generated_at":"2026-06-02T17:16:03.558873+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"DriveitAway subsidiary DIA Leasing enters $2M line of credit at 15%; issues warrant for 5M shares","bullets":["DIA Leasing, LLC obtains up to $2M line of credit from an investor for motor vehicle purchases; interest rate 15% per annum.","DriveitAway issues prefunded warrant to purchase up to 5M shares of common stock to the lender as additional consideration.","Line of credit allows up to eight draws of $250K each over 180 days; repayment: interest-only first 3 months, then 48-month amortization, balloon at 18 months.","Loans secured by liens on vehicle titles; DriveitAway acts as guarantor; no outstanding loans or letters of credit as of March 1, 2024.","Proceeds must be used solely for purchasing motor vehicles; commitment fee of 2% of each disbursement applies."],"urls":{"canonical":"https://secwatch.observer/filing/0001731122-24-000751","json":"https://secwatch.observer/filing/0001731122-24-000751.json","markdown":"https://secwatch.observer/filing/0001731122-24-000751.md","text":"https://secwatch.observer/filing/0001731122-24-000751.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1394638/000173112224000751/0001731122-24-000751-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1394638/000173112224000751/e5649_8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T17:16:03.558873+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"bda4a56ede555cea6a5dfb39fc4e8e63b7c85a23","claim":"Driveitaway Holdings, Inc. incurred revolving credit of $2,000,000 line of credit with the Lender at fifteen percent (15%) per annum maturing eighteen (18) months from the date that the funds for each Draw are disbursed.","evidence_excerpt":"On March 1, 2024, DIA Leasing, LLC. (the “Borrower”), a direct wholly owned subsidiary of DriveitAway Holdings, Inc. (“DWAY”), closed a $2,000,000 line of credit facility (the “Credit Facility”) with an investor (the “Lender”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1394638/000173112224000751/0001731122-24-000751-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$2,000,000 line of credit"},{"label":"Counterparty","value":"the Lender"},{"label":"Rate","value":"fifteen percent (15%) per annum"},{"label":"Maturity","value":"eighteen (18) months from the date that the funds for each Draw are disbursed"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"cb3fe2e7888c0320a3cdf9f2eec95b2ac6bee58c","claim":"Driveitaway Holdings, Inc. entered into Credit Facility with an investor (the \"Lender\") valued at $2,000,000 line of credit (effective 2024-03-01).","evidence_excerpt":"On March 1, 2024, DIA Leasing, LLC. (the \"Borrower\"), a direct wholly owned subsidiary of DriveitAway Holdings, Inc. (\"DWAY\"), closed a $2,000,000 line of credit facility (the \"Credit Facility\") with an investor (the \"Lender\").","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1394638/000173112224000751/0001731122-24-000751-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"an investor (the \"Lender\")"},{"label":"Value","value":"$2,000,000 line of credit"},{"label":"Effective","value":"2024-03-01"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}