Financial Performance - Net sales decreased by $2.42 million, or -77%, for the three months ended July 31, 2024, compared to the same period in 2023, primarily due to ongoing inventory availability issues[180]. - Cost of sales decreased by $1.79 million, or -81%, during the same period, directly correlating with the decrease in net sales[182]. - Gross income decreased by $0.62 million, or -70%, with a gross margin of 41% on actual sales made[182]. - Selling and marketing expenses decreased by $0.96 million, or -40%, due to the reduction in net sales and cessation of Tennis product-related marketing activities[183]. - General and administrative expenses increased by $0.88 million, or 35%, driven by debt settlement and ongoing legal fees related to the acquisition of YYEM[184]. - Research and development costs remained at $0, reflecting inactivity due to limited cash flow linked to reduced net sales[185]. - Loss from operations increased by $1.4 million, or 76%, due to higher operating expenses and reduced gross profit[186]. - Total other expense decreased by $2.00 million or 196% for the three months ended July 31, 2024, compared to the same period in 2023[187]. Cash Flow and Financing - Net cash used in operating activities was $(72,646) for the three months ended July 31, 2024, a significant improvement from $(803,363) in the same period in 2023[191]. - Cash and cash equivalents increased to $1,711,283 as of July 31, 2024, up from $229,705 as of April 30, 2024[190]. - Net cash used in financing activities was $1,614,958 for the three months ended July 31, 2024, compared to net cash provided of $601,002 in the same period in 2023[193]. - The company has outstanding borrowings from related parties amounting to $1,169,291 as of July 31, 2024[196]. - The company intends to finance operating costs over the next twelve months with existing cash, loans from related parties, and/or private placements[189]. Impairments and Losses - The company recorded an impairment loss of $11,421,817 related to Gameface as of April 30, 2023, due to higher than anticipated financial resource requirements and time to market[150]. - The company impaired all goodwill as of April 30, 2024, following the deconsolidation of Foundation Sports and the sale of PlaySight[150]. - The company reported an accumulated deficit of $171,607,773 as of July 31, 2024, indicating substantial doubt about its ability to continue as a going concern[188]. - The independent auditors expressed substantial doubt about the company's ability to continue as a going concern in their report[200]. Acquisitions and Sales - The company completed the sale of PlaySight in November 2022, resulting in a total loss on disposal of Foundation Sports and PlaySight amounting to $0 for the year ended April 30, 2024[149]. - The company entered into a share purchase agreement to acquire 70% of Yuanyu Enterprise Management Co., Limited for a combined $56 million, with $16.5 million paid in cash[159]. - The company expects the acquisition of YYEM to close following Nasdaq's approval, which will result in a change of control with YYEM shareholders owning approximately 75.3% of the company[160]. - The company will transfer all legacy business assets related to the "Slinger Bag" to a newly established entity, J&M Sports LLC, post-acquisition[173]. - An aggregate payment of $4.5 million has been agreed upon as an inducement for the acquisition, with $2 million already transferred[172]. Stock and Shareholder Actions - The company increased the number of authorized shares of common stock from 300,000,000 to 1,000,000,000 and executed a 1-for-20 reverse stock split[157]. - The company held a special meeting on September 13, 2023, approving a reverse stock split of 1-for-40, effective September 25, 2023[154]. - The company issued 116,510 shares of common stock and pre-funded warrants to purchase an aggregate of 1,258,490 shares for a combined purchase price of $4 per share, totaling approximately $16.5 million[155]. - The company has a promissory note of $2 million due by December 31, 2023, related to the sale of PlaySight, with potential conversion into ordinary shares if not paid in full[146]. Financial Reporting and Controls - There have been no changes in the company's control over financial reporting since April 30, 2024[203]. - The company has no off-balance sheet arrangements[198]. - The company has a promissory note of $2 million due by December 31, 2023, related to the sale of PlaySight, with potential conversion into ordinary shares if not paid in full[146].

As Filed with Securities and Exchange Commission on August 13, 2024 Registration No. 333-279744 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Amendment No. 2 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 CONNEXA SPORTS TECHNOLOGIES, INC. Delaware 3949 61-1789640 (I.R.S. Employer Identification Number) 2709 N. Rolling Road, Suite 138 Windsor Mill, MD 21244 (443) 407-7564 (Address and telephone number of registrant's principal executive offices) Vcorp Services L ...

As Filed with Securities and Exchange Commission on August 13, 2024 Registration No. 333-279744 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Amendment No. 2 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 CONNEXA SPORTS TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) Delaware 3949 61-1789640 (I.R.S. Employer Identific ...

As Filed with Securities and Exchange Commission on July 29, 2024 Registration No. 333-279744 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Amendment No. 1 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 CONNEXA SPORTS TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) Delaware 3949 61-1789640 (I.R.S. Employer Identificat ...

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 As Filed with Securities and Exchange Commission on July 29, 2024 Registration No. 333-279744 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Amendment No. 1 to FORM S-1 CONNEXA SPORTS TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) Delaware 3949 61-1789640 (I.R.S. Employer Identificat ...

Financial Performance and Losses - Connexa Sports Technologies Inc. reported an impairment loss of $3,486,599 related to Foundation Sports due to longer-than-expected time and resources needed to achieve profitability[15]. - The company recorded a loss on the sale of PlaySight in November 2022, following the decision to eliminate further financing for its operations[22]. - The Legacy Business had assets of approximately $5.1 million and liabilities of $12.0 million as of April 30, 2024[39]. - Financial statements are prepared on a going concern basis, with substantial doubt about the ability to continue without generating profitable operations or obtaining necessary financing[151][152]. - A decline in demand could force the company to liquidate extra inventory at lower margins or at a loss, adversely affecting financial performance[196]. Business Agreements and Acquisitions - The company entered into an exclusive distribution agreement for Padel Tennis with Desarrollo y Promocion de Padel S.L., projected to generate approximately $15 million in revenue by the end of 2028[24]. - Connexa entered into a merger agreement with PlaySight Interactive Ltd., which subsequently became a wholly owned subsidiary[14]. - The Company entered into agreements to acquire 70% of Yuanyu Enterprise Management Co., Limited for a total of $56 million, resulting in YYEM shareholders owning 82.4% of the Company's common stock[33]. - The Share Purchase Agreement involved purchasing 20% of YYEM for $16.5 million, which closed on March 20, 2024[34]. - The Share Exchange Agreement included purchasing 50% of YYEM for 8,127,572 newly issued shares of common stock[35]. Stock and Shareholder Matters - Connexa's name change from Slinger Bag Inc. to Connexa Sports Technologies Inc. was effective on April 7, 2022, along with a change in ticker symbol to "CNXA"[16]. - The company increased its authorized shares of common stock from 300 million to 1 billion as of June 27, 2024[12]. - A reverse stock split of 1-for-20 was approved and took effect on June 27, 2024[48]. - Following a 1-20 reverse stock split on June 27, 2024, the company's share price rose to $8.31, allowing it to regain compliance with the Minimum Bid Price Requirement[74]. - The company regained compliance with Nasdaq's minimum shareholder equity requirement after receiving an investment of $16.5 million on January 24, 2024[70]. Cash Flow and Financing - Connexa sold $693,500 in future receivables to Agile Capital Funding for $450,000 in cash, agreeing to pay back $28,895.83 weekly until the receivable amount is fully paid[25]. - The Company sold $1,460,000 in future receivables to Agile Capital Funding, LLC for $1,000,000 in cash, agreeing to weekly payments of $52,142.86 until the amount is paid in full[80]. - The Company sold $1,183,200 in future receivables to Cedar Advance LLC for $752,000 in cash, with weekly payments of $39,440 until the amount is settled[81]. - The Company entered into a second agreement with Cedar, selling $438,000 in future receivables for $285,000 in cash, with weekly payments of $14,600[84]. - The Company sold $481,800 in future receivables to Cedar in a third agreement for $310,200 in cash, agreeing to weekly payments of $18,530.77[84]. Product Development and Market Strategy - The Company operates in the sports equipment and technology sector, focusing on the Slinger Launcher products, which include portable launchers for tennis, padel, and pickleball[86]. - The Company estimates a manufacturing capacity of approximately 5,000 units monthly across its three Slinger Bag Launcher products[96]. - The pickleball product, introduced in March 2023, is selling at a rate of around 300 units per month[96]. - The Company plans to target the global tennis, padel tennis, and pickleball communities, with an estimated 80 million active participants in the tennis market[94]. - The Company is working on an upgraded Tennis Launcher and aims to finalize testing for a Baseball/Softball Launcher by the end of the year[94]. Marketing and Consumer Engagement - Approximately 70% of Slinger Bag Tennis Launcher revenues are generated through a direct-to-consumer strategy in North America[101]. - The United States market has 17.4 million tennis players and over 5 million pickleball players, making it a key market for growth[103]. - Slinger Bag has built a user base of approximately 100,000 users and has access to a database of over 500,000 avid tennis players through Foundation Sports[112]. - The Slinger App for tennis, launched in April 2024, offers both freemium and subscription options for users[104]. - The company is experiencing a consistent Return On Ad Spend (ROAS) of 10X+ from its digital advertising efforts[116]. Risks and Challenges - The company acknowledges risks related to brand strength and the need for continuous innovation to maintain market position and financial performance[158][160]. - Rising costs for raw materials, labor, and freight could significantly impact gross margins and profitability, with labor costs at independent manufacturers increasing and energy costs fluctuating dramatically[163]. - The company relies heavily on supply chain reliability, and disruptions from factors like the COVID-19 pandemic and geopolitical tensions could materially affect operations and profitability[178]. - International operations are subject to risks including foreign currency exchange rates, economic instability, and changes in trade laws, which could adversely impact results[180]. - Political, economic, and military conditions in Israel may adversely affect business operations, as key personnel and product development are based there[167]. Technology and Innovation - The company has applied for international design and utility patent protection for its main products, including the Slinger Launcher and Slinger Oscillator[126]. - Slinger Bag is engaged in ongoing efforts to register more trademarks across an expanding list of products and services[128]. - The company is collaborating with Stride Innovation and Chinese vendors to develop ball launchers for new market segments, with a development timeline of approximately 18 months[138]. - The Gameface team has completed initial work on the Slinger App for Tennis, which is now available on Apple and Google Play Stores, with full functionality expected by the end of 2024[140]. - Significant reliance on information technology systems means that any security breach or failure could damage the company's reputation and operations[201].

As Filed with Securities and Exchange Commission on May 28, 2024 Registration No. 333- CONNEXA SPORTS TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delaware 3949 61-1789640 (Primary Standard Industrial Classification Code Number) UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 (I.R.S. Employer Identification Number) 2709 N. Rollin ...

As Filed with Securities and Exchange Commission on May 28, 2024 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 CONNEXA SPORTS TECHNOLOGIES, INC. 2709 N. Rolling Road, Suite 138 Windsor Mill, MD 21244 (443) 407-7564 (Address and telephone number of registrant's principal executive offices) Vcorp Services LLC 1013 Centre Road, Suite 403-B Wilmington, DE 19805 (888) 528-2677 (Exact name of registran ...

Financial Performance - Net sales increased by $463,776, or 29%, to $2,069,599 for the three months ended January 31, 2024, compared to $1,605,783 for the same period in 2023[225]. - For the nine months ended January 31, 2024, net sales decreased by $147,232, or 2%, primarily due to inventory shortages[233]. - The company reported a net loss from continuing operations of $2,857,274 for the nine months ended January 31, 2024, an improvement of $15,436,639 compared to the same period in 2023[239]. - Loss from operations increased by $1,152,505, or 111%, attributed to a significant rise in total operating expenses[230]. - Total other expenses decreased by $4,210,649, or 65%, due to improvements in amortization of debt discounts and fair value of derivatives[231]. Cash Flow and Financing Activities - Cash and cash equivalents increased to $17,192,733 as of January 31, 2024, compared to $202,095 as of April 30, 2023[242]. - Net cash used in operating activities was $(2,748,446) for the nine months ended January 31, 2024, a decrease from $(6,845,810) in the same period in 2023[243]. - Net cash used in financing activities was $19,689,673 for the nine months ended January 31, 2024, compared to net cash provided of $6,481,772 in the same period in 2023[245]. - Proceeds from the issuance of common stock and warrants amounted to $17,961,828 during the nine months ended January 31, 2024[245]. Impairments and Losses - The total loss on disposal of Foundation Sports and PlaySight amounted to $41,413,892 for the year ended April 30, 2023[192]. - The Company recorded an impairment loss of $11,421,817 related to Gameface as of April 30, 2023[193]. - The Company impaired all goodwill as of April 30, 2023, following the deconsolidation of Foundation Sports[193]. Agreements and Transactions - The Company sold $315,689 in future receivables to Meged for $210,600 in cash, agreeing to pay $17,538 weekly until the amount is paid in full[194]. - The Company entered into an agreement with UFS to sell $797,500 in future receivables for $550,000 in cash, with weekly payments of $30,000[197]. - The Company agreed to pay Meged $15,107.14 weekly under the Second Meged Agreement for $423,000 in future receivables[201]. - The Company sold $693,500 in future receivables to Agile Capital Funding for $450,000 in cash on November 16, 2023[209]. - The Company sold $1,460,000 in future receivables to Agile Capital Funding for $1,000,000 in cash on January 10, 2024[218]. - The Company sold $1,183,200 in future receivables to Cedar Advance LLC for $752,000 in cash on January 29, 2024[222]. - The Company entered into a merchant cash advance agreement with Meged Funding Group, selling $315,689 in future receivables for $210,600 in cash[246]. - An agreement with UFS involved selling $797,500 in future receivables for $550,000 in cash[247]. - The Company sold $423,000 in future receivables to Meged under a second agreement, paying off a previous balance of $70,153.20[250]. Stockholder Equity and Compliance - The Company received a cash investment of $16,500,000 on January 22, 2024, increasing stockholder equity to $4,484,993, bringing it back into compliance with Nasdaq's minimum requirement[196]. - The Company has until January 22, 2024, to demonstrate compliance with Nasdaq's Minimum Stockholders' Equity Requirement[196]. - A reverse stock split of 1-for-40 was executed on September 25, 2023, following shareholder approval[200]. - The Company received a notice from Nasdaq regarding non-compliance with the minimum bid price requirement due to the stock price being below $1.00 for 30 consecutive trading days[216]. Operational Costs - Cost of sales rose by $240,887, or 45%, resulting in a gross profit increase of $222,889, or 21%, during the same period[226]. - Selling and marketing expenses surged by $464,853, or 172%, primarily due to increased social media advertising and investments in public relations[227]. - General and administrative expenses increased by $914,179, or 50%, driven by higher debt settlement and legal fees[228]. - Research and development costs decreased by $3,638, or 100%, as all development activities were paused due to limited cash flow[229]. Auditor's Opinion - The independent auditors expressed substantial doubt about the Company's ability to continue as a going concern in their report accompanying the April 30, 2023 financial statements[257].

As Filed with Securities and Exchange Commission on February 23, 2024 Registration No. UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 CONNEXA SPORTS TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delaware 3949 61-1789640 (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Number) 2709 N. Rollin ...