Connexa Sports Technologies Inc. Files 8-K on Executive Changes
Ticker: YYAI · Form: 8-K · Filed: Aug 21, 2025 · CIK: 1674440
Sentiment: neutral
Topics: executive-changes, board-composition, corporate-governance
TL;DR
Connexa Sports (formerly Slinger Bag) filed an 8-K detailing director departures, new elections, and officer appointments as of Aug 15.
AI Summary
Connexa Sports Technologies Inc. filed an 8-K on August 21, 2025, reporting on the departure of directors, election of directors, appointment of officers, and compensatory arrangements. The filing covers events as of August 15, 2025. The company, formerly known as Slinger Bag Inc., is incorporated in Delaware and operates in computer programming and data processing services.
Why It Matters
This filing indicates potential shifts in the company's leadership and executive compensation structure, which could impact strategic direction and investor confidence.
Risk Assessment
Risk Level: medium — Changes in directors and officers, especially if numerous or unexpected, can signal internal instability or strategic shifts that carry inherent risks.
Key Players & Entities
- Connexa Sports Technologies Inc. (company) — Registrant
- Slinger Bag Inc. (company) — Former company name
- Delaware (location) — State of incorporation
FAQ
What specific reasons were given for the departure of directors?
The filing does not specify the reasons for the departure of directors in the provided text.
Who are the newly elected directors and appointed officers?
The provided text does not list the names of the newly elected directors or appointed officers.
What are the key details of the compensatory arrangements for the officers?
The filing mentions compensatory arrangements but does not provide specific details in the excerpt.
When was the company formerly known as Slinger Bag Inc.?
The company was formerly known as Slinger Bag Inc. with a date of name change in 20220412 and 20191210.
What is the SIC code for Connexa Sports Technologies Inc.?
The Standard Industrial Classification (SIC) code for Connexa Sports Technologies Inc. is 7370, which falls under SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.
Filing Stats: 1,089 words · 4 min read · ~4 pages · Grade level 11.3 · Accepted 2025-08-21 16:10:23
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value YYAI Nasdaq Capital Mark
- $15,000 — its committees for cash compensation of $15,000 per financial quarter as payment in arr
Filing Documents
- form8-k.htm (8-K) — 47KB
- ex10-1.htm (EX-10.1) — 105KB
- 0001641172-25-025086.txt ( ) — 375KB
- yyai-20250815.xsd (EX-101.SCH) — 3KB
- yyai-20250815_def.xml (EX-101.DEF) — 26KB
- yyai-20250815_lab.xml (EX-101.LAB) — 35KB
- yyai-20250815_pre.xml (EX-101.PRE) — 24KB
- form8-k_htm.xml (XML) — 5KB
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 August 15, 2025 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.) 74 E. Glenwood Ave. #320 Smyrna , DE 19977 (Address of principal executive offices, including Zip Code) (443) 407-7564 (Registrant's telephone number, including area code) 2709 N. Rolling Road , Suite 138 Windsor Mill , MD 21244 (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, $0.001 par value YYAI 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 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). 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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers As previously reported, on June 12, 2025, Warren Andrew Thomson resigned from the board of directors (the "Board") of Connexa Sports Technologies Inc. (the "Company") and all committees thereof, effective immediately. Also as previously reported, on July 9, 2025, the Company received a letter (the "Notice") from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") indicating that, as a result of Warren Andrew Thomson's resignation from the Board and the audit committee of the Board (the "Audit Committee"), the Company is not currently in compliance with Nasdaq Listing Rule 5605. The Notice has no immediate effect on the listing or trading of the Company's common stock. Nasdaq Listing Rule 5605 requires that (i) a majority of the Board be comprised of independent directors and (ii) the Audit Committee be comprised of at least three independent directors. The Company currently has four directors, only two of whom qualify as independent directors. In addition, the Audit Committee currently comprises only two independent directors. To regain compliance with Nasdaq Listing Rule 5605, on August 15, 2025, in accordance with the recommendation of the Nominating and Corporate Governance Committee of the Board, the Board appointed Bini Zhu to the Board. Ms. Zhu will also serve on the Audit Committee, the Compensation Committee and theNominating and Corporate Governance Committee. The Board has determined that Ms. Zhu is an independent director as defined in Nasdaq Rule 5605(a)(2) and SEC Rule 10A-3 and is an "audit committee financial expert" within the meaning of Item 407(d)(5) of Regulation S-K. On the same day, the Company entered into a Director Service and Indemnity Agreement (the "Director Agreement") with Ms. Zhu. Pursuant to the Director Agreement, Ms. Zhu will receive compensation for her service on the Board and any of its committees for cash compensation of $15,000 per financial quarter as payment in arrear. As a result of Ms. Zhu's appointment to the Board, the Company believes that it has now regained compliance with the independent director and the audit committee composition requirements as set forth in Nasdaq Listing Rule 5605. The foregoing description of the terms of the Director Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Director Agreement filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference. Bini Zhu is a certified public accountant licensed in Texas with expertise in financial reporting, IPO auditing, regulatory compliance, and cross-border transactions. With over eight years of experience, Ms. Zhu has successfully guided multiple companies through