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AiRWA Inc. (YYAI) completes $140M cash acquisition of AI services business

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

Rhea-AI Filing Summary

AiRWA Inc. has completed a major acquisition to expand its AI services business. On January 30, 2026, the company closed a cash purchase of all the share capital of Aberfeldy Holdings Limited, a Seychelles holding company that owns 100% of Malaysia-based 26 Rafael Sdn. Bhd., for $140,000,000.

The acquired operating company is an AI specialist that provides end-to-end, full-cycle services, built around five interconnected AI modules that form a closed-loop data and model system. It serves focused industries including healthcare, industrial manufacturing and autonomous driving, and recorded approximately $27 million of revenue in its most recent financial year. AiRWA plans to file detailed financial statements of the acquired business and related pro forma information by amendment within 71 days.

Positive

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Insights

AiRWA closes a sizable cash acquisition of an AI services business.

AiRWA Inc. has closed a definitive deal to buy all shares of Aberfeldy Holdings Limited, whose Malaysian subsidiary, 26 Rafael Sdn. Bhd., generated approximately $27 million of revenue in its most recent year. The transaction price is $140,000,000, paid entirely in cash and already closed on January 30, 2026.

The target offers end-to-end AI services through five interconnected modules, with applications in healthcare, industrial manufacturing and autonomous driving. That suggests a shift or expansion toward specialized enterprise AI solutions, though the excerpt does not quantify how this compares to AiRWA’s existing scale or margins.

Financial statements of the acquired business and pro forma financial information are expected in an amendment within 71 days of the required filing date. Those future disclosures will clarify how the $140,000,000 cash outlay and the new revenue base affect AiRWA’s overall growth profile, capital position and earnings mix.

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UNITED STATES

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

 

January 30, 2026

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 January 30, 2026, AiRWA Inc. (the “Company”) entered into a share purchase agreement (the “Share Purchase Agreement”) with various sellers (the “Sellers”) to acquire all the share capital of Aberfeldy Holdings Limited (the “Target”), a Seychelles holding company owning 100% of 26 Rafael Sdn. Bhd., a Malaysian operating company (the “Target Subsidiary”), for $140,000,000 (the “Consideration”), payable in cash (the “Transaction”).

 

The Target Subsidiary is an AI-specialist company providing end-to-end full-cycle services designed to empower enterprises to transition seamlessly from raw data to intelligent applications. Its business is structured around five interconnected AI-related modules, together forming a closed-loop system in which data generation, model refinement, and operational feedback continuously reinforce one another. Its services are tailored to specialist industries such as healthcare, industrial manufacturing and autonomous driving. The Target Subsidiary recorded approximately $27 million of revenue over its most recent financial year.

 

Pursuant to the Share Purchase Agreement, the Company agreed to purchase, and the Sellers agreed to sell, 10,000 ordinary shares of the Target, representing all of the issued and outstanding ordinary shares of the Target, for the Consideration. The Transaction closed on January 30, 2026.

 

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 2.01. Completion of Acquisition or Disposition of Assets.

 

The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.01.

 

Item 9.01 Financial Statements and Exhibits.

 

(a) Financial statements of businesses acquired.

 

The financial statements required by this item will be filed by amendment to this Current Report on Form 8-K as soon as practicable, but no later than 71 calendar days after the date this Current Report on Form 8-K is required to be filed.

 

(b) Pro forma financial information.

 

The pro forma financial information required by this item will be filed by amendment to this Current Report on Form 8-K as soon as practicable, but no later than 71 calendar days after the date this Current Report on Form 8-K is required to be filed.

 

-2-

 

 

The following exhibits are furnished with this Form 8-K:

 

Exhibit No.   Description
10.1   Share Purchase Agreement, dated January 30, 2026, by and between AiRWA Inc. and the shareholders of Aberfeldy Holdings Limited
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

Forward-Looking Statements

 

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 Company’s ability to regain compliance with Nasdaq listing standards or receive additional time from Nasdaq to regain compliance if necessary. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. Words such as “believes,” “anticipates,” “plans,” “expects,” “intends,” “will,” “goal,” “potential” and the negative of such terms or other similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Such forward-looking statements are based on the Company’s current expectations and involve assumptions that may never materialize or may prove to be incorrect. Actual results could differ materially from those projected in any forward-looking statements due to numerous risks and uncertainties. Information regarding the foregoing and additional risks may be found in the section entitled “Risk Factors” in documents that the Company files from time to time with the Securities and Exchange Commission. These forward-looking statements are made as of the date of this Current Report on Form 8-K, and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

 

-3-

 

 

SIGNATURE

 

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 hereunto duly authorized.

 

  AiRWA INC.
  a Delaware corporation
     
Dated: February 5, 2026 By: /s/ Thomas Tarala
    Thomas Tarala
    Chief Executive Officer

 

-4-

 

 

FAQ

What acquisition did AiRWA Inc. (YYAI) disclose in this 8-K filing?

AiRWA Inc. disclosed it acquired all share capital of Aberfeldy Holdings Limited, a Seychelles holding company that owns Malaysian AI operator 26 Rafael Sdn. Bhd., for a cash consideration of $140,000,000. The transaction closed on January 30, 2026 and is structured as a share purchase.

How much did AiRWA Inc. (YYAI) pay for Aberfeldy Holdings Limited?

AiRWA agreed to pay total cash consideration of $140,000,000 to the sellers of Aberfeldy Holdings Limited. This amount covers 10,000 ordinary shares, representing all issued and outstanding share capital of the target, and the deal closed on January 30, 2026.

What business did AiRWA Inc. (YYAI) acquire through 26 Rafael Sdn. Bhd.?

AiRWA acquired an AI-specialist business providing end-to-end, full-cycle AI services. The Malaysian operating company, 26 Rafael Sdn. Bhd., offers five interconnected AI modules serving industries such as healthcare, industrial manufacturing and autonomous driving, forming a closed-loop system from data generation to intelligent applications.

What are the recent revenues of AiRWA’s acquired AI subsidiary 26 Rafael Sdn. Bhd.?

The acquired subsidiary, 26 Rafael Sdn. Bhd., recorded approximately $27 million of revenue over its most recent financial year. This figure provides an initial indication of the scale of the AI services business that AiRWA is adding through the Aberfeldy Holdings Limited acquisition.

When did AiRWA Inc. (YYAI) complete the Aberfeldy acquisition?

AiRWA completed the acquisition of Aberfeldy Holdings Limited on January 30, 2026. On that date, the company closed the share purchase agreement, acquiring all 10,000 ordinary shares of the holding company in exchange for $140,000,000 in cash consideration from AiRWA.

Will AiRWA Inc. (YYAI) provide additional financial details about the acquisition?

Yes. AiRWA plans to file the acquired business’s financial statements and related pro forma financial information by amendment. These filings are expected as soon as practicable and no later than 71 calendar days after the date the current report is required to be filed with regulators.

What forward-looking focus does AiRWA Inc. (YYAI) highlight in this filing?

AiRWA includes forward-looking statements regarding its ability to regain compliance with Nasdaq listing standards or receive additional time if necessary. These statements are based on current expectations and are subject to risks described in the company’s risk factor discussions in its periodic SEC filings.
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