Item 1.01 Entry Into a Material Definitive Agreement.
On July 7, 2022, Awaysis Capital, Inc. (the "Company") sold, in its ongoing
private offering (the "Offering") of up to $25 million of the Company's common
stock, par value $0.01 per share (the "Common Stock"), at a price per share of
$1.00, 25,000 shares (the "Shares") of Common Stock for an aggregate of $25,000
in gross proceeds. The purchase of the Shares was pursuant to a Subscription
Agreement & Investor Suitability Questionnaire for the Offering (the
"Subscription Agreement")with customary terms as between the Company and the
investor.
On or about July 13, 2022, the Company entered into Subscription Agreements with
investors in the Offering, relating to subscriptions for an aggregate of
1,193,000 shares of Common Stock (the "Pending Shares") for aggregate gross
proceeds of $1,193,000. The Company expects such proceeds to be funded, and the
Pending Shares to be issued, by the end of July 2022.
The Shares, and the Pending Shares as and when funded, will be issued in
reliance on the exemption from registration provided by Section 4(a)(2) of the
Securities Act of 1933, as amended (the "Securities Act") and Rule 506(b) under
Regulation D of the Securities Act, as transactions by an issuer not involving
any public offering.
Item 3.02 Unregistered Sales of Equity Securities.
The information set forth in Item 1.01 is incorporated by reference into this
Item 3.02.
Item 9.01 Financial Statements and Exhibits.
Exhibit Description
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document)
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