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Connexa Updates Ticker Symbol To Reflect Its Future Business Model.

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Connexa Sports Technologies Inc. updates its ticker symbol to YYAI to reflect its future business model, following the acquisition of 70% of Yuanyu Enterprise Management (YYEM). The change is effective immediately, signaling a strategic shift in operations to enhance shareholder value.
Connexa Sports Technologies Inc. aggiorna il suo simbolo di borsa a YYAI per riflettere il suo futuro modello di business, a seguito dell'acquisizione del 70% di Yuanyu Enterprise Management (YYEM). Il cambiamento è effettivo immediatamente e indica un cambio strategico nelle operazioni per aumentare il valore per gli azionisti.
Connexa Sports Technologies Inc. actualiza su símbolo bursátil a YYAI para reflejar su modelo de negocio futuro, tras la adquisición del 70% de Yuanyu Enterprise Management (YYEM). El cambio es efectivo de inmediato, señalando un cambio estratégico en las operaciones para mejorar el valor para los accionistas.
Connexa Sports Technologies Inc.는 Yuanyu Enterprise Management (YYEM)의 70%를 인수한 후 미래 비즈니스 모델을 반영하여 티커 심볼을 YYAI로 업데이트합니다. 이 변경은 즉시 효력을 발생하며, 주주 가치를 증대하기 위한 운영의 전략적 변화를 시사합니다.
Connexa Sports Technologies Inc. met à jour son symbole boursier en YYAI pour refléter son modèle commercial futur, suivant l'acquisition de 70% de Yuanyu Enterprise Management (YYEM). Le changement est effectif immédiatement, indiquant un changement stratégique dans les opérations pour augmenter la valeur pour les actionnaires.
Connexa Sports Technologies Inc. aktualisiert sein Tickersymbol zu YYAI, um sein zukünftiges Geschäftsmodell widerzuspiegeln, nachdem es 70% von Yuanyu Enterprise Management (YYEM) erworben hat. Die Änderung tritt sofort in Kraft und signalisiert einen strategischen Wandel in den Betriebsabläufen zur Steigerung des Aktionärswerts.
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  • YYAI becomes the new ticker symbol effective immediately

Windsor Mills, MD, April 22, 2024 (GLOBE NEWSWIRE) -- Connexa Sports Technologies Inc. (Nasdaq: YYAI) the owner of Slinger Bag, Gameface AI and, subject to approval by its shareholders, Yuanyu Enterprise Management (YYEM), announced that its board of directors has approved the change of its ticker symbol to YYAI, effective immediately, from the market opening today.

“Following our recent announcement to acquire 70% of YYEM, as a pathway to deliver enhanced value to all of our shareholders, the board of directors concluded that this change in our Nasdaq ticker symbol to YYAI was in line with this plan and represented a more appropriate reflection of the future business operation”, commented Mike Ballardie, CEO Connexa Sports Technologies.

“Over the past year, the Connexa board and management have reviewed the company’s potential to directly deliver meaningful enhancements in shareholder value, and concluded that the optimum short-term opportunity to deliver such value for all shareholders was to conclude this acquisition, accept a change-in-control of Connexa, and divest the Slinger Bag business to a newly established entity,” concluded Ballardie.

Press release ends

More detailed information on Connexa Sports Technologies and Slinger Bag can be found at www.connexasports.com

About Connexa Sports Technologies:

Connexa Sports a leading connected sports company delivering products, technologies, and Sport-as-a-Service across a range of sport verticals. Connexa’s mission is to reinvent sports through technological innovation driven by an unwavering focus on today’s sports consumer.

Contact Information:
investors@connexasports.com
www.connexasports.com

Forward-Looking Statements

Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements.

Actual results could differ materially from those anticipated in forward-looking statements for many reasons, including the factors described in “Item 1A. Risk Factors” in our 10-K filing as of September 14, 2023 and our ability to continue as a going concern. Accordingly, you should not rely on these forward-looking statements, which speak only as of the date of this press release. You should, however, review the factors and risks we describe in the reports we will file from time to time with the SEC after the date of this press release.

In addition, statements such as “we believe” and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based on information available to us as of the date of this press release. And while we believe that information provides a reasonable basis for these statements, that information may be limited or incomplete. Our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all relevant information. These statements are inherently uncertain, and you are cautioned not to rely unduly on these statements.

Although we believe the expectations reflected in the forward-looking statements were reasonable at the time made, we cannot guarantee future results, level of activity, performance or achievements. Moreover, neither we nor any other person assumes responsibility for the accuracy or completeness of any of these forward-looking statements. You should carefully consider the cautionary statements contained or referred to in this section in connection with the forward-looking statements contained in this press release and any subsequent written or oral forward-looking statements that may be issued by us or persons acting on our behalf.


FAQ

What is the new ticker symbol for Connexa Sports Technologies Inc.?

The new ticker symbol for Connexa Sports Technologies Inc. is YYAI.

When did the change in ticker symbol become effective?

The change in ticker symbol became effective immediately, from the market opening on the announcement day.

What was the reason behind changing the ticker symbol to YYAI?

The change in ticker symbol to YYAI was in line with the company's plan to enhance shareholder value following the acquisition of 70% of YYEM.

Who approved the change in ticker symbol?

The board of directors of Connexa Sports Technologies Inc. approved the change in ticker symbol to YYAI.

What entities are mentioned in the press release along with Connexa Sports Technologies Inc.?

The press release mentions Slinger Bag, Gameface AI, and Yuanyu Enterprise Management (YYEM) as entities associated with Connexa Sports Technologies Inc.

Where can more information about Connexa Sports Technologies and Slinger Bag be found?

More detailed information about Connexa Sports Technologies and Slinger Bag can be found at www.connexasports.com.

Connexa Sports Technologies Inc.

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