Connexa Sports Technologies In

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Connexa Sports Technologies, Inc. engages in the design and development of portable ball launchers, and other practice equipment solutions for all ball sports. The company was founded by Joe Kalfa in 2017 and is headquartered in Windsor Mill, DE.

Windsor Mills, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Connexa Sports Technologies Inc. (Nasdaq:YYAI) is pleased to announce that it has closed the acquisition of a further 50% ownership stake in Yuanyu Enterprise Management Co., Limited (YYEM), a Hong Kong-based entity focused on the global Love and Marriage sector, taking its overall stake in YYEM to 70% and received Nasdaq confirmation that post-acquisition trading of YYAI will commence at the market opening tomorrow morning on November 22, 2024.

CONNEXA HAS CLOSED THE ACQUISITION OF A FURTHER 50% OF YYEM AND CONFIRMS THAT TRADING OF THE POST-ACQUISITION YYAI WILL COMMENCE FRIDAY, NOVEMBER 22, 2024

Windsor Mills, MD, Nov. 20, 2024 (GLOBE NEWSWIRE) -- Connexa Sports Technologies Inc. (Nasdaq:YYAI) is announcing a correction to the third bullet point of the headline and the second paragraph of the press release published earlier today (the “Release”).

CORRECTION NOTICE OF PRESS RELEASE ANNOUNCING RECEIPT OF NASDAQ APPROVAL TO ACQUIRE YUANYU ENTERPRISE MANAGEMENT

Windsor Mills, MD, Nov. 20, 2024 (GLOBE NEWSWIRE) -- Connexa Sports Technologies Inc. (Nasdaq:YYAI) is pleased to announce that it has received Nasdaq approval for its continued listing following the acquisition of a further 50% ownership stake in Yuanyu Enterprise Management Limited (YYEM), a Hong Kong-based entity focused on the global Love and Marriage sector. As already approved by Connexa's shareholders, upon completion of this acquisition Connexa will undergo a change of control, appoint new directors and effect a spin-off of the Slinger Bag business.

CONNEXA RECEIVES NASDAQ APPROVAL TO ACQUIRE YUANYU ENTERPRISE MANAGEMENT

Windsor Mills, MD, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Connexa Sports Technologies Inc. (Nasdaq:YYAI) the 20% owner of Yuanyu Enterprise Management Co., Limited (YYEM), a Hong Kong-based entity focused on the global Love & Marriage sector, today announced that it has entered into an exclusive license agreement with Guofu Enterprise Management Co., Limited, a Hong Kong-based entity, covering Hong Kong, Japan, South Korea, and Southeast Asia (in particular, Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam). Building on an earlier term sheet, this agreement calls for minimum royalty payments to YYEM of more than $30 million through 2026.

Yuanyu Enters $4 Billion Matchmaking Market, Signs $30 Million Licensing Agreement

Windsor Mills, MD, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Connexa Sports Technologies Inc. (Nasdaq:YYAI) the 20% owner of Yuanyu Enterprise Management Limited (YYEM), a Hong Kong-based entity focused on the global Love & Marriage sector, today announced that it has entered into an exclusive license agreement with Eternity Technology Limited, a UK-based entity, covering the UK and Switzerland, as well as major European markets including Austria, Belgium, Denmark, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal and Spain. Building on an earlier term sheet, this agreement incorporates minimum payments to YYEM of more than $19 million across calendar years 2024 to 2026.

Yuanyu Enterprise Management announces entry into an exclusive license agreement for its innovative matchmaking technology covering the UK and Europe

YYEM posts significant license revenue and net income increases over prior year

Yuanyu Enterprise Management Co., Limited, Reports 1Q2024 Unaudited Financial Results

Windsor Mills, MD, July 22, 2024 (GLOBE NEWSWIRE) -- Connexa Sports Technologies Inc. (Nasdaq: YYAI), the owner of Slinger Bag and Gameface AI, announces receipt of Nasdaq confirmation that the Hearing Panel, convened for July 24, 2024, to review Connexa's bid price compliance has been canceled and the delisting determination withdrawn.

Connexa Regains Full Nasdaq Compliance

Windsor Mills, MD, June 25, 2024 (GLOBE NEWSWIRE) -- Connexa Sports Technologies Inc. (Nasdaq: YYAI), the owner of Slinger Bag and Gameface, announced today announced that it will effect a 1-for-20 reverse stock split of its common stock, par value $0.001 per share. The common stock will continue to be traded on Nasdaq under the symbol “YYAI” and will begin trading on a reverse split-adjusted basis when the market opens on June 27, 2024. The new CUSIP of the Company's common stock will be 831445408. Post-reverse split, the number of the Company's outstanding shares will be 2,042,669.

Connexa Announces 1:20 Reverse Split to Remedy Bid Price Delisting Notice

Windsor Mills, MD, June 17, 2024 (GLOBE NEWSWIRE) -- Connexa Sports Technologies Inc. (Nasdaq: YYAI), the owner of Slinger Bag and Gameface AI, announced that on June 17, 2024, following receipt of stockholder approval at its annual general meeting held on May 15, 2024, the Company is submiting an application to Nasdaq to effect a 1-for-20 reverse split of its common stock (the “Reverse Split”) with a request to become effective Monday morning, June 28, 2024. After Nasdaq approval, the pending Delisting Notice, received on June 11, 2024, should be withdrawn, there will be no further need for a hearing and Connexa will regain Nasdaq compliance.

Connexa Applies for Imminent 1:20 Reverse Split to Remedy Bid Price Delisting Notice

Windsor Mills, MD, May 17, 2024 (GLOBE NEWSWIRE) -- Connexa Sports Technologies Inc. (Nasdaq: YYAI), the owner of Slinger Bag and Gameface AI, announced that at its AGM, held on May 15, the company's shareholders approved the acquisition of Yuanyu Enterprise Management Co., Limited (“YYEM”). Pending Nasdaq approval of the related change of control, Hongyu Zhou, the sole shareholder of YYEM, will own a controlling interest in Connexa.

Connexa Shareholders Approve Transaction to Acquire Yuanyu Enterprise Management

Windsor Mills, MD, May 17, 2024 (GLOBE NEWSWIRE) -- Connexa Sports Technologies Inc. (Nasdaq: YYAI) the owner of Slinger Bag and Gameface AI announced that at its 2024 annual general meeting, held on May 15, the company's shareholders approved the acquisition of Yuanyu Enterprise Management Co., Limited (YYEM) as well as the subsequent change-in-control, which remains subject to Nasdaq approval.

Connexa Shareholders Approve Transaction to Acquire Hong Kong Based Yuanyu Enterprise Management

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Connexa Sports Technologies 

Windsor Mills, MD, April 22, 2024 (GLOBE NEWSWIRE) -- Connexa Sports Technologies Inc. (Nasdaq: YYAI) the owner of Slinger Bag, Gameface AI and, subject to approval by its shareholders, Yuanyu Enterprise Management (YYEM), announced that its board of directors has approved the change of its ticker symbol to YYAI, effective immediately, from the market opening today.

Connexa Updates Ticker Symbol To Reflect Its Future Business Model.

News for Connexa Sports Technologies In Stock (YYAI)