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Awaysis Capital details $70,000 insider loans

Awaysis Capital, Inc. entered into short-term financing arrangements with its board chairman and an affiliated entity.

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Awaysis Capital, Inc. entered into short-term financing arrangements with its board chairman and an affiliated entity. On March 31, 2026, the company issued a promissory note to Chairman Narendra Kini to borrow $50,000 at an interest rate of 8% per year, due on or before May 15, 2026. The loan is unsecured, can be repaid early without penalty, and is not convertible into company equity.

The company also notes a prior unsecured promissory note issued on January 2, 2026 to KiniConsult Inc., an affiliate of Dr. Kini, for $20,000 at 8% interest, also maturing on May 15, 2026 and non-convertible. Together, these related-party notes provide $70,000 of short-term funding on similar terms.

Positive

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Negative

  • None.
Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial
The company incurred a new significant debt or off-balance-sheet obligation.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
New promissory note principal $50,000 Issued to Chairman Narendra Kini on March 31, 2026
January Note principal $20,000 Issued to KiniConsult Inc. on January 2, 2026
Interest rate on notes 8% per annum Applies to both March 31, 2026 and January 2, 2026 notes
Maturity date May 15, 2026 Both promissory notes due and payable in full
Total related-party borrowing $70,000 Combined principal of the two unsecured promissory notes
Promissory Note financial
"the Company issued a Promissory Note (the “Note”) to Narendra Kini"
A promissory note is a written IOU in which one party promises to pay a specific sum, often with interest, to another party by a set date or on demand. Investors care because it functions like a loan: it creates a legal claim on future cash flows, carries credit and timing risk, and can affect valuation or liquidity—think of it as a formal, tradable promise to be repaid that can be assessed like any other debt investment.
unsecured financial
"The obligations of the Company under the Note are unsecured"
Unsecured describes a loan, bond, or claim that is not backed by specific assets or collateral; if the borrower fails to pay, creditors must rely on the borrower’s general promise rather than seizing a pledged asset. For investors this usually means higher risk and potentially higher yield, because unsecured holders stand behind secured creditors in repayment priority—think of lending money to someone without a pledged item to repossess if they don’t pay.
convertible into equity securities financial
"the Note is not convertible into equity securities of the Company"
emerging growth company regulatory
"Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What new financing did Awaysis Capital (AWCA) enter into on March 31, 2026?
Awaysis Capital issued a new unsecured promissory note on March 31, 2026 to its board chairman, Narendra Kini, borrowing $50,000 at 8% annual interest, with the full amount due on or before May 15, 2026 and no prepayment penalty.

What are the key terms of Awaysis Capital’s March 31, 2026 promissory note?
The March 31, 2026 promissory note provides $50,000 in principal at 8% per annum, is unsecured, may be prepaid without penalty, and must be repaid in full on or before May 15, 2026. It is explicitly not convertible into equity securities.

What is the January 2, 2026 promissory note mentioned by Awaysis Capital (AWCA)?
On January 2, 2026, Awaysis Capital issued an unsecured promissory note to KiniConsult Inc., an affiliate of Chairman Narendra Kini, for $20,000 at 8% annual interest. This “January Note” also matures on May 15, 2026 and is not convertible into equity.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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false 0001021917 0001021917 2026-03-31 2026-03-31 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

(Amendment No.)

 

CURRENT REPORT

 

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

Date of report (Date of earliest event reported): March 31, 2026

 

AWAYSIS CAPITAL, INC.

(Exact Name of Registrant as Specified in Charter)

 

Delaware   000-21477   27-0514566
(State or Other Jurisdiction
of Incorporation)		  

(Commission

File Number)

  

(I.R.S. Employer

Identification No.)

 

3400 Lakeside Dr, Suite 100, Miramar, Florida 33027

(Address of Principal Executive Offices) (Zip Code)

 

Registrant’s telephone number, including area code: (855) 795-3311

 

 

(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 (see General Instruction A.2. below):

 

☐ 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 exchange on which registered
N/A   N/A   N/A

 

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 Agreement.

 

On March 31, 2026, Awaysis Capital, Inc. (the “Company”) issued a Promissory Note (the “Note”) to Narendra Kini, the Chairman of the Company’s Board of Directors.

 

Pursuant to the Note, the Company borrowed $50,000 from Dr. Kini, with the outstanding principal amount of the Note bearing interest at a rate of 8% per annum. The Note is due and payable in full on or before May 15, 2026. The Note may be prepaid without penalty. The obligations of the Company under the Note are unsecured and the Note is not convertible into equity securities of the Company.

 

In addition, on January 2, 2026, the Company previously issued a promissory note to KiniConsult Inc., an affiliate of Dr. Kini, in the principal amount of $20,000 (the “January Note”), which bears interest at a rate of 8% per annum and matures on May 15, 2026. The January Note may be prepaid without penalty. The obligations of the Company under the January Note are unsecured and the January Note is not convertible into equity securities of the Company.

 

The foregoing descriptions of the Note and the January Note do not purport to be complete and are qualified in their entirety by reference to the full text of such promissory notes, copies of which are filed as Exhibits 10.1 and 10.2, respectively, to this Current Report on Form 8-K and are incorporated herein by reference.

 

Item 2.03. Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant.

 

The information set forth in Item 1.01 is incorporated by reference into this Item 2.03.

 

Item 9.01. Financial Statements and Exhibits.

 

Exhibit   Description
10.1   Promissory Note, dated March 31, 2026, between Awaysis Capital, Inc. and Narendra Kini.
     
10.2   Promissory Note, dated January 2, 2026, between Awaysis Capital, Inc. and KiniConsult Inc.
     
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 
 

 

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: April 9, 2026  
   
  AWAYSIS CAPITAL, INC.
     
  By: /s/ Andrew Trumbach
  Name: Andrew Trumbach
  Title: Co-CEO and CFO

 

 

 

Source: View Original Filing on SEC EDGAR

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