Connexa Sports Technologies Inc.(YYAI)
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Connexa Sports Technologies Inc.(YYAI) - Prospectus(update)
2023-11-29 22:30
As Filed with Securities and Exchange Commission on November 29, 2023 Registration No. 333-275407 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM S-1/A (Amendment No. 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 Identi ...
Connexa Sports Technologies Inc.(YYAI) - 2024 Q2 - Quarterly Report
2023-11-27 16:05
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT For the transition period from ________ to ________ Commission File Number: 01-41423 CONNEXA SPORTS TECHNOLOGIES INC. (Exact name of registrant as specified in its charter) Delaware 61-1789640 (Stat ...
Connexa Sports Technologies Inc.(YYAI) - Prospectus
2023-11-08 22:01
As Filed with Securities and Exchange Commission on November 8, 2023 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. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Delaware 3949 61-1789640 (I.R.S. Employer Identification Number) 2709 N. Rolling Road, Suite 138 Windso ...
Connexa Sports Technologies Inc.(YYAI) - 2024 Q1 - Quarterly Report
2023-10-05 14:42
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT For the transition period from ________ to ________ Commission File Number: 01-41423 CONNEXA SPORTS TECHNOLOGIES INC. (Exact name of registrant as specified in its charter) Delaware 61-1789640 (State o ...
Connexa Sports Technologies Inc.(YYAI) - 2023 Q4 - Annual Report
2023-09-14 21:28
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended April 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ Commission File Number: 01-41423 | --- | --- | --- | |-------------------------------------------------------|---------------------------- ...
Connexa Sports Technologies Inc.(YYAI) - 2023 Q4 - Annual Report
2023-07-24 21:06
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended January 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT For the transition period from ________ to ________ Commission File Number: 01-41423 CONNEXA SPORTS TECHNOLOGIES INC. (Exact name of registrant as specified in its charter) Delaware 61-1789640 (Stat ...
Connexa Sports Technologies Inc.(YYAI) - 2022 Q4 - Annual Report
2023-05-17 19:41
Financial Performance and Losses - Connexa Sports Technologies Inc. reported an impairment loss of $3,486,599 related to Foundation Sports as of April 30, 2022[14]. - The company has an accumulated deficit and anticipates further losses, raising substantial doubt about its ability to continue as a going concern[101][102]. - The company divested PlaySight and 75% of Foundation Sports to improve cash flow and reduce operational losses amid rising inflation and manufacturing costs[104]. - Management plans to finance operations over the next twelve months through existing cash, loans from related parties, and/or private placements[102]. - The company anticipates seasonal fluctuations in sales, with higher revenues expected in the first and fourth fiscal quarters[85]. - The Company faced potential delisting from Nasdaq due to non-compliance with filing requirements and bid price rules, with a grace period until April 10, 2023[35]. - Uncertainty regarding the availability of financing on acceptable terms, which could limit operational continuity[105]. - Failure to secure timely financing may lead to material adverse effects on financial performance and stock price[105]. - Potential need to curtail or cease operations if additional funding is not secured[105]. Corporate Changes and Governance - The company changed its domicile from Nevada to Delaware and rebranded from Slinger Bag Inc. to Connexa Sports Technologies Inc. in April 2022[15]. - The Company is required to address Corporate Governance Deficiencies following the resignation of two board members on November 17, 2022[38]. - The company is required to file a registration statement with the SEC covering the resale of unregistered shares by December 20, 2022[30]. - The company has engaged Stride-Innovation for quality control and vendor management, ensuring compliance with production standards[92][95]. - The company has identified no direct competitors for its Slinger Bag Launcher, highlighting its unique affordability and functionality in the market[78]. Sales and Marketing Strategy - Approximately 70% of Slinger Bag Tennis Launcher revenues are generated through a direct-to-consumer strategy in North America[50]. - The marketing budget is primarily determined by distributor partners linked to their purchase objectives, supporting local grassroots programs[68]. - The company relies on digital advertising primarily on Facebook and Google platforms, following a period of advertising testing[60]. - Slinger Bag has engaged several brand ambassadors, including Tommy Haas and Robert Bryan, to promote its products[62]. - The company is actively identifying ambassadors for pickleball and padel to enhance its marketing strategy[63]. - Slinger Bag has appointed Tommy Haas as Chief Ambassador to enhance brand visibility in key markets including Japan, Europe, Australia, China, Brazil, and India[70]. Product Development and Technology - Connexa's acquisition strategy included the purchase of Gameface, which became a wholly owned subsidiary, enhancing its technology offerings[12]. - Gameface AI is focused on delivering performance insights in tennis and plans to enhance its technology for cricket and baseball analytics in 2023[56]. - Gameface is working on a performance and analytics app, with a focus on tennis-specific analysis, and is collaborating with a design agency for user experience[89]. - Gameface is field testing new data visualization techniques for tennis, cricket, and football, expected to launch late 2023 or early 2024[90]. - Slinger Bag is developing new ball launchers for Pickleball, Padel, and Baseball/Softball, with a market launch expected in 2024 and a development timeline of 18 months[87][88]. - The pickleball product was introduced to the market in March 2023, followed by the Padel tennis product in June 2023[46]. Strategic Partnerships and Agreements - Connexa aims to provide individual and match analytics for racquet sports through a future cooperation agreement with PlaySight, without upfront costs[26]. - An exclusive distribution agreement for Padel Tennis was signed on March 7, 2023, projected to generate approximately $20 million in revenue over five years[34]. - Slinger Bag has entered a strategic partnership with Dunlop for co-branded Slinger-Dunlop tennis balls globally[75]. - The company has established strategic partnerships with Dunlop for co-branded tennis balls and with Peter Burwash International for promoting Slinger products at luxury resorts[75][76]. Financial Transactions and Funding - The Company raised approximately $5.0 million through a private placement on September 28, 2022, issuing 1,018,510 shares of common stock and prefunded warrants for 11,802,002 shares at a combined price of $0.39 per share[29]. - The Company entered into a loan agreement on January 6, 2023, for up to $2,000,000, with an initial advance of $1,400,000, and warrants exercisable for up to 18,099,548 shares at an exercise price of $0.221 per share[31]. - Additional equity financing may dilute existing common stock holders[105]. - Debt financing, if available, may involve restrictive covenants[105]. - Strategic relationships may require relinquishing valuable rights to raise additional funds[105]. Manufacturing and Production - The Company has a manufacturing capacity of approximately 5,000 units monthly, shared across its tennis, pickleball, and padel products[46]. - The Company has engaged a vendor management company to oversee production activities and quality control processes[47]. - The company has not experienced significant supply chain issues despite reliance on China-based vendors, thanks to proactive overproduction strategies[98]. - Quality control processes have been established in partnership with Stride-Innovation, ensuring rigorous testing before product release[93]. Market Insights and Trends - The Company is focusing on global tennis, padel tennis, and pickleball markets, with the ITF citing 80 million active tennis participants and over 5 million regular pickleball players in the U.S.[44]. - The United States market has 17.4 million tennis players and over 5 million pickleball players, making it a key market for growth[52]. - The global tennis market has 80 million active participants, with pickleball recognized as the fastest growing sport in the U.S. with over 5 million regular players[44]. - Seasonal fluctuations in sales are expected, with revenues typically exceeding in the first and fourth fiscal quarters[85].
Connexa Sports Technologies Inc.(YYAI) - 2022 Q3 - Quarterly Report
2022-03-17 19:04
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended January 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT For the transition period from ________ to ________ Commission File Number: 333-214463 SLINGER BAG INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorpo ...
Connexa Sports Technologies Inc.(YYAI) - 2022 Q2 - Quarterly Report
2021-12-20 19:42
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 31, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT For the transition period from ________ to ________ Commission File Number: 333-214463 SLINGER BAG INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorpo ...
Connexa Sports Technologies Inc.(YYAI) - 2022 Q1 - Quarterly Report
2021-09-14 19:42
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 31, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT For the transition period from ________ to ________ Commission File Number: 333-214463 SLINGER BAG INC. (Exact name of registrant as specified in its charter) Nevada 61-1789640 (State or other jurisdic ...