Connexa Sports Technologies Inc. Files 8-K for Material Agreement

TL;DR

Connexa Sports (formerly Slinger Bag) signed a big deal on 8/25, filed 8-K.

AI Summary

Connexa Sports Technologies Inc. filed an 8-K on August 29, 2025, reporting a material definitive agreement entered into on August 25, 2025. The filing also 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 indicates a significant new agreement for Connexa Sports Technologies Inc., which could impact its business operations and financial performance.

Risk Assessment

Risk Level: medium — Material definitive agreements can introduce new risks or opportunities, and the specifics of this agreement are not detailed in the provided excerpt.

Key Players & Entities

• Connexa Sports Technologies Inc. (company) — Registrant
• Slinger Bag Inc. (company) — Former company name
• August 25, 2025 (date) — Date of earliest event reported
• August 29, 2025 (date) — Date of report
• April 12, 2022 (date) — Date of name change

FAQ

Key Financial Figures

• $0.001 — nge on which registered Common Stock, $0.001 par value YYAI Nasdaq Capital Mark
• $250 million — the Company and JuCoin will contribute $250 million in cash or cryptocurrency (stablecoin,

Filing Documents

• form8-k.htm (8-K) — 47KB
• ex10-1.htm (EX-10.1) — 335KB
• 0001641172-25-025896.txt ( ) — 593KB
• yyai-20250825.xsd (EX-101.SCH) — 3KB
• yyai-20250825_lab.xml (EX-101.LAB) — 33KB
• yyai-20250825_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 August 25, 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) (646) 453-0678 (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, $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 1.01 Entry into a Material Definitive Agreement. On August 25, 2025, Connexa Sports Technologies Inc. (the " Company ") and JuCoin Capital Pte Ltd (" JuCoin ") entered into a definitive agreement (the " Definitive Agreement ") to establish a joint venture company (the " JV Company "). Based in Singapore, JuCoin is a globally recognized cryptocurrency brand offering an all-in-one digital asset platform, as well as blockchain infrastructure and Web3 applications. The parties have agreed to form the JV Company within 120 days of the Definitive Agreement to found and operate a new cryptocurrency exchange named "aiRWA," designed to offer users a platform focused on real-world asset (RWA) cryptocurrencies and to feature the integration of artificial intelligence in its operations (the " Joint Venture "). At the closing of the Joint Venture (the " Closing "), each of the Company and JuCoin will contribute $250 million in cash or cryptocurrency (stablecoin, Ethereum or Bitcoin). In exchange, the JV Company will issue 51% of its share capital to the Company and 49% to JuCoin. During the lock-up period, which ends on the second anniversary of the founding of the JV Company or as otherwise agreed in writing by the Company and JuCoin, transfers of shares of the JV Company are restricted and may occur only with the other shareholder's consent or within a shareholder's corporate group. Each shareholder will have preemptive rights to purchase new securities of the JV Company. The board of directors of the JV Company will consist of five members, with the Company appointing three directors and JuCoin appointing two. Certain material decisions, including mergers and acquisitions, liquidations, amendments to organizational documents, and major asset sales will require the approval of both parties so long as each holds at least 20% of the JV Company's outstanding shares. The JV Company may establish subsidiaries to operate the cryptocurrency exchange and to provide related services, such as custody, settlement, fiat on/off ramps, and payments. The business of the JV Company is expected to include digital asset custody and settlement services, digital asset management services, digital currency payment solutions for cross-border trades, spot and derivatives trading where permitted, an institutional-grade OTC desk, and more, while striving for market-leading levels of transparency, compliance and security. The Definitive Agreement provides that the JV Company will pursue and maintain full regulatory compliance and seek licenses in key jurisdictions, including virtual asset service provider (VASP) and money services business (MSB) licenses. The Definitive Agreement may be terminated if the Closing has not occurred within six months of signing, by mutual agreement of the parties, or if the transaction becomes prohibited by applicable law. Item 9.01 Financial Statements and Exhibits. (d) Exhibits: Exhibit No. Desc

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View this 8-K filing on SEC EDGAR