secwatch / observer

Driveitaway Holdings, Inc. — fact timeline

Source-grounded facts extracted from Driveitaway Holdings, Inc.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

DWAY Driveitaway Holdings, Inc. JSON
Equity Issuances

Driveitaway Holdings, Inc. issued 12,5000,000 of the Company's common stock of warrant to accredited investors for $250,000.

“In October 2025, the Driveitaway Holdings, Inc. (the Company) issued pre-funded, fully vested warrants to accredited investors to purchase 12,5000,000 of the Company’s common stock in exchange for $250,000.”
Auditor Changes

Driveitaway Holdings, Inc. reported that prior financial statements should not be relied upon.

“On or about February 24, 2025, the management of DriveItAway Holdings, Inc., a Delaware corporation (the “Company” ), identified material errors in the previously released financial statements for the three and nine months ended June 30, 2024 (the “Non-Reliance Period” ) and concluded that such financial statements should no longer be relied upon.”
Debt Financings

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.

“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”).”
Material Agreements

Driveitaway Holdings, Inc. entered into Credit Facility with an investor (the "Lender") valued at $2,000,000 line of credit (effective 2024-03-01).

“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").”

Steven M. Plumb was appointed as Chief Financial Officer at Driveitaway Holdings, Inc..

“On April 2, 2024, Steven M. Plumb, CPA was appointed the Chief Financial Officer of the Company.”

Mike Elkin resigned as Chief Financial Officer at Driveitaway Holdings, Inc..

“On March 31, 2024, Mike Elkin, the Chief Financial Officer of DriveItAway Holdings, Inc. (the “Company”), notified the Company that he is resigning from his position as Chief Financial Officer of the Company effective as of the close of business on March 31, 2024.”

Paul Patrizio departed as director at Driveitaway Holdings, Inc..

“On May 12, 2023, Paul Patrizio, a member of the board of directors of DriveItAway Holdings, Inc. (the “Company”), notified the Company that he is resigning from his position as director with the Company effective as of the close of business on May 31, 2023.”
Debt Financings

Driveitaway Holdings, Inc. incurred loan of $62,500 at 15% maturing June 30, 2023.

“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%.”
Material Agreements

Driveitaway Holdings, Inc. entered into Subscription Agreement with four investors valued at Aggregate investment $62,500 (effective 2023-03-01).

“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.”
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).

“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.”
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).

“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%.”
Material Agreements

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

“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.”
Material Agreements

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

“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.”
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).

“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.”
Debt Financings

Driveitaway Holdings, Inc. incurred convertible notes of $200,000 at 15% maturing November 15, 2024.

“On November 15, 2022, DriveitAway Holdings, Inc (the “ Company ”) closed on a transaction with an investor pursuant to a Subscription Agreement for an aggregate amount of $200,000, for four (4) Units. Each Unit, priced at $50,000, consists of a twenty four (24) month Secured Promissory Note (the “Note”), at an interest rate of 15%, which is convertible at $0.20 per share into shares of the Company’s common stock. The principal and interest on the Note shall be payable as follows: (a) the principal balance and all accrued and unpaid interest, late fees, etc. shall be due and payable on November 15, 2024 (the “ Maturity Date”)”
Material Agreements

Driveitaway Holdings, Inc. entered into Subscription Agreement with an investor valued at $200,000 (effective 2022-11-15).

“On November 15, 2022, DriveitAway Holdings, Inc (the “ Company ”) closed on a transaction with an investor pursuant to a Subscription Agreement for an aggregate amount of $200,000, for four (4) Units.”
Material Agreements

Driveitaway Holdings, Inc. amended First Amendment to the SPA with AJB Capital Investments, LLC (effective 2022-10-31).

“On October 31, 2022, the Company and ABJ entered into a First Amendment to the SPA (“Amended SPA”), whereby ABJ agreed to waive certain events of default under the SPA and AJB Note, specifically the failure of the Company to timely file a quarterly report on Form 10-Q for the period ended March 31, 2022, and for the temporary loss of the “bid” price of the Company’s common stock.”

Paul Patrizio was appointed as Director at Driveitaway Holdings, Inc..

“On February 24, 2022, by written consent of the Board, John Possumato, Adam Potash and Paul Patrizio were appointed directors, provided that the appointments of Messrs. Potash and Patrizio would not be effective until ten days after an information statement pursuant to Rule 14f-1 is mailed to shareholders.”

Adam Potash was appointed as Director at Driveitaway Holdings, Inc..

“On February 24, 2022, by written consent of the Board, John Possumato, Adam Potash and Paul Patrizio were appointed directors, provided that the appointments of Messrs. Potash and Patrizio would not be effective until ten days after an information statement pursuant to Rule 14f-1 is mailed to shareholders.”

John Possumato was appointed as Director at Driveitaway Holdings, Inc..

“On February 24, 2022, by written consent of the Board, John Possumato, Adam Potash and Paul Patrizio were appointed directors, provided that the appointments of Messrs. Potash and Patrizio would not be effective until ten days after an information statement pursuant to Rule 14f-1 is mailed to shareholders.”

John Simento resigned as Director at Driveitaway Holdings, Inc..

“On February 24, 2022, Rod Whiton, Christopher Rego, Gary Zell and John Simento resigned as directors, provided that Mr. Whiton’s resignation would not be effective until ten days after an information statement pursuant to Rule 14f-1 is mailed to shareholders.”

Gary Zell resigned as Director at Driveitaway Holdings, Inc..

“On February 24, 2022, Rod Whiton, Christopher Rego, Gary Zell and John Simento resigned as directors, provided that Mr. Whiton’s resignation would not be effective until ten days after an information statement pursuant to Rule 14f-1 is mailed to shareholders.”

Christopher Rego resigned as Director at Driveitaway Holdings, Inc..

“On February 24, 2022, Rod Whiton, Christopher Rego, Gary Zell and John Simento resigned as directors, provided that Mr. Whiton’s resignation would not be effective until ten days after an information statement pursuant to Rule 14f-1 is mailed to shareholders.”

Rod Whiton resigned as Director at Driveitaway Holdings, Inc..

“On February 24, 2022, Rod Whiton, Christopher Rego, Gary Zell and John Simento resigned as directors, provided that Mr. Whiton’s resignation would not be effective until ten days after an information statement pursuant to Rule 14f-1 is mailed to shareholders.”

Paul Patrizio was appointed as Director at Driveitaway Holdings, Inc..

“On February 24, 2022, by written consent of the Board, John Possumato, Adam Potash and Paul Patrizio were appointed directors, provided that the appointments of Messrs. Potash and Patrizio are not effective until ten days after an information statement pursuant to Rule 14f-1 is mailed to shareholders.”

Adam Potash was appointed as Director at Driveitaway Holdings, Inc..

“On February 24, 2022, by written consent of the Board, John Possumato, Adam Potash and Paul Patrizio were appointed directors, provided that the appointments of Messrs. Potash and Patrizio are not effective until ten days after an information statement pursuant to Rule 14f-1 is mailed to shareholders.”

John Possumato was appointed as Director at Driveitaway Holdings, Inc..

“On February 24, 2022, by written consent of the Board, John Possumato, Adam Potash and Paul Patrizio were appointed directors, provided that the appointments of Messrs. Potash and Patrizio are not effective until ten days after an information statement pursuant to Rule 14f-1 is mailed to shareholders.”

Adam Potash was appointed as Chief Operating Officer at Driveitaway Holdings, Inc..

“On February 24, 2022, John Possumato was appointed Chief Executive Officer and Adam Potash was appointed Chief Operating Officer.”

John Possumato was appointed as Chief Executive Officer at Driveitaway Holdings, Inc..

“On February 24, 2022, John Possumato was appointed Chief Executive Officer and Adam Potash was appointed Chief Operating Officer.”

John Simento resigned as Director at Driveitaway Holdings, Inc..

“On February 24, 2022, Rod Whiton, Christopher Rego, Gary Zell and John Simento resigned as directors, provided that Mr. Whiton’s resignation is not effective until ten days after an information statement pursuant to Rule 14f-1 is mailed to shareholders.”

Gary Zell resigned as Director at Driveitaway Holdings, Inc..

“On February 24, 2022, Rod Whiton, Christopher Rego, Gary Zell and John Simento resigned as directors, provided that Mr. Whiton’s resignation is not effective until ten days after an information statement pursuant to Rule 14f-1 is mailed to shareholders.”

Christopher Rego resigned as Director at Driveitaway Holdings, Inc..

“On February 24, 2022, Rod Whiton, Christopher Rego, Gary Zell and John Simento resigned as directors, provided that Mr. Whiton’s resignation is not effective until ten days after an information statement pursuant to Rule 14f-1 is mailed to shareholders.”

Christopher Rego resigned as Chief Executive Officer at Driveitaway Holdings, Inc..

“On February 24, 2022, Rod Whiton resigned as President and Christopher Rego resigned as Chief Executive Officer.”

Rod Whiton resigned as Director at Driveitaway Holdings, Inc..

“On February 24, 2022, Rod Whiton, Christopher Rego, Gary Zell and John Simento resigned as directors, provided that Mr. Whiton’s resignation is not effective until ten days after an information statement pursuant to Rule 14f-1 is mailed to shareholders.”

Rod Whiton resigned as President at Driveitaway Holdings, Inc..

“On February 24, 2022, Rod Whiton resigned as President and Christopher Rego resigned as Chief Executive Officer.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.