Connexa Sports Tech Files S-1/A Amendment

TL;DR

Connexa Sports Tech (fka Slinger Bag) filed an S-1/A update. Financials for FY23/24 out.

AI Summary

Connexa Sports Technologies Inc. (formerly Slinger Bag Inc.) filed an S-1/A amendment on July 30, 2024. The filing details financial information for the fiscal years ending April 30, 2023, and April 30, 2024, including data on common stock, additional paid-in capital, and accumulated other comprehensive income. The company is incorporated in Delaware and its fiscal year ends on April 30.

Why It Matters

This filing provides updated financial disclosures for Connexa Sports Technologies Inc., which is crucial for investors to assess the company's financial health and performance.

Risk Assessment

Risk Level: medium — S-1/A filings often indicate a company is preparing for significant corporate actions like stock offerings or major financial restructuring, which inherently carry risk.

Key Numbers

• 0001674440 — Central Index Key (Unique identifier for Connexa Sports Technologies Inc. with the SEC.)
• 333-279744 — SEC File Number (SEC registration file number for Connexa Sports Technologies Inc.)

Key Players & Entities

• Connexa Sports Technologies Inc. (company) — Filer of the S-1/A amendment
• Slinger Bag Inc. (company) — Former name of Connexa Sports Technologies Inc.
• 20240730 (date) — Filing date of the S-1/A
• 2024-04-30 (date) — Fiscal year end date
• 2023-04-30 (date) — Previous fiscal year end date

FAQ

Key Financial Figures

• $0.001 — 0 shares of our common stock, par value $0.001 per share (the "Common Stock"), and (b)
• $315 — gregate gross proceeds of approximately $315. The selling stockholders will pay al
• $11.94 — sing sale price of our Common Stock was $11.94 per share. You should carefully consi
• $2,750 — ies in China, where fees reaching up to $2,750 provide clients with a bespoke matchmak
• $1.9 million — EM collected royalties of approximately $1.9 million in its fiscal year ended January 31, 20
• $3.3 million — nded January 31, 2024 and approximately $3.3 million for the three-month period ended April

Filing Documents

• forms-1a.htm (S-1/A) — 3166KB
• ex5-1.htm (EX-5.1) — 15KB
• ex23-1.htm (EX-23.1) — 5KB
• ex23-2.htm (EX-23.2) — 5KB
• ex107.htm (EX-FILING FEES) — 14KB
• audit_001.jpg (GRAPHIC) — 11KB
• audit_002.jpg (GRAPHIC) — 2KB
• ex5-1_001.jpg (GRAPHIC) — 9KB
• ex23-1_001.jpg (GRAPHIC) — 40KB
• ex23-2_001.jpg (GRAPHIC) — 42KB
• 0001493152-24-029479.txt ( ) — 12077KB
• cnxa-20240430.xsd (EX-101.SCH) — 79KB
• cnxa-20240430_cal.xml (EX-101.CAL) — 77KB
• cnxa-20240430_def.xml (EX-101.DEF) — 383KB
• cnxa-20240430_lab.xml (EX-101.LAB) — 545KB
• cnxa-20240430_pre.xml (EX-101.PRE) — 432KB
• forms-1a_htm.xml (XML) — 1570KB

USE OF PROCEEDS

USE OF PROCEEDS 32 MARKET PRICE OF AND DIVIDENDS ON COMMON STOCK AND RELATED STOCKHOLDER MATTERS 33

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 34 DESCRIPTION OF BUSINESS 57 DIRECTORS AND EXECUTIVE OFFICERS 59

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 65 CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR INDEPENDENCE 68

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 69 SELLING STOCKHOLDERS 71

DESCRIPTION OF CAPITAL STOCK

DESCRIPTION OF CAPITAL STOCK 73 PLAN OF DISTRIBUTION 75 LEGAL MATTERS 76 EXPERTS 76 WHERE YOU CAN FIND MORE INFORMATION 76 INDEX TO CONSOLIDATED FINANCIAL STATEMENTS F-1 i You should read this prospectus carefully before you invest. It contains important information you should consider when making your investment decision. You should rely only on the information provided in this prospectus. We have not authorized anyone to provide you with different information. The information in this document may only be accurate on the date of this document. You should assume that the information appearing in this prospectus is accurate only as of the date on the front cover of this prospectus. Our business, financial condition, results of operations, and prospects may have changed since that date. We have not authorized anyone to provide any information or to make any representations other than those contained in or incorporated by reference in this prospectus or in any free writing prospectuses prepared by or on behalf of us or to which we have referred you. We take no responsibility for, and can provide no assurance as to the reliability of, any other information that others may give you. This prospectus is an offer to sell only the shares offered hereby, but only under circumstances and in jurisdictions where it is lawful to do so. The information contained in this prospectus is accurate only as of its date regardless of the time of delivery of this prospectus or of any sale of shares of Common Stock. This prospectus contains summaries of certain provisions contained in some of the documents described herein, but reference is made to the actual documents for complete information. All of the summaries are qualified in their entirety by the actual documents. Copies of some of the documents referred to herein have been filed or will be filed, and you may obtain copies of those documents as described below under " Where You Can Find More Information".

Forward-Looking Statements and "Management's Discussion and Analysis of Financial Condition and Results of Operations,"

Forward-Looking Statements and "Management's Discussion and Analysis of Financial Condition and Results of Operations," as well as our consolidated financial statements and related notes included elsewhere in this prospectus. Unless otherwise indicated by the context, references to "Connexa," "Company," "we," "us," or "our" and similar terms refer to the operations of Connexa Sports Technologies Inc., Slinger Bag Inc., Slinger Bag Americas, Slinger Bag Canada, Slinger Bag UK, SBL and Gameface. Our fiscal year end is April 30 and our fiscal years ended April 30, 2023 and 2022 are sometimes referred to herein as fiscal years 2023 and 2022, respectively. On June 26, 2024, we filed a Certificate of Amendment to our Articles of Incorporation, as amended, to effect a 1-for-20 reverse stock split. Our Common Stock began to trade on a reverse split adjusted basis on June 27, 2024. Unless otherwise stated, all share and per share information in this prospectus has been adjusted to reflect this reverse stock split. Our Company Overview Following the completion of the Acquisition, the Company will operate in the love and marriage industry. We expect the Acquisition will close before the U.S. Securities and Exchange Commission (the "Commission") declares effective the registration statement of which this prospectus forms a part. The effectiveness of the registration statement of which this prospectus forms a part is not a condition to the closing of the Acquisition. For further details of the Acquisition, see "—Recent Development ". Our mission is to empower global connections through innovative matchmaking technology and the facilitation of in-person initiatives. We own advanced patents and other proprietary technology which we license out, and we are using this intellectual property to develop an AI-powered matchmaking platform to license to partners worldwide, enabling them to create localized matchmaking experiences tailored to their specific markets and cultu

View Full Filing

View this S-1/A filing on SEC EDGAR