Connexa Announces that it has regained compliance with the Nasdaq Minimum Shareholder Equity Rule
31 Janvier 2024 - 3:00PM
Connexa Sports Technologies Inc. (Nasdaq:CNXA) announces that the
Nasdaq has confirmed that the Company has regained compliance with
Nasdaq’s minimum shareholder equity rule by receiving an inward
investment into the Company of $16.5 million from three non-US
investors.
“Following a period of productive discussions, I
am delighted to welcome our three new, non-US investors into the
Company” said Mike Ballardie, CEO Connexa Sports Technologies.
“This investment also allows the Company to meet
the Shareholder’s Equity compliance threshold, as detailed under
Nasdaq listing requirements and as evidenced by the 8-K filing
issued last week” concluded Ballardie.
About Connexa
Sports Technologies:
Connexa Sports Technologies Inc. is a leading
connected sports company delivering products, technologies, and
Sport-as-a-Service across a range of sport verticals. Connexa’s
mission is to reinvent sports through technological innovation
driven by an unwavering focus on today’s sports consumer.
Contact
Information:
investors@connexasports.comwww.connexasports.com
Forward-Looking
Statements
Forward-looking statements are subject to known
and unknown risks and uncertainties and are based on potentially
inaccurate assumptions that could cause actual results to differ
materially from those expected or implied by the forward-looking
statements.
Actual results could differ materially from
those anticipated in forward-looking statements for many reasons,
including the factors described in “Item 1A. Risk Factors” in our
10-K filing as of September 14, 2023 and our ability to continue as
a going concern. Accordingly, you should not rely on these
forward-looking statements, which speak only as of the date of this
press release. You should, however, review the factors and risks we
describe in the reports we will file from time to time with the SEC
after the date of this press release.
In addition, statements such as “we believe” and
similar statements reflect our beliefs and opinions on the relevant
subject. These statements are based on information available to us
as of the date of this press release. And while we believe that
information provides a reasonable basis for these statements, that
information may be limited or incomplete. Our statements should not
be read to indicate that we have conducted an exhaustive inquiry
into, or review of, all relevant information. These statements are
inherently uncertain, and you are cautioned not to rely unduly on
these statements.
Although we believe the expectations reflected
in the forward-looking statements were reasonable at the time made,
we cannot guarantee future results, level of activity, performance
or achievements. Moreover, neither we nor any other person assumes
responsibility for the accuracy or completeness of any of these
forward-looking statements. You should carefully consider the
cautionary statements contained or referred to in this section in
connection with the forward-looking statements contained in this
press release and any subsequent written or oral forward-looking
statements that may be issued by us or persons acting on our behalf.
Connexa Sports Technolog... (NASDAQ:CNXA)
Graphique Historique de l'Action
De Avr 2024 à Mai 2024
Connexa Sports Technolog... (NASDAQ:CNXA)
Graphique Historique de l'Action
De Mai 2023 à Mai 2024