Connexa Sports Technologies Inc. (Connexa Sports), a Delaware-incorporated company, has filed an amendment to its annual report on Form 10-K/A with the SEC. The amendment corrects a typographical error in the original report concerning the company's financial position for the fiscal year ended April 30, 2022. The updated report includes the complete financial statements and supplementary data without changes, except for the corrected audit periods in the Independent Registered Public Accounting Firm's report. Connexa Sports has also filed certifications from the CEO and CFO as exhibits to this amendment. The company's financial performance for the fiscal year ended April 30, 2023, shows a net loss of $(71,153,685) and a negative working capital of $(18,775,991), raising substantial doubt about its ability to...Show More

Connexa Sports Technologies Inc. (Connexa Sports), a Delaware-incorporated company, has filed an amendment to its annual report on Form 10-K/A with the SEC. The amendment corrects a typographical error in the original report concerning the company's financial position for the fiscal year ended April 30, 2022. The updated report includes the complete financial statements and supplementary data without changes, except for the corrected audit periods in the Independent Registered Public Accounting Firm's report. Connexa Sports has also filed certifications from the CEO and CFO as exhibits to this amendment. The company's financial performance for the fiscal year ended April 30, 2023, shows a net loss of $(71,153,685) and a negative working capital of $(18,775,991), raising substantial doubt about its ability to continue as a going concern. The company's future plans include reducing operating expenses and cash outflows by selling its subsidiary PlaySight and 75% of Foundation Sports to former shareholders. Connexa Sports operates in the sports equipment and technology business, owning the Slinger Launcher and Gameface AI. The company's common stock is registered on the Nasdaq Capital Market under the symbol CNXA.