Connexa Sports Technologies Inc., formerly Slinger Bag, announced that it had received a letter from The Nasdaq Stock Market LLC (Nasdaq) on September 22, 2022 notifying the company that it was not complying with the periodic filing requirements for continued listing because ‘she had not filed financial documents with the Securities and Exchange Commission
Specifically, the company’s Form 10-Q for the period ended July 31, 2022 and Form 10-K for the fiscal year ended April 30, 2022 were not filed with the Securities and Exchange Commission on time. required. As previously reported, the company received a letter from Nasdaq on August 16, 2022 regarding the company’s failure to file its 2022 10-K.
Connexa Sports said the notification letter had no immediate effect on the listing or trading of the company’s stock. The Nasdaq has given the company 60 calendar days from the date of receipt of the first letter, until October 17, 2022, to submit a plan to restore compliance with respect to periodic reporting. If Nasdaq accepts the Company’s plan, Nasdaq may allow the Company up to 180 days from the 2022 10-K filing due date of February 13, 2023 to regain compliance. .
The Company expects and intends to submit the Periodic Reporting Compliance Plan to Nasdaq no later than October 17, 2022.
Connexa Sports said in its statement: “The Company continues to work diligently to complete its 2022 10-K and aims to file both the 2022 10-K and the 2023 10-Q Q1 in November 2022, after which the Company expects to regain and maintain compliance with its SEC reporting obligations and Nasdaq listing requirements.
Connexa Sports brands include Slinger, PlaySight Interactive, Gameface.AI and Foundation Tennis.