Connexa Sports Files 8-K on Jan 30 Event; Regulation FD Disclosure

TL;DR

**Connexa Sports filed an 8-K for a Jan 30 event, likely a routine disclosure, but watch for details on 'Other Events'.**

AI Summary

Connexa Sports Technologies Inc. filed an 8-K on January 31, 2024, reporting an event that occurred on January 30, 2024. This filing is a standard current report, indicating no major new financial events like acquisitions or earnings, but rather a disclosure under Regulation FD and 'Other Events.' For investors, this suggests the company is providing information to the public that was previously non-public, which could impact stock perception depending on the specific details of the 'Other Events' not fully elaborated in this summary filing.

Why It Matters

This filing signals that Connexa Sports Technologies Inc. has disclosed information that was previously not public, which could influence investor sentiment and stock price depending on the nature of the 'Other Events' mentioned.

Risk Assessment

Risk Level: low — This 8-K is a general disclosure filing and does not inherently indicate high risk without further details on the 'Other Events' mentioned.

Analyst Insight

Investors should monitor subsequent news or filings from Connexa Sports Technologies Inc. for specific details regarding the 'Other Events' mentioned, as this filing itself is a procedural disclosure without substantive financial information.

Key Players & Entities

• Connexa Sports Technologies Inc. (company) — the registrant filing the 8-K
• Slinger Bag Inc. (company) — former name of the registrant
• United States Securities and Exchange Commission (company) — regulatory body

FAQ

Key Financial Figures

• $0.001 — nge on which registered Common Stock, $0.001 par value CNXA Nasdaq Capital Mark
• $16.5 million — owing the receipt of a an investment of $16.5 million as disclosed in the Company's current r

Filing Documents

• form8-k.htm (8-K) — 40KB
• ex99-1.htm (EX-99.1) — 11KB
• ex99-1_001.jpg (GRAPHIC) — 13KB
• 0001493152-24-004421.txt ( ) — 242KB
• cnxa-20240130.xsd (EX-101.SCH) — 3KB
• cnxa-20240130_lab.xml (EX-101.LAB) — 33KB
• cnxa-20240130_pre.xml (EX-101.PRE) — 22KB
• form8-k_htm.xml (XML) — 4KB

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. A press release announcing compliance with the Equity Rule (as defined below) is being furnished as an exhibit to this report.

01 Other Events

Item 8.01 Other Events On January 30, 2024, Connexa Sports Technologies Inc. (the " Company ") received a letter from Nasdaq confirming that following the receipt of a an investment of $16.5 million as disclosed in the Company's current report filed on Form 8-K on January 24, 2024 (i) the Company has regained compliance with the minimum shareholder equity requirement in Listing Rule 5550(b)(1) (the " Equity Rule "), as required by the Nasadaq Hearing Panel's (" Panel ") decision dated April 12, 2023, as amended, and (ii) in application of Listing Rule 5815(d)(4)(B), the Company will be subject to a mandatory panel monitor for a period of one year from the date of such letter. If, within that one-year monitoring period, the Nasdaq Listing Qualifications staff (" Staff ") finds that the Company is no longer in compliance with the Equity Rule, then, notwithstanding Rule 5810(c)(2), the Company will not be permitted to provide Staff with a plan of compliance with respect to such deficiency and Staff will not be permitted to grant additional time for the Company to regain compliance with respect to such deficiency, nor will the Company be afforded an applicable cure or compliance period pursuant to Ruel 5810(c)(3). Instead, Staff will issue a Delist Determination Letter and the Company will have an opportunity to request a new hearing with the initial Panel or a newly convened Hearings Panel if the initial Panel is unavailable. The Company will have the opportunity to respond/present to the Hearings Panel as provided by Listing Rule 5815(d)(4)(C) and the Company's securities may at that time be delisted from Nasdaq. It is further reported that, in application of Listing Rule 5815(d)(4)(B), the Company is also subject to a mandatory panel monitor in respect of its period filing requirements in Listing Rule 5250(c)(1) (the " Periodic Filing Rule ") for a period of one year from October 11, 2023. If, within that one-year monitoring period, the Staff finds the Company aga

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. Exhibit No. Description 99.1 Press Release dated January 31, 2024 (furnished pursuant to Item 7.01) 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Connexa Sports Technologies Inc. Dated: January 31, 2024 By: /s/ Mike Ballardie Mike Ballardie Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR