Connexa Applies for Imminent 1:20 Reverse Split to Remedy Bid Price Delisting Notice
Connexa Sports Technologies Inc. (YYAI)
Company Research
Source: GlobeNewswire
? Reverse Split Expected to take place on or about June 28, 2024? Upon receipt of Nasdaq approval, Connexa will regain Bid Price Compliance 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 After Nasdaq approval, the pending Delisting Notice, received on June 11, 2024, should be withdrawn, there will be no further need for a hearing and Connexa will regain Nasdaq compliance. “As already made public and approved by Connexa shareholders, the company is in the process of Yuanyu Enterprise Management effecting a change in control, which will result in the Slinger Bag business
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News
- Connexa Announces 1:20 Reverse Split to Remedy Bid Price Delisting NoticeGlobeNewswire
- Connexa Shareholders Approve Transaction to Acquire Yuanyu Enterprise ManagementGlobeNewswire
- Connexa Shareholders Approve Transaction to Acquire Hong Kong Based Yuanyu Enterprise ManagementGlobeNewswire
- Connexa Updates Ticker Symbol To Reflect Its Future Business Model.GlobeNewswire