Connexa Sports Technologies Inc. Reports Board and Officer Changes

TL;DR

Connexa Sports (CNXA) filed an 8-K detailing board/officer changes and financial filings.

AI Summary

Connexa Sports Technologies Inc. announced on September 16, 2025, changes related to its board of directors and executive officers, including the election of new directors and appointments of certain officers. The company also filed financial statements and exhibits as part of this report.

Why It Matters

Changes in a company's leadership and the filing of financial documents can signal strategic shifts or operational updates that may impact investors and the company's future direction.

Risk Assessment

Risk Level: low — This filing primarily reports routine corporate governance changes and financial document submissions, which typically carry low immediate risk.

Key Players & Entities

• Connexa Sports Technologies Inc. (company) — Registrant
• Delaware (jurisdiction) — State of incorporation
• September 16, 2025 (date) — Date of earliest event reported

FAQ

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
• $2,464,615 — erves as chairman, with a fair value of $2,464,615 (or $4,210,385 taking into consideratio
• $4,210,385 — an, with a fair value of $2,464,615 (or $4,210,385 taking into consideration the guarantee

Filing Documents

• form8-k.htm (8-K) — 43KB
• ex10-1.htm (EX-10.1) — 108KB
• 0001493152-25-013917.txt ( ) — 332KB
• yyai-20250916.xsd (EX-101.SCH) — 3KB
• yyai-20250916_lab.xml (EX-101.LAB) — 33KB
• yyai-20250916_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 September 16, 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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers As previously reported, on September 1, 2025, Kong "Luke" Liu resigned from the board of directors (the "Board") of Connexa Sports Technologies Inc. (the "Company") and all committees thereof, effective immediately. As an independent director, Mr. Liu was a member of the Company's audit committee (the "Audit Committee"), nominating and corporate governance committee (the "Nominating and Corporate Governance Committee") and compensation committee (the "Compensation Committee"). On September 16, 2025, in accordance with the recommendation of the Nominating and Corporate Governance Committee, the Board appointed Hai Bin Cui to the Board. Mr. Cui will serve as the chairman of the Audit Committee, with Bini Zhu relinquishing that position, and a member of the Nominating and Corporate Governance Committee and the Compensation Committee. The Board has determined that Mr. Cui is an independent director as defined in Nasdaq Rule 5605(a)(2) and SEC Rule 10A-3 and qualifies as an "audit committee financial expert" within the meaning of Item 407(d)(5) of Regulation S-K. On September 17, 2025, the Company entered into a Director Service and Indemnity Agreement (the "Director Agreement") with Mr. Cui. Pursuant to the Director Agreement, Mr. Cui will receive compensation for his service on the Board and its committees for cash compensation of $15,000 per financial quarter as payment in arrear. 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. Family Relationships Mr. Cui does not have a family relationship with any of the current officers or directors of the Company. Related-Party Transactions Except as described in the next sentence, there are no related-party transactions with regard to Mr. Cui reportable under Item 404(a) of Regulation S-K. Yuanyu Enterprise Management Co., Limited, the majority-owned subsidiary of the Company, owns approximately 8.7% of the outstanding equity of Brightstar Technology Group Co., Ltd, the Hong Kong-listed company on whose board Mr. Cui serves as chairman, with a fair value of $2,464,615 (or $4,210,385 taking into consideration the guarantee applicable to the shares) as of July 31, 2025. Item 9.01 Financial Statements and Exhibits. (d) Exhibits: Exhibit No. Description 10.1 Director Service and Indemnity Agreement, September 17, 2025, by and between Connexa Sports Technologies Inc. and Hai Bin Cui 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 c

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View this 8-K filing on SEC EDGAR