Welcome to our dedicated page for Awaysis Capital news (Ticker: AWCA), a resource for investors and traders seeking the latest updates and insights on Awaysis Capital stock.
Awaysis Capital, Inc. (AWCA) delivers innovative real estate solutions through strategic property transformations and transparent financial practices. This dedicated news hub provides investors and stakeholders with essential updates on the company's progress in creating integrated residential-commercial enclaves.
Access official press releases, earnings reports, and strategic announcements detailing AWCA's property renovations, leasing initiatives, and financial governance. Our curated collection enables you to monitor key developments including asset management milestones, compliance updates, and market expansion efforts.
Discover updates on flagship projects like the Awaysis Casamora redevelopment, bridge financing activities, and commercial leasing partnerships. All content is verified through primary sources to ensure accuracy in reporting the company's unique approach to value-driven real estate investment.
Bookmark this page for streamlined access to AWCA's latest communications. Check regularly for updates on property transformations, financial disclosures, and strategic initiatives that demonstrate the company's commitment to operational excellence in the evolving real estate sector.
Awaysis Capital (OTCMARKETS: AWCA) has secured short-term lease agreements for two commercial buildings at its Awaysis Casamora property in Miramar, Florida. This strategic move allows the company to generate value from completed assets while renovations continue on remaining units. Michael Singh, Chairman and Co-CEO, emphasized that the long-term strategy remains focused on opening a gym, remote offices, and a restaurant to support the resort once operational.
The decision aligns with Awaysis Capital's goal of maximizing utility during the construction phase. Upon completion, these facilities will enhance the resort's appeal by providing additional amenities for residents and guests, contributing to the company's vision of combining luxury, convenience, and modern facilities at the Awaysis Casamora property.
Awaysis Capital (OTCMARKETS: AWCA) has filed an amended Form 10-K/A, incorporating a re-audit of its consolidated financial statements for the fiscal year ended June 30, 2022. The re-audit was necessitated by the SEC's sanctions against the company's previous audit firm, BF Borgers. Moore Belize LLP, the company's independent auditor, completed the re-audit in accordance with Public Company Accounting Oversight Board standards.
Notably, the 10-K/A amendment has removed the going concern qualifications as of the Report Date. Dr. Andrew Trumbach, Co-CEO and CFO, emphasized the company's commitment to maintaining transparency, accuracy, and compliance in financial reporting. The re-audit process underscores Awaysis Capital's dedication to upholding high standards of financial governance.
Awaysis Capital (OTCMARKETS: AWCA) has secured a $1.1 million bridge loan from Harthorne Capital, a holding entity for investments by key executives. The loan, provided by Chairman and Co-CEO Michael Singh, Co-CEO and CFO Dr. Andrew Trumbach, and director Lisa-Marie Iannitelli, demonstrates management's confidence in the company's growth trajectory.
The funds will be used to advance the development and renovations of the Awaysis Casamora property, a key asset in the company's real estate portfolio. Upgrades include infrastructure improvements, modernized facilities, and aesthetic enhancements to increase the rental pool and sales inventory. The loan will also provide working capital for operational needs and enable Awaysis Capital to pursue emerging business opportunities.
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