Articles from Connexa Sports Technologies Inc.

The Parties Have Also Signed a Strategic Memorandum of Understanding to:

BALTIMORE, Md., Sept. 28, 2022 (GLOBE NEWSWIRE) -- Connexa Sports Technologies, Inc. (NASDAQ: CNXA) (“Connexa”), today announced that it has entered into a securities purchase agreement with a single institutional investor for the issuance and sale of 12,820,512 shares of its common stock (or common stock equivalents in lieu thereof), together with accompanying common stock warrants, at a combined purchase price of $0.39 per share (or common stock equivalents) and accompanying warrants in a private placement. The shares of common stock (or common stock equivalents) were sold in the offering together with 12,820,512 warrants to purchase 12,820,512 shares of common stock at an exercise price of $0.39 per share and a term of five years following the initial exercise date and 25,641,024 warrants to purchase 25,641,024 shares of common stock at an exercise price of $0.43 per share and a term of seven and one half years following the initial exercise date (collectively, the “Warrants”). The Warrants issued in this transaction contain variable pricing features. The Warrants will be exercisable beginning on the date stockholder approval is received and effective allowing exercisability of the Warrants under Nasdaq rules. The offering is expected to close on or about September 30, 2022, subject to the satisfaction of customary closing conditions.

PlaySight’s video tech will drive live streaming and performance tech capabilities at Lubbock Christian University, the latest college tennis partner of Connexa Sports

The Slinger Bag Tennis Ball Launcher is proving to be a catalyst for increased on-court abilities, enjoyment and fitness levels