Connexa Sports Struggles to Maintain Nasdaq Listing

An announcement from Connexa Sports Technologies (YYAI) is now available.

Connexa Sports Technologies Inc. faces delisting from Nasdaq due to its stock price consistently closing below $1 over 30 business days, violating Nasdaq’s minimum requirements. The company plans to appeal the decision and pursue a 1-for-20 reverse stock split to meet Nasdaq’s standards. If the reverse split is approved and effective before June 28, 2024, it may prevent the delisting, but no guarantees can be made regarding the outcome or timing.

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