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Connexa Sports Technologies (NASDAQ: CNXA) announced on March 21, 2023, that it is facing delisting from Nasdaq due to non-compliance with filing requirements. The company failed to submit its 10-Q form by the March 17 deadline, leading to an Additional Delinquency notice. This follows an earlier warning regarding delinquent filings for the fiscal year ended in April 2022. The Nasdaq Hearings Panel will review the situation on March 30, 2023. Additionally, the company is addressing Corporate Governance Deficiencies related to board resignations. The company’s efforts to resolve these issues may impact its listing status.
Baltimore, Feb. 21, 2023 (GLOBE NEWSWIRE) -- Connexa Sports Technologies Inc. (NASDAQ: CNXA) announced that Nasdaq notified the Company on February 14, 2023, of its impending delisting due to failure to file required financial reports by February 13, 2023. The Delinquent Filings included the Annual Report on Form 10-K for the fiscal year ending April 30, 2022, and Quarterly Reports on Form 10-Q for July 31 and October 31, 2022. The suspension will begin on February 23, 2023, unless the Company appeals by 4:00 p.m. ET on February 21, 2023. Additionally, the Company must address compliance issues related to its board composition by February 27, 2023.
Connexa Sports Technologies (NASDAQ: CNXA) announced it received a notification from Nasdaq on December 20, 2022, regarding non-compliance with periodic filing requirements. The company failed to submit the Form 10-Q for the fiscal quarter ending October 31, 2022, by the December 15, 2022 deadline. Although this notification does not impact current stock trading, Connexa must update its compliance plan by January 4, 2023, and has until April 10, 2023, to regain compliance with the Bid Price Rule. The company continues to face risks in meeting these filing obligations.
