Airwa Inc 8-K, filed Nov 20, 2023
Airwa Inc. (YYAI)
About this 8-K
Airwa Inc filed this 8-K on November 20, 2023, reporting on events of November 14, 2023.
Items reported
- Item 3.02: Unregistered sale of equity
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Item 3.02 Unregistered Sales of Equity Securities.
As previously disclosed on the current reports on Form 8-K on September 19, 2019 and May 27, 2020, Aitan Zacharin provides consulting services to Connexa Sports Technologies Inc. (the “Company”) in respect of investor relations and financial structuring, pursuant to a consulting agreement, as amended and restated on April 30, 2020 (the “AZ Consulting Agreement”). Pursuant to the AZ Consulting Agreement, the Company owes Mr. Zacharin $127,500 as consulting fee compensation (the “Consulting Fee Compensation”) through November 30, 2023 and has granted $127,500 as discretionary compensation (“Discretionary Compensation”) to Mr. Zacharin based on Section 2.1(d) of the AZ Consulting Agreement. In consideration of Consulting Fee Compensation and Discretionary Compensation, on November 14, 2023, the Company issued a total of 224,472 shares of common stock (the “Shares”) to Mr. Zacharin, which include (i) 160,338 shares of common stock as payment of Consulting Fee Compensation, and (ii) 64,134 shares of common stock as payment of Discretionary Compensation. The Shares issued to Mr. Zacharin exceeded 5% of the total common stock outstanding of the Company.
The Shares were issued without registration under the Securities Act of 1933, as amended (the “Securities Act”), in reliance on the exemption provided by Section 4(a)(2) of the Securities Act as a transaction not involving a public offering.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Connexa Sports Technologies Inc. | ||
| a Delaware corporation | ||
| Dated: November 20, 2023 | By: | /s/ Mike Ballardie |
| Chief Executive Officer | ||