Connexa Updates Ticker Symbol To Reflect Its Future Business Model.
- 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
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