Corporate and M&A

Connexa raises $16.5 million, regains compliance with Nasdaq minimum equity rule

2024-02-01T11:52:00

Connexa_Sports_Technology

Nasdaq has confirmed that Connexa Sports Technologies, the parent company of Slinger Bag, has again met Nasdaq’s minimum equity requirements with three non-US companies investing $16.5 million in the company, whereby Connexa sold 2,330,200 shares and warrants for an additional 25,169,800 shares.

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