Slinger Bag (CNXA) has released an update.
Connexa Sports Technologies Inc. has regained compliance with Nasdaq’s minimum shareholder equity requirement after receiving a $16.5 million investment. The company will now undergo a one-year monitoring period during which it cannot submit a compliance plan if found non-compliant with the equity or periodic filing rules. Any non-compliance during this time could lead to a delisting determination, although the company will have the right to request a hearing before being potentially delisted from Nasdaq.
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For a comprehensive understanding of the announcement, you can read the full document here.
