Awaysis Capital Enters Material Definitive Agreement
Ticker: AWCA · Form: 8-K · Filed: Dec 30, 2024 · CIK: 1021917
| Field | Detail |
|---|---|
| Company | Awaysis Capital, Inc. (AWCA) |
| Form Type | 8-K |
| Filed Date | Dec 30, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $2,750,000, $3,000,000, $5,000,000, $250,000, $110,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-obligation
TL;DR
Awaysis Capital just signed a big deal, creating new financial obligations. Details in the 8-K.
AI Summary
On December 20, 2024, Awaysis Capital, Inc. entered into a material definitive agreement. This agreement created a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. The filing also includes financial statements and exhibits related to this event.
Why It Matters
This filing indicates a significant new financial commitment or obligation for Awaysis Capital, Inc., which could impact its financial standing and future operations.
Risk Assessment
Risk Level: medium — Entering into new material definitive agreements and financial obligations inherently carries risks that could affect the company's financial health.
Key Players & Entities
- Awaysis Capital, Inc. (company) — Registrant
- December 20, 2024 (date) — Date of earliest event reported
FAQ
What type of material definitive agreement did Awaysis Capital, Inc. enter into?
The filing states that Awaysis Capital, Inc. entered into a material definitive agreement on December 20, 2024, which created a direct financial obligation or an obligation under an off-balance sheet arrangement. However, the specific details of the agreement are not provided in this summary.
What is the significance of the 'Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement' item?
This item signifies that the agreement entered into by Awaysis Capital, Inc. on December 20, 2024, has resulted in the company taking on a new financial commitment or a contingent liability that may not be directly reflected on its balance sheet.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on December 20, 2024.
What are the previous names of Awaysis Capital, Inc.?
Awaysis Capital, Inc. was formerly known as JV GROUP, INC. (name change on 20121102), ASPI, INC. (name change on 20091015), and ASPEON INC (name change on 20000214).
What is the primary business of Awaysis Capital, Inc. according to its SIC code?
According to its Standard Industrial Classification (SIC) code, Awaysis Capital, Inc. is involved in the 'OPERATORS OF NONRESIDENTIAL BUILDINGS' industry.
Filing Stats: 765 words · 3 min read · ~3 pages · Grade level 10.2 · Accepted 2024-12-30 16:05:33
Key Financial Figures
- $2,750,000 — Capital, Inc. (the "Company") borrowed $2,750,000, evidenced by a Secured Promissory Note
- $3,000,000 — mber 1, 2024 in the principal amount of $3,000,000 (the "Note"), under a planned committed
- $5,000,000 — ("BOS") to borrow up to an aggregate of $5,000,000 (the "Loan"). BOS is an affiliate of Mi
- $250,000 — e entered into on November 15, 2024 for $250,000 (the "Original Note"), with all outstan
- $110,000 — he Note shall be paid as follows: 1. $110,000 on or before December 20, 2024, which t
- $2,500,000 — il on or before January 10, 2025; 2. $2,500,000 on or before February 15, 2025; and 3
Filing Documents
- form8-k.htm (8-K) — 46KB
- ex10-1.htm (EX-10.1) — 37KB
- 0001493152-24-052477.txt ( ) — 258KB
- awca-20241220.xsd (EX-101.SCH) — 3KB
- awca-20241220_lab.xml (EX-101.LAB) — 33KB
- awca-20241220_pre.xml (EX-101.PRE) — 24KB
- form8-k_htm.xml (XML) — 3KB
SIGNATURES
SIGNATURES 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 thereunto duly authorized. Date: December 30, 2024 AWAYSIS CAPITAL, INC. By: /s/ Andrew Trumbach Name: Andrew Trumbach Title: Co-CEO and CFO