Connexa Shareholders Approve Transaction to Acquire Hong Kong Based Yuanyu Enterprise Management
Connexa Sports Technologies Inc. (YYAI)
Company Research
Source: GlobeNewswire
A Change-in-control and Spin-Off of Slinger Bag also receives Shareholder Consent The close of these transactions remains subject to Nasdaq Approval Windsor Mills, MD, May 17, 2024 (GLOBE NEWSWIRE) -- Connexa Sports Technologies Inc. (Nasdaq: YYAI) the owner of Slinger Bag and Gameface AI announced that at its 2024 annual general meeting, held on May 15, the company’s shareholders approved the acquisition of Yuanyu Enterprise Management Co., Limited (YYEM) as well as the subsequent change-in-control, which remains subject to Nasdaq approval. “Following our recent announcement to acquire 70% of YYEM, as a pathway to deliver enhanced value to all of our shareholders, we are grateful to our shareholders for their support of the Board of Directors in approving this transaction”, commented Mike Ballardie, CEO Connexa Sports Technologies. “On receiving the approval of YYEM’s listing application from Nasdaq, Connexa will proceed to issue approximately 162.6 million shares of co
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