Connexa Sports Technologies regains full Nasdaq compliance

Connexa Sports Technologies 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convened for July 24, 2024, to review Connexa’s bid price compliance has been canceled and the delisting determination withdrawn. Following the June 27, 2024 reverse split of its common stock and subsequent 10-day bid price remaining above $1, Connexa has now regained full Nasdaq compliance. “As already made public and approved by Connexa shareholders, the company is in the process of effecting a change in control, which will result in Yuanyu Enterprise Management becoming a subsidiary and Slinger Bag becoming a private company. As Connexa is now in full compliance with Nasdaq, we expect that the YYEM transaction can proceed to a close, subject to Nasdaq’s listing approval of the incoming YYEM entity,” commented Mike Ballardie, Connexa CEO.