Connexa Sports Technologies Inc. Files 8-K

TL;DR

Connexa Sports (formerly Slinger Bag) filed an 8-K with updates and financials.

AI Summary

Connexa Sports Technologies Inc. filed an 8-K on May 17, 2024, reporting on matters submitted to a vote of security holders and other events. The filing includes financial statements and exhibits. The company was formerly known as Slinger Bag Inc. and changed its name to Connexa Sports Technologies Inc. on April 12, 2022.

Why It Matters

This 8-K filing provides updates on corporate actions and financial information for Connexa Sports Technologies Inc., formerly Slinger Bag Inc.

Risk Assessment

Risk Level: low — This filing is a routine corporate disclosure and does not contain significant new financial or operational information that would immediately impact risk.

Key Players & Entities

• Connexa Sports Technologies Inc. (company) — Registrant
• Slinger Bag Inc. (company) — Former company name
• May 15, 2024 (date) — Date of earliest event reported
• May 17, 2024 (date) — Filing date
• April 12, 2022 (date) — Date of name change

FAQ

Key Financial Figures

• $0.001 — ch registered Common Stock, par value $0.001 per share CNXA The Nasdaq Capital M
• $0.16 — nts, now held by Morgan Capital LLC, to $0.16 per share. The Amendment to October a
• $16,500,000 — n the Company received an investment of $16,500,000 in cash in exchange for the issuance an
• $0.20 — hares") at a combined purchase price of $0.20 per share of our common stock for an ag
• $16.5 million — or an aggregate amount of approximately $16.5 million. The Pre-Funded Warrants have an exerci
• $0.00001 — nded Warrants have an exercise price of $0.00001 per share of Common Stock and are exerc
• $1,137,000 — t Agreement, the Company owed Mr. Kalfa $1,137,000 in salary (the "Salary Compensation") t
• $1 million — nt Agreement, the Company agreed to pay $1 million of the $1.137 million owed (with Mr. Ka
• $1.137 million — Company agreed to pay $1 million of the $1.137 million owed (with Mr. Kalfa waiving the right
• $137,000 b — Kalfa waiving the right to receive the $137,000 balance) via an issuance of shares of Com
• $0.187 — e per share of the shares to be issued ($0.187), the number of shares to be issued usi
• $0 — illion payment at a conversion price of $0.227, which was the closing price of the
• $0.227 — 24 and was issued at a price per share ($0.227) above the Minimum Price as defined und

Filing Documents

• form8-k.htm (8-K) — 102KB
• ex99-1.htm (EX-99.1) — 31KB
• ex99-1_001.jpg (GRAPHIC) — 19KB
• 0001493152-24-020372.txt ( ) — 342KB
• yya-20240515.xsd (EX-101.SCH) — 3KB
• yya-20240515_lab.xml (EX-101.LAB) — 33KB
• yya-20240515_pre.xml (EX-101.PRE) — 22KB
• form8-k_htm.xml (XML) — 4KB

From the Filing

UNITED SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 May 15, 2024 Date of Report (Date of earliest event reported) CONNEXA SPORTS TECHNOLOGIES INC. (Exact name of registrant as specified in its charter) Delaware 1-41423 61-1789640 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 2709 N. Rolling Road , Suite 138 Windsor Mill Baltimore , MD 21244 (Address of principal executive offices) (443) 407-7564 (Registrant's telephone number, including area code) N/A (Former name or former address, if changed since last report.) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $0.001 per share CNXA The Nasdaq Capital Market Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 5.07 Submission of Matters to a Vote of Security Holders On May 15, 2024, Connexa Sports Technologies Inc. (the "Company") held its 2024 annual general meeting of stockholders at 10:00 a.m. Eastern Time (the "AGM") virtually to vote on the proposals identified in the Company's definitive proxy statement filed with U.S. Securities and Exchange Commission on May 2, 2024. As of March 21, 2024, the record date of the AGM, there were a total of 34,807,734 shares of the Company's common stock, par value $0.001 per share (the "Common Stock") outstanding and entitled to vote at the AGM. At the AGM, 13,236,375 shares of Common Stock were represented in person or by proxy, constituting a quorum. At the AGM, the Company's stockholders were asked to consider and vote upon the following proposals: Proposal One: Election of Directors Proposal To approve the nominations of Mike Ballardie, Yonah Kalfa, Kirk Taylor, Stephen Crummey, and Rodney Rapson for election as directors at the Annual Meeting. If elected, Messrs. Ballardie, Kalfa, Taylor, Crummey, and Rapson will serve as directors until the 2025 annual meeting of stockholders and until their respective successors are duly elected and qualified. The Election of Directors Proposal was approved by the Company's stockholders. The voting results were as follows: Name Votes For Votes Against Votes Abstained Mike Ballardie 13,189,162 29,937 2,060 Yonah Kalfa 13,188,157 30,942 2,060 Kirk Taylor 13,188,402 31,665 1,092 Steven Crummey 13,189,196 29,903 2,060 Rodney Rapson 13,188,673 30,394 2,092 Proposal Two: Ratification of Appointment of Independent Registered Public Accounting Firm Proposal To approve the appointment of Olayinka Oyebola & Co. to continue as our independent registered public accounting firm for the fiscal year ending April 30, 2024. The Ratification of Accountant Proposal was approved by the Company's stockholders. The voting results were as follows: Votes For Votes Against Votes Abstained 13,186,333 48,950 1,092 Proposal Three: Share Exchange Proposal To approve the issuance of shares of our common stock pursuant to that certain Share Exchange Agreement dated March 18, 2024 (the "Exchange Agreement") among the Company, Mr. Hongyu Zhou (the "YYEM Seller"), and Yuanyu Enterprise Management Co., Limited ("YYEM"), in exchange for 50% of the issued and outstanding ordinary shares of YYEM. The Exchange Agreement is a part of a transaction between the Company, YYEM Seller, and YYEM, whereby the Company agreed to purchase a total of 70% of the issued and outstanding ordinary shares of YYEM by entering into a share purchase agreement (the "Purchase Agreement") and the Exchange Agreement as described in the Company's Schedule 14A filed on May 2, 2024. Upon the closing of the Acquisition, YYEM Seller will be issued the number of Exchange Shares equal to 82.4% of the Company's issued and outsta

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View this 8-K filing on SEC EDGAR