AIRWA INC. Enters Material Definitive Agreement

TL;DR

AIRWA INC. just signed a big deal, filing an 8-K for a Material Definitive Agreement.

AI Summary

On October 22, 2025, AIRWA INC. entered into a Material Definitive Agreement. The company, formerly known as Slinger Bag Inc. and Connexa Sports Technologies Inc., is incorporated in Delaware and has its principal executive offices in Smyrna, DE.

Why It Matters

This filing indicates a significant new contract or partnership for AIRWA INC., which could impact its future business operations and financial performance.

Risk Assessment

Risk Level: medium — Entering into a material definitive agreement can introduce new risks related to the terms of the agreement, counterparty performance, and integration into existing operations.

Key Players & Entities

• AIRWA INC. (company) — Registrant
• Slinger Bag Inc. (company) — Former Company Name
• Connexa Sports Technologies Inc. (company) — Former Company Name
• October 22, 2025 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of incorporation
• Smyrna, DE (location) — Address of principal executive offices

FAQ

Key Financial Figures

• $0.001 — nge on which registered Common Stock, $0.001 par value YYAI Nasdaq Capital Mark
• $36,000,000 — equity interest prior to this date, for $36,000,000 (the " Share Purchase Consideration "),

Filing Documents

• form8-k.htm (8-K) — 45KB
• ex10-1.htm (EX-10.1) — 220KB
• 0001493152-25-019685.txt ( ) — 471KB
• yyai-20251022.xsd (EX-101.SCH) — 3KB
• yyai-20251022_lab.xml (EX-101.LAB) — 33KB
• yyai-20251022_pre.xml (EX-101.PRE) — 22KB
• form8-k_htm.xml (XML) — 4KB

From the Filing

UNITED SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 October 22, 2025 Date of Report (Date of earliest event reported) AiRWA INC. (Exact name of registrant as specified in its charter) Delaware 1-41423 61-1789640 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 74 E. Glenwood Ave. , #320 Smyrna , DE 19977 (Address of principal executive offices, including Zip Code) (646) 453-0678 (Registrant's telephone number, including area code) (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.001 par value YYAI Nasdaq Capital Market Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 1.01. Entry into a Material Definitive Agreement. On October 22, 2025, AiRWA Inc. (the " Company ") entered into a share purchase agreement (the " Share Purchase Agreement ") with Hongyu Zhou, the Chairman of the Company (the " Seller "), to acquire from the Seller 30% of the share capital of Yuanyu Enterprise Management Co., Limited (" YYEM "), a Hong Kong company and our operating subsidiary in which we held a 70% equity interest prior to this date, for $36,000,000 (the " Share Purchase Consideration "), payable in cash (the " Transaction "). YYEM, which owns various patents and proprietary technology and engages principally in the licensing of technology, has been the Company's sole operating subsidiary since November 21, 2024. Because of Mr. Zhou's interest in the Transaction as the Chairman of the Company and as the Seller, the Transaction was considered and approved by the members of the Audit Committee of the Company's board of directors, who reviewed, among other things, a valuation report from an independent third party. Following the Transaction, the Company will consolidate 100% of the revenue generated by YYEM rather than the 70% it currently consolidates. Pursuant to the Share Purchase Agreement, the Company has agreed to purchase, and the Seller has agreed to sell, 3,000 ordinary shares of YYEM (the " YYEM Shares "), representing 30% of the issued and outstanding ordinary shares of YYEM, for the Share Purchase Consideration. The Share Purchase Agreement may be terminated (i) by mutual written consent of the Company and the Seller, (ii) upon a material breach of the Share Purchase Agreement by either party, or (iii) if the Transaction has not been consummated within 90 days from the date of the Share Purchase Agreement. The Transaction is expected to close on or about October 31, 2025, subject to the satisfaction of customary closing conditions. The foregoing description of the Share Purchase Agreement is a summary of the material terms thereof, does not purport to be complete and is qualified in its entirety by reference to the full text of the Share Purchase Agreement, which is filed with this report as Exhibit 10.1 and incorporated herein by reference. Item 9.01 Financial Statements and Exhibits. The following exhibits are furnished with this Form 8-K: Exhibit No. Description 10.1 Share Purchase Agreement, dated October 22, 2025, by and between AiRWA Inc. and Hongyu Zhou 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) Forward-Looking This Current Report on Form 8-K contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this Current Report on Form 8-K other than statements of historical fact are forward-looking statements. Such forward-looking statements include, among other things, statements regarding the Compan

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View this 8-K filing on SEC EDGAR