Connexa Sports Technologies Files S-1
Ticker: YYAI · Form: S-1 · Filed: Oct 11, 2024 · CIK: 1674440
Sentiment: neutral
Topics: sec-filing, s-1, corporate-action
TL;DR
Connexa Sports (formerly Slinger Bag) filed an S-1. Get ready.
AI Summary
Connexa Sports Technologies Inc. (formerly Slinger Bag Inc.) filed an S-1 form on October 11, 2024. The company, incorporated in Delaware, is involved in sports technology and manufacturing. Their fiscal year ends on April 30th, and their business and mailing address is in New Windsor, DE.
Why It Matters
This S-1 filing indicates Connexa Sports Technologies Inc. is preparing for a significant corporate event, potentially a public offering or other regulatory disclosures, which could impact its stock and investor relations.
Risk Assessment
Risk Level: medium — S-1 filings often precede significant corporate actions like IPOs or major debt/equity offerings, which carry inherent market risks.
Key Numbers
- 333-282612 — SEC File Number (Identifies the specific SEC registration statement)
- 241367743 — Film Number (Internal SEC processing number for the filing)
Key Players & Entities
- Connexa Sports Technologies Inc. (company) — Filer of the S-1
- Slinger Bag Inc. (company) — Former name of Connexa Sports Technologies Inc.
- 20241011 (date) — Filing date of the S-1
- 2709 N ROLLING RD (address) — Business and mailing street address
- NEW WINDSOR (location) — City for business and mailing address
- DE (location) — State of incorporation and address
- 0430 (date) — Fiscal year end
FAQ
What is the primary purpose of this S-1 filing for Connexa Sports Technologies Inc.?
The S-1 filing is a registration statement required by the SEC for companies planning to offer securities to the public, indicating potential future stock offerings or other significant financial transactions.
When was the S-1 filing submitted?
The S-1 filing was submitted on October 11, 2024.
What was Connexa Sports Technologies Inc. previously known as?
Connexa Sports Technologies Inc. was formerly known as Slinger Bag Inc., with name changes occurring on April 12, 2022, and December 10, 2019.
Where is Connexa Sports Technologies Inc. incorporated and what is its fiscal year end?
The company is incorporated in Delaware (DE) and its fiscal year ends on April 30th (0430).
What is the business and mailing address provided in the filing?
The business and mailing address is 2709 N Rolling Rd, Unit 138, New Windsor, DE, 21244.
Filing Stats: 4,562 words · 18 min read · ~15 pages · Grade level 17.3 · Accepted 2024-10-11 16:16:43
Key Financial Figures
- $0.001 — 0 shares of our common stock, par value $0.001 per share (the "Common Stock") that wer
- $7.96 — sing sale price of our Common Stock was $7.96 per share. You should carefully consi
- $2,750 — in China, where fees routinely reaching $2,750 provide clients with six months of a be
Filing Documents
- forms-1.htm (S-1) — 3611KB
- ex5-1.htm (EX-5.1) — 14KB
- ex23-1.htm (EX-23.1) — 5KB
- ex23-2.htm (EX-23.2) — 5KB
- ex107.htm (EX-FILING FEES) — 12KB
- ex5-1_001.jpg (GRAPHIC) — 4KB
- audit_001.jpg (GRAPHIC) — 11KB
- audit_002.jpg (GRAPHIC) — 2KB
- ex23-1_001.jpg (GRAPHIC) — 89KB
- ex23-2_001.jpg (GRAPHIC) — 79KB
- 0001493152-24-040907.txt ( ) — 14308KB
- cnxa-20240731.xsd (EX-101.SCH) — 83KB
- cnxa-20240731_cal.xml (EX-101.CAL) — 78KB
- cnxa-20240731_def.xml (EX-101.DEF) — 412KB
- cnxa-20240731_lab.xml (EX-101.LAB) — 564KB
- cnxa-20240731_pre.xml (EX-101.PRE) — 461KB
- forms-1_htm.xml (XML) — 2158KB
USE OF PROCEEDS
USE OF PROCEEDS 39 MARKET PRICE OF AND DIVIDENDS ON COMMON STOCK AND RELATED STOCKHOLDER MATTERS 40
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 41 DESCRIPTION OF BUSINESS 61 DIRECTORS AND EXECUTIVE OFFICERS 63
EXECUTIVE COMPENSATION
EXECUTIVE COMPENSATION 69 CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR INDEPENDENCE 72
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 73 SELLING STOCKHOLDERS 75
DESCRIPTION OF CAPITAL STOCK
DESCRIPTION OF CAPITAL STOCK 77 PLAN OF DISTRIBUTION 79 LEGAL MATTERS 80 EXPERTS 80 WHERE YOU CAN FIND MORE INFORMATION 80 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, 2024 and 2023 are sometimes referred to herein as fiscal years 2024 and 2023, 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. The effectiveness of the registration 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 cultures. We also intend to leverage our partners' expertise in offline matchmaking to offer, alongside our own technology tools, a range of best practices, empowering licensees