What changed in this filing

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Item 1. Business

2026-01-13 compared with 2025-02-24 · 74 added, 58 removed, 277 unchanged (32% of the section changed)

150 unchanged sentences

DriveItAway works with franchise and larger independent dealers (not with

Buy Here/Pay Here stores), and is primarily a turnkey subscription dealer platform, although we do act as principal in many cases owning

our own vehicles, always serviced and delivered by our car dealership partners.

This both creates revenue for DriveItAway, and demonstrates,

in an “open book” environment, how dealers can best use our technology as software as a service, to run their own program,

as DriveItAway was created to offer.

During 2024, we secured a 2 million dollar line of credit to expand operating our own company owned

We also acquired inventory in the past year from a large under a fleet lease agreement with a large national fleet owner.

allows the company to scale rapidly in many locations, without the burden of fixed overhead or personnel expenses.

Buy Here/Pay Here stores), for purchasing and servicing customers, allowing a national footprint, without an investment in “bricks

The company achieved a milestone in 2025, a major partnership with Free2move,

the international mobility division of Stellantis, the fifth largest vehicle manufacturer in the world.

For vehicle subscriptions, all

Free2move technology, sales, and process is now “Free2move Powered by DriveItaway,” where all subscription flexible lease

transactions are financed by Free2move, but are conducted and operated by DriveItAway.

A testament to the DriveItAway technology platform,

it is available in two IOS or Android app listings, both DriveItAway and the Free2move Flexible Lease app.

Without the technology available in recent years, it would not be possible

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and “deep subprime” credit buyers out of the traditional market, leaving, again, few good personal vehicle purchase alternatives.

During this time, your Company has continued to lay the foundation for

rapid future growth.

As for the last one hundred and twenty or so years vehicles have been for sale, there has almost always been more

“supply” than “demand,” we worked past the current market anomaly and we prepared for the future by continuing

to develop the processes, technology, and relationships that we feel will make DriveItAway the high growth leader in its emerging market.

Some 2025 industry developments –

Buyers Locked Out – 18-34 year olds are buying fewer new cars than at any point in

According to Deloitte’s 2025 Global Automotive Consumer Study, 44% of young

adults would strongly consider a vehicle subscription to replace traditional purchase or

lease options.

Unaffordability – Q2 2025 saw car buyers average loan payments break records, with

19% having monthly payments of $1,000 or more, while loan terms hit new highs with 22% extending

beyond 84 months (Edmunds).

Delinquencies – Q2 witnessed the proportion of consumers 60 days late on car loans

rise to 1.4% - an all-time record according to TransUnion, signaling growing financial stress

among buyers.

Highlights of the accomplishments of DriveItAway 2025 –

· March 2024 – After a successful pilot test, DriveItAway

announced its partnership with Partners Personnel, the 12th largest national staffing organization in the nation, to offer its micro-lease

program to employees to help people get to work, as one of the largest employment problems for entry level employees is getting to and

from the job, according to Kristy Gebhart, Regional Vice President and Chair for the Associate Resource Committee of Partners Personnel

· April 2024 – DriveItAway announced that automotive retailers

can use the DriveItAway technology, with fleet credit line options provided by Westlake Fleet, part of Westlake Financial, providing a

comprehensive package for a turnkey dealership-based flexible lease program

· May 2024 – DriveItAway secured a credit line of 2 million

dollars, from a respected rental industry veteran, to fund its own fleet of vehicles for the DriveItAway platform, expanding its direct

services and also serving as an introduction and demonstration to partner dealers on how the program works, to entice dealers to run their

own fleet using DriveItAway technology

· July 2024 – DriveItAway announced a partnership with Corporate

Claims Management, one of the oldest and largest independent comprehensive fleet service and accident management companies in the US,

for national vehicle maintenance, mechanical service and accident management for driver-focused quality fleet care

· July 2024 – DriveItAway announced a partnership with Chapman

Automotive Group, an eight location, multi-franchise dealership group in Pennsylvania and New Jersey, to supply new vehicles and to provide

DriveItAway’s micro-lease to ownership program to Chapman store customers

· September 2024 – DriveItAway announced a partnership with

AllShifts, one of the highest rated national healthcare staffing firms in the US, to help on-demand nurses get to the job

February 2025 2024 – DriveItAway announced a credit

line guarantee of $4 million from fleet and mobility technology leader Menachem Light, the Co-Founder of Voyager Global Mobility an international

mobility provider with its subsidiaries Buggy TLC (US), FastTrack Leasing TLC (US) and Mi Nave (Mexico).

The Company also announced that

Menachem Light became Chair of DriveItAway Holdings newly created Board of Advisors, which will take an active role in scaling rapid growth.

April 2025 – DriveItAway announced a partnership with Fleet-Connection

to offer its flexible lease alternative to commercial fleet customers with its new “DriveItAway Business Preferred” program,

targeted to the approximately 12-15 million small locally-owned businesses that have an immediate nees for an SUV, truck or van, but do

not want to make a long-term financial commitment for a vehicle or fleet of vehicles, or lack the cash or credit tor a traditional finance

July 2025 – DriveItAway and Stellantis mobility division

Free2move (Stellantis is the 5 th largest vehicle manufacturer in the world with the Chrysler, Jeep, Dodge, Ram, Fiat, Alfa

Romeo, Maserati, and Peugeot brands and many more)launch a national partnership to revolutionize vehicle access and supercharge dealer

profitability.

In an unprecedented event in this automotive sector, Free2move joined forces with DriveItAway, labelled “Free2move

Powered by DriveItAway,” enabling all franchise dealers to offer consumers flexible lease-to-own programs with no credit checks,

no down payments, and no long-term commitments, launching a national initiative to transform dealerships into next-generation mobility

September 2025 – DriveItAway announced that leasing industry

icon Mitch Fadel, former CEO of the Upbound Group (NASDAQ:

UPBD) and Rent-A-Center, joined the DriveItAway Holdings Board of Advisors.

During his leadership at Upbound Group and Rent-A-Center (the predecessor company of the Upbound Group), Fadel accelerated growth, expanded

internationally, created new retail partner divisions, built the world’s largest “virtual” lease-to-own company, completed

$2B in acquisitions, and ultimately drove tremendous shareholder value, and will now focus on helping DriveItAway scale in vehicle lease

November 2025 – DriveItAway announced that automotive retail

and investment banking leader James “JT” Taylor joined the DriveItAway Holdings Board of Advisors.

Currently Managing Partner

and Chair of the Investment Committee of Accrual Equity Partners, Taylor brings four decades of leadership spanning automotive retail,

OEM strategy and investment banking, with executive and investment banking roles at Truist Securities, The Presidio Group, Toyota, Lexus

and other automotive retail institutions.

December 2025 – DriveItAway and Free2move announced that

together they launched 9 new cities in rapid expansion across the nation – newly opened cities include:

Miami, Fort Lauderdale,

Orlando, Tampa, Key West, Minneapolis/St.

Paul, Denver, St.

Louis and Los Angeles.

Long-Term Growth Strategy

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creating the foundational relationships and technologies to scale, we look forward to further rapid growth and achievements in 2025.

Your Company has a number of goals to further growth and be ready to leverage

The Company has a number of goals to further growth and be ready to leverage

what we see will be a massive waive towards alternative ways to drive and then buy new and used vehicles, particularly by younger buyers

in the 18-34 age range, who need transportation but lack the cash, credit, or even desire to immediately make a long term financial commitment

First, we want to substantially increase our credit line to operate our

own fleet of vehicles, to both increase revenues, continue to improve our technology, and act as an “open book” example to

car dealers that are interested in using our platform as software-as-a-service to operate a fleet and expand sales and market share.

see this as a unique competitive advantage of DriveItAway, in partnering with dealers to supply our own fleet, to show completely how

our program works – we don’t just offer SaaS, we put our “money where our mouth is” in demonstrating the returns

and advantages.

At root, we are designed for and remain an SaaS tool for dealers, but as any new innovation, the best sales process is

live demonstration.

Second, we want to continue to make strong and deep industry alliances,

not just with partner companies but with the best individuals in our sector of the market.

In 2025, our goal is to have some of the best

on a newly created Board of Advisors for your Company, and on our Board of Directors.

Now that we have laid a firm foundation, we are

looking for the best people to guide longer term strategy and growth, to fully leverage the massive opportunity we see before us.

Third, we want to open up the vast new market of small commercial (non-gig)

Up until now your company has focused demand for individuals, particularly those who need a vehicle to get to and from work,

in 2025 our goal is to expand this market to those who use their SUV, truck or van to work, not in a gig or rideshare capacity, but as

a small fleet vehicle.

There are over 3,275,000 vehicles used in small businesses in the US (Automotive

News, March 2024), representing a market size of over $300B with anticipated growth CAGR of 5.59 during the next year (Precedence Research,

DriveItAway is now creating a strategic plan to address this large and fast-growing market with one of the leading experts

in the fleet business, on how to address small commercial account needs with a flexible, pay as you go lease, with DriveItAway.

subprime individuals, the credit criteria for conventional financing is very limited for these businesses, so DriveItAway sees a scalable,

large opportunity to satisfy this need, in the same way it does for individuals, by de-risking the process for both the vehicle owner

and the customer, that ultimately leads to more opportunity and sales.

First, we want to continue to strengthen our relationship with Free2move,

to continue our national visibility and expansion.

The larger the footprint, the more we can leverage our national affinity relationships

with our national “demand” partners, Partners Personnel, AllShifts, and other large institutions with which we are in talks

for referral relationships.

With the additional nine cities added in December 2025, DriveItAway now operates in 15 cities across the US,

and we look to add at least another 8 more in the first quarter of 2026.

Second, we want to partner with dealers to market our program.

environment for vehicles (affordability, lack of availability of credit, growing delancqaucies and repossession) continues to create a

problem for many, it is vital that we create visibility to our solution.

We are currently in pilots with two dealer groups, one on each

cost, to co-op dollars integrated in their own dealership marketing program, to shine light on the DriveItAway flexible lease solution.

Combined with our national partnership programs, this “showroom” exposure will create local interest and leverage word of

mouth business, leveraging each new vehicle delivered.

Third, as we accomplished our 2025 goal of recruiting an amazingly accomplished

and talented Board of Advisors, which represent experience and success in vehicle rental and fleet, retail, and subprime lease to own,

we will work with them to scale sales rapidly, continue to make strong and deep industry alliances, and to work towards our goal of a

NASDAQ listing someday in the future.

We will work with our Board of Advisors to guide longer-term strategy and growth, to fully leverage

the massive opportunity we see before us.

As of September 30, 2025, we

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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 1. Business