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Connexa Sports Technologies | 8-K: Current report

SEC announcement ·  Jan 31 09:06
Summary by Moomoo AI
Connexa Sports Technologies Inc., a Delaware-incorporated company listed on the Nasdaq Capital Market under the trading symbol CNXA, has announced on January 31, 2024, that it has regained compliance with the Nasdaq's minimum shareholder equity requirement. This follows a recent investment of $16.5 million from three non-US investors, as reported in the company's Form 8-K filed on January 24, 2024. The Nasdaq Hearing Panel's decision from April 12, 2023, required the company to meet this equity threshold. Additionally, Connexa Sports Technologies will be under a mandatory panel monitor for one year to ensure ongoing compliance with the Equity Rule and the Periodic Filing Rule. Failure to maintain compliance could lead to a Delist Determination Letter and potential delisting from the Nasdaq. CEO Mike Ballardie expressed satisfaction with the investment and the company's compliance achievement. Connexa Sports Technologies focuses on delivering connected sports products and technologies across various sports verticals.
Connexa Sports Technologies Inc., a Delaware-incorporated company listed on the Nasdaq Capital Market under the trading symbol CNXA, has announced on January 31, 2024, that it has regained compliance with the Nasdaq's minimum shareholder equity requirement. This follows a recent investment of $16.5 million from three non-US investors, as reported in the company's Form 8-K filed on January 24, 2024. The Nasdaq Hearing Panel's decision from April 12, 2023, required the company to meet this equity threshold. Additionally, Connexa Sports Technologies will be under a mandatory panel monitor for one year to ensure ongoing compliance with the Equity Rule and the Periodic Filing Rule. Failure to maintain compliance could lead to a Delist Determination Letter and potential delisting from the Nasdaq. CEO Mike Ballardie expressed satisfaction with the investment and the company's compliance achievement. Connexa Sports Technologies focuses on delivering connected sports products and technologies across various sports verticals.
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