Windsor Mills, M, Jan. 15, 2025 (GLOBE NEWSWIRE) -- Connexa Sports Technologies Inc. (NASDAQ:YYAI) is proud to announce that Yuanyu Enterprise Management Limited (YYEM), in which Connexa holds a 70% ownership stake, is launching an exciting new vertical centered on social networking applications. This new venture is expected to include live-streaming, voice chat rooms, gaming, and influencer-driven user-generated content (UGC). In a significant validation of this expansion, TikTok's subsidiary covering the Middle East and North Africa (MENA) is in advanced discussions to sign an MCN (Multi-Channel Network) contract with YYEM to purchase content created by influencers within the network tha

Windsor Mills, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Connexa Sports Technologies Inc. (NASDAQ:YYAI) is pleased to announce that it has closed the acquisition of a further 50% ownership stake in Yuanyu Enterprise Management Co., Limited (YYEM), a Hong Kong-based entity focused on the global Love and Marriage sector, taking its overall stake in YYEM to 70% and received Nasdaq confirmation that post-acquisition trading of YYAI will commence at the market opening tomorrow morning on November 22, 2024. As a result of the acquisition, Connexa has now undergone a change of control, appointed new officers, new directors, and effected a spin-off of the Slinger Bag business. "We would like to thank al

Windsor Mills, MD, Nov. 20, 2024 (GLOBE NEWSWIRE) -- Connexa Sports Technologies Inc. (NASDAQ:YYAI) is announcing a correction to the third bullet point of the headline and the second paragraph of the press release published earlier today (the "Release"). In the Release, the third bullet point read: YYAI will commence trading at the opening of the market on Friday, November 22. and the second paragraph read: The new Connexa entity will continue to trade under the YYAI ticker symbol, with trading commencing at the opening of the market on Friday, November 22, 2024. Correction: While we expect that November 22nd will be the first day of trading on a post-closing basis, we have not rece

Nasdaq approves the continued listing of the company following the acquisition of a further 50% stake in Yuanyu Enterprise Management, bringing its total ownership to 70%.YYAI will remain the company's ticker symbol on Nasdaq.YYAI will commence trading at the opening of the market on Friday, November 22. Windsor Mills, MD, Nov. 20, 2024 (GLOBE NEWSWIRE) -- Connexa Sports Technologies Inc. (NASDAQ:YYAI) is pleased to announce that it has received Nasdaq approval for its continued listing following the acquisition of a further 50% ownership stake in Yuanyu Enterprise Management Limited (YYEM), a Hong Kong-based entity focused on the global Love and Marriage sector. As already approved by Co

Yuanyu enters into exclusive license agreement covering Hong Kong, Japan, Korea, and Southeast Asia.Agreement is expected to generate in excess of $30 million in license income for YYEM through the end of December 2026. The global online dating market is estimated to be $4 billion currently, with nearly 140 million users by 2029.1 Windsor Mills, MD, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Connexa Sports Technologies Inc. (NASDAQ:YYAI) the 20% owner of Yuanyu Enterprise Management Co., Limited (YYEM), a Hong Kong-based entity focused on the global Love & Marriage sector, today announced that it has entered into an exclusive license agreement with Guofu Enterprise Management Co., Limited, a Hong

UK-based Eternity Technology Limited agrees to license Yuanyu's matchmaking services for the emerging Love & Marriage sector.Agreement to generate more than $19 million in license income for YYEM through the end of December 2026. First in a series of license agreements targeted to optimize Yuanyu's patented intellectual property and to establish a global business structure, positioning Yuanyu as a leader in the technology and other IP underlying matchmaking services. Windsor Mills, MD, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Connexa Sports Technologies Inc. (NASDAQ:YYAI) the 20% owner of Yuanyu Enterprise Management Limited (YYEM), a Hong Kong-based entity focused on the global Love &

YYEM posts significant license revenue and net income increases over prior year Company, which is 20% owned by Connexa, to become a subsidiary pending Nasdaq approval Windsor Mills, MD, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Connexa Sports Technologies Inc. (Nasdaq: YYAI) reports unaudited operating results for the first quarter of FY24 from Yuanyu Enterprise Management Co., Ltd. ("YYEM"). Yuanyu is 20% owned by Connexa and will become a 70%-owned subsidiary of Connexa pending Nasdaq's approval. "The strong financial results of YYEM for the first quarter of its financial year support the Board's decision to acquire a majority stake in the company, which the Board expects will deliver shareho

Gross Margin Improves to 41% on 15% lower revenuesOperating expenses reduced by 60% Operating loss improved 71%Net income improved 38% Windsor Mills, MD, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Connexa Sports Technologies Inc. (NASDAQ:YYAI) reported audited operating results for the FY24 period ended April 30, 2024 and provided an update of operations. For the fiscal year 2024 ended April 30, 2024, the Company reported revenue of $8.4 million compared to $9.9 million in the year-ago period – a decrease of 15 percent. Despite on-going high consumer demand, the revenue shortfall can be directly attributed to inventory availability issues stemming back to the end of Q3. Gross mar

Connexa Receives Nasdaq Confirmation Bid Price Hearing Panel Cancelation, and Delisting Determination Withdrawn. Following June 27, 2024 Reverse Split and subsequent 10 days' trading over $1, Connexa Bid Price Compliance is Regained Windsor Mills, MD, July 22, 2024 (GLOBE NEWSWIRE) -- Connexa Sports Technologies Inc. (NASDAQ:YYAI), the owner of Slinger Bag and Gameface AI, announces receipt of Nasdaq confirmation that the Hearing Panel, convened for July 24, 2024, to review Connexa's bid price compliance has been canceled and the delisting determination withdrawn. Following the June 27, 2024 reverse split of its common stock (the "Reverse Split") and subsequent 10-day bid price r

Reverse Split has been approved to take place on June 27, 2024 Windsor Mills, MD, June 25, 2024 (GLOBE NEWSWIRE) -- Connexa Sports Technologies Inc. (NASDAQ:YYAI), the owner of Slinger Bag and Gameface, announced today announced that it will effect a 1-for-20 reverse stock split of its common stock, par value $0.001 per share. The common stock will continue to be traded on Nasdaq under the symbol "YYAI" and will begin trading on a reverse split-adjusted basis when the market opens on June 27, 2024. The new CUSIP of the Company's common stock will be 831445408. Post-reverse split, the number of the Company's outstanding shares will be 2,042,669. At the Company's 2024 Annual Meeting of Sto