Slinger Bag (CNXA) has released an update to notify the public and investors about an entry into a material definitive agreement.
On January 19, 2024, Connexa Sports Technologies Inc. entered into agreements with three investors to sell over 82 million shares, including common stock and pre-funded warrants, for approximately $16.5 million. The investors also agreed to vote for resolutions that would potentially change company control and increase shares for the company’s incentive plan. Additionally, on January 21, 2024, the company made a consulting agreement with Smartsports LLC to provide services in exchange for 200,000 shares, with the intent to file for resale of these shares.
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