Connexa Sports Technologies Inc. Files 10-K/A Amendment

TL;DR

<b>Connexa Sports Technologies Inc. has filed an amended 10-K for the fiscal year ending April 30, 2023.</b>

AI Summary

Connexa Sports Technologies Inc. (YYAI) filed a Amended Annual Report (10-K/A) with the SEC on April 10, 2024. Connexa Sports Technologies Inc. filed a 10-K/A amendment on April 10, 2024. The filing pertains to the fiscal year ending April 30, 2023. The company was formerly known as Slinger Bag Inc. The business address is located in New Windsor, DE. The filing includes data for fiscal years 2021, 2022, and 2023.

Why It Matters

For investors and stakeholders tracking Connexa Sports Technologies Inc., this filing contains several important signals. This amendment provides updated financial and operational information for the fiscal year 2023, which is crucial for investors to assess the company's current performance and outlook. The filing details historical financial data for the past three fiscal years, allowing for trend analysis and comparison of the company's financial health and strategic execution.

Risk Assessment

Risk Level: medium — Connexa Sports Technologies Inc. shows moderate risk based on this filing. The filing is an amendment to a 10-K, suggesting potential prior inaccuracies or the need for updated information, which could indicate underlying issues or complexities in the company's reporting or operations.

Analyst Insight

Investors should carefully review the specific changes and additions made in this 10-K/A filing to understand the reasons for the amendment and their potential impact on the company's financial standing.

Key Numbers

• 2023-04-30 — Fiscal Year End (Conformed period of report)
• 2024-04-10 — Filing Date (Filed as of date)
• 001-41423 — SEC File Number (SEC file number)
• 611789640 — IRS Number (IRS number)

Key Players & Entities

• Connexa Sports Technologies Inc. (company) — Filer name
• Slinger Bag Inc. (company) — Former company name
• 2024-04-10 (date) — Filing date
• 2023-04-30 (date) — Fiscal year end
• 2022-04-12 (date) — Date of name change
• 2019-12-10 (date) — Date of name change
• New Windsor, DE (location) — Business address

FAQ

Industry Context

Connexa Sports Technologies Inc. operates in the sports technology sector, focusing on products and services for athletes and sports enthusiasts.

Regulatory Implications

The filing is a 10-K/A, an amendment to an annual report, which is a standard SEC filing requirement for publicly traded companies to provide comprehensive financial and operational information.

What Investors Should Do

1. Review the specific details of the 10-K/A amendment to understand any changes from the original filing.
2. Analyze the historical financial data provided for fiscal years 2021, 2022, and 2023 to identify trends.
3. Investigate the company's business operations and any disclosed risks or strategic initiatives.

Key Dates

• 2024-04-10: 10-K/A Filing — Amendment filed for the fiscal year ending 2023-04-30.
• 2023-04-30: Fiscal Year End — The reporting period for the amended 10-K.

Year-Over-Year Comparison

This filing is an amendment (10-K/A) to a previous 10-K filing, indicating that updated or corrected information is being provided for the fiscal year ending April 30, 2023.

Key Financial Figures

• $0.001 — nge on which registered Common Stock, $0.001 par value CNXA Nasdaq Capital Mark

Filing Documents

• form10-ka.htm (10-K/A) — 1181KB
• ex31-1.htm (EX-31.1) — 12KB
• ex31-2.htm (EX-31.2) — 12KB
• ex32-1.htm (EX-32.1) — 8KB
• ex32-2.htm (EX-32.2) — 8KB
• 0001493152-24-014146.txt (&nbsp;) — 7781KB
• cnxa-20230430.xsd (EX-101.SCH) — 61KB
• cnxa-20230430_cal.xml (EX-101.CAL) — 93KB
• cnxa-20230430_def.xml (EX-101.DEF) — 330KB
• cnxa-20230430_lab.xml (EX-101.LAB) — 523KB
• cnxa-20230430_pre.xml (EX-101.PRE) — 424KB
• form10-ka_htm.xml (XML) — 1167KB

FINANCIAL STATEMENTS

ITEM 8. FINANCIAL STATEMENTS The financial statements and supplementary financial information required by this Item 8 are set forth immediately below and are incorporated herein by reference. INDEX TO AUDITED FINANCIAL STATEMENTS CONNEXA SPORTS TECHNOLOGIES INC . TABLE OF CONTENTS Report of Independent Registered Public Accounting Firm (PCAOB ID 5968 ) in respect of the fiscal year ended April 30, 2023 F-2 Consolidated Balance Sheets as of April 30, 2023 and 2022 F-4 Consolidated Statements of Operations and Comprehensive Loss for the years ended April 30, 2023 and 2022 F-5 Consolidated Statements of Cash Flows for the years ended April 30, 2023 and 2022 F-7 Consolidated Statements of Shareholders' Equity/Deficit for the years ended April 30, 2023 and 2022 F-6

Notes to Consolidated Financial Statements

Notes to Consolidated Financial Statements F-8 F-1 Report of Independent Registered Public Accounting Firm The Board of Directors and Stockholders of CONNEXA SPORTS TECHNOLOGIES INC. Opinion on the Financial Statements We have audited the accompanying consolidated balance sheets of Connexa Sports Technologies Inc (the Company') as of April 30, 2023 and 2022, and the related consolidated statements of operations and comprehensive loss, changes in stockholders' equity and cash flows for the year ended April 30, 2023 and 2022, and the related notes (collectively referred to as the "financial statements"). In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Company as of April 30, 2023 and 2022, and the results of its operations and its cash flows for the years ended April 30, 2023 and 2022, in conformity with accounting principles generally accepted in the United States of America. Going Concern The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 2, the Company suffered an accumulated deficit of $(151,750,610), net loss of $(71,153,685) and a negative working capital of $(18,775,991). These matters raise substantial doubt about the Company's ability to continue as a going concern. Management's plans with regards to these matters are also described in Note 2 to the financial statements. These financial statements do not include any adjustments that might result from the outcome of this uncertainty. Basis for Opinion These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB") and are required to be independent with respect to the Company in acc

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View this 10-K/A filing on SEC EDGAR