Corporate announcements, SEC filings, partnership updates, and media coverage.
StablecoinX S-4 Declared Effective — Discloses CEO Tarala's Board Seat and $893M PIPE
S-4 proxy statement discloses Dragonfly Capital, Pantera Capital, Brevan Howard, and other institutional backing. Tarala's concurrent roles at YYAI, StablecoinX, and CHAI disclosed.
The SEC declared effective the Form S-4 registration statement (File No. 333-290567) filed by StablecoinX Inc. relating to the proposed business combination between TLGY Acquisition Corp., StablecoinX, and StablecoinX Assets Inc. The extraordinary general meeting of TLGY shareholders is scheduled for March 10, 2026.
The S-4 proxy statement/prospectus (pp. 247-248) discloses: "Mr. Tarala currently serves as a director of Core AI Holdings Inc., (Nasdaq: CHAI), a technology company, and as director and Chief Executive Officer of AiRWA Inc. (Nasdaq: YYAI), a Hong Kong-based online intellectual property licensing and trading platform."
Total committed PIPE financing: $893M ($363M initial + $530M additional). Investors include Dragonfly, Pantera Capital, YZi Labs, Brevan Howard, Susquehanna Crypto, IMC Trading, ParaFi Capital, Haun Ventures, Galaxy Digital, Wintermute, and others. Upon closing, the combined entity will list on NASDAQ as USDE and hold 3.03B ENA tokens (~20% of total supply).
AiRWA Completes $140M Strategic AI-Focused Acquisition (Aberfeldy)
Acquisition expands AI capabilities including ML, smart contract auditing, decision intelligence, and blockchain analytics for digital finance infrastructure.
AiRWA Inc. completed the acquisition of Aberfeldy Holdings for $140 million, as disclosed in an 8-K filing with the SEC. The acquisition brings advanced AI capabilities including machine learning models, smart contract auditing tools, decision intelligence systems, and blockchain analytics infrastructure.
These technologies power the intelligence layer across AiRWA products, providing real-time risk assessment, automated compliance monitoring, and AI-driven asset valuation for the AiRWA Exchange. The acquisition broadens the company's technology portfolio for institutional-grade digital finance infrastructure.
Chairman Zhou Acquires $7.64M in Open Market Stock Purchases
Seven separate Form 4 filings. ~5.65M shares purchased at avg ~$1.35/share. Total ownership: 5,816,489 shares (~13.8% per Schedule 13D).
Jan 5: 16,830 shares at $1.00 ($16,830). Jan 6: 123,088 shares at $1.02 ($125,550). Jan 7: 50,000 shares at $1.03 ($51,500). Jan 8: 139,097 shares at $1.21 ($168,307). Jan 11: 365,426 shares at $1.23 ($449,474). Jan 12: 744,496 shares at $1.41 ($1,049,739). Jan 21: 4,215,000 shares at $1.37 ($5,774,550 — securities purchase agreement).
Schedule 13D filed January 23, 2026 confirms total beneficial ownership of 5,816,489 shares (13.80% of outstanding). The position derives from two components: 162,552 post-split shares from the original Yuanyu Enterprise exchange, plus 5,653,937 shares from open-market and private purchases.
$15.69M Registered Direct Offering to Accredited Investors
15.38M shares at $1.02 (40.6% of company). A.G.P./Alliance Global Partners as sole placement agent. Investor identities remain undisclosed.
$30M Solana Tokens Received · Tokenized Equities Settlement Test Successful
150,000 SOL deposited by JuCoin. Successful test runs settling tokenized U.S. equity trades on Solana blockchain with near-instant finality.
Company Renamed AiRWA Inc. · JuCoin Commits $100M Initial Investment
Corporate rebrand from Connexa Sports Technologies. Strategic pivot into AI, Web3, and digital capital markets infrastructure formalized.
Connexa Sports Technologies Inc. officially renamed to AiRWA Inc., effective October 7, 2025, marking the company's strategic pivot from sports technology into AI-powered digital finance and real-world asset tokenization. The ticker symbol YYAI is retained on NASDAQ Capital Market.
JuCoin Capital confirmed a $100 million initial investment into the AiRWA Exchange, including 150,000 Solana tokens (~$30M). The exchange will prioritize Solana-anchored trading pairs for tokenized real-world assets and major cryptocurrencies, serving JuCoin's 50M+ global user base across 30+ countries.
Inca Digital Security & Compliance Partnership Announced
Enterprise compliance intelligence agreement. Inca Digital trusted by PayPal, Brave, SUI, DoD, DHS, and CFTC for ecosystem mapping and threat intelligence.
AiRWA (then Connexa Sports Technologies) signed a service agreement with Inca Digital to enhance the security and compliance framework for the aiRWA Exchange platform. Inca Digital provides ecosystem mapping, threat intelligence, real-time transaction monitoring, and actionable compliance insights.
Inca Digital is trusted by major institutions including PayPal, Brave, SUI, and U.S. federal agencies such as the Department of Defense (DoD), Department of Homeland Security (DHS), and Commodity Futures Trading Commission (CFTC). Their compliance infrastructure supports KYC/AML requirements across multiple jurisdictions.
Landmark $500M Joint Venture Agreement with JuCoin Capital
Definitive agreement with $250M per partner. AiRWA holds 51% ownership. Includes MOU for USDR stablecoin launch targeting Asia-Pacific markets. Filed with SEC.
Thomas Tarala Appointed Chief Executive Officer
New CEO to lead the company's strategic transformation into Web3, blockchain, and RWA tokenization. Also appointed Company Secretary and Director.
Thomas Tarala was appointed Chief Executive Officer, Secretary, and Director of Connexa Sports Technologies Inc. (now AiRWA Inc.) in November 2024. The appointment signaled the company's strategic pivot from sports technology toward AI, blockchain, and digital finance infrastructure.
Tarala concurrently serves as Director of Core AI Holdings Inc. (NASDAQ: CHAI) and as Independent Director of StablecoinX Inc. (pursuing SPAC merger with TLGY Acquisition Corp.). This triple cross-directorship creates a strategic node connecting AI, tokenization, and crypto infrastructure across three NASDAQ-listed entities, as formally disclosed in StablecoinX's S-4 proxy statement (February 18, 2026, pp. 247-248).
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