AIkido Reports Slinger Bag Inc.'s Filing for Nasdaq Public Listing

Rhea-AI Summary

AIkido Pharma Inc. (Nasdaq: AIKI) announced that Slinger Bag Inc. filed a Form S-1/A with the SEC on March 30, 2022, to list its shares on the Nasdaq under the symbol 'CNXA.' The Slinger Bag, an advanced tennis ball shooter, received recognition in an April 2022 article as one of the best tennis gadgets of the year, enhancing its market visibility. CEO Anthony Hayes expressed optimism regarding Slinger Bag's public offering and its potential positive impact on AIkido shareholders and overall investment portfolio.

Positive

• Slinger Bag's upcoming public listing may enhance shareholder value.
• The Slinger Bag received favorable mention as a top tennis gadget, increasing brand visibility.

Negative

• None.

Company's Flagship Product, The Slinger Bag, Top Rated Among 2022 Tennis Products

NEW YORK, May 5, 2022 /PRNewswire/ -- AIkido Pharma Inc. (Nasdaq: AIKI) ("AIkido" or the "Company") today reported that, on March 30, 2022, Slinger Bag Inc. ("Slinger Bag") filed a Form S-1/A with the Securities and Exchange Commission ("SEC") requesting that the company's shares of common stock be publicly listed on the Nasdaq Capital Market under the symbol "CNXA."  

AIkido previously announced that it entered into an August 6, 2021, securities purchase agreement with Slinger Bag, which is the maker of The Slinger Bag, an advanced tennis ball shooter with a wheeled-bag design.  

In addition, in an April 29, 2022, article published by Science Focus, The Slinger Bag is rated as one of "[t]he best tennis gadgets for true fans of the sport in 2022."  The article describes "The Slinger Bag [as] a complete tennis ball shooter that can keep you training all over the court. With a minimum launch speed of 10 mph and a max speed of 45 mph, and an oscillator to keep the balls coming in random directions, it can provide a refreshingly varied training session. The wheeled-bag design helps to make it super easy to transport too."  (https://www.sciencefocus.com/buyers-guides/best-tennis-gadgets/).

Anthony Hayes, CEO of AIkido, stated, "We congratulate Slinger Bag on filing its application for public listing of its common stock on the NASDAQ. We also congratulate the company for achieving inclusion of The Slinger Bag on a very short list of the best tennis gadgets of 2022.  In addition to the company's requested public offering, we are optimistic this top rating for The Slinger Bag will bode well for the future of our investment in this outstanding company. We believe that Slinger Bag is another accretive investment for AIkido shareholders and the potential liquidity event here, will be a benefit to our Company."

About AIkido Pharma Inc.

AIkido Pharma Inc. was initially formed in 1967 and is a biotechnology Company with a diverse portfolio of small-molecule anticancer and antiviral therapeutics. The Company's platform consists of patented technology from leading universities and researchers, and we are currently in the process of developing an innovative therapeutic drug platform through strong partnerships with world renowned educational institutions, including The University of Texas at Austin and University of Maryland at Baltimore. Our diverse pipeline of therapeutics includes therapies for pancreatic cancer, prostate cancer. We are constantly seeking to grow our pipeline to treat unmet medical needs in oncology. The Company is also developing a broad-spectrum antiviral platform that may potentially inhibit replication of multiple viruses including Influenza virus, SARS-CoV (coronavirus), MERS-CoV, Ebolavirus and Marburg virus.

Forward-Looking Statements

Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the Company's filings with the SEC, not limited to Risk Factors relating to its business contained therein. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.

Contact:

Investor Relations: 

Hayden IR 
Brett Maas, Managing Partner 
Phone: (646) 536-7331 
Email: brett@haydenir.com 
www.haydenir.com

AIkido Pharma Inc. 
Phone: 212-745-1373 
Email: investorrelations@aikidopharma.com 
www.aikidopharma.com

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SOURCE AIkido Pharma Inc.

FAQ

What is the significance of Slinger Bag's SEC filing for AIKI?

The SEC filing indicates Slinger Bag's intention to publicly list shares on Nasdaq, which could enhance AIKI's shareholder value.

What recognition did Slinger Bag receive in 2022?

Slinger Bag was rated as one of the best tennis gadgets of 2022 in an article published by Science Focus.

What does AIkido Pharma think about the future of Slinger Bag?

AIkido's CEO expressed optimism that the top rating of Slinger Bag will positively impact their investment.

When was the SEC filing for Slinger Bag made?

The SEC filing was made on March 30, 2022.