Connexa Sports Technologies Inc. is Renamed “AiRWA Inc.” and Announces $100 Million Confirmed Investment into AiRWA Exchange

Rhea-AI Summary

AiRWA Inc. (Nasdaq: YYAI) — formerly Connexa Sports Technologies — will adopt its new name effective October 7, 2025 as it pivots into Web3 and tokenized finance.

AiRWA co-founded AiRWA Exchange, planned to receive $500 million in funding from Connexa and JuCoin; JuCoin has committed an initial $100 million including 150,000 Solana tokens (~$30 million). The exchange will prioritize Solana-anchored trading pairs. AiRWA also announced a collaboration with Inca Digital (Sept 24, 2025) to add monitoring, threat detection, and compliance tools. CUSIP remains 831445408.

Positive

• $100 million initial commitment from JuCoin
• 150,000 Solana tokens (~$30M) contributed
• Total planned funding of $500 million for AiRWA Exchange
• Name change effective Oct 7, 2025 aligning strategy
• Partnership with Inca Digital for security and compliance

Negative

• AiRWA Exchange will anchor trading pairs to Solana, creating concentration risk
• Significant strategic pivot could change core business focus for existing operations

Smyrna, Delaware, Oct. 06, 2025 (GLOBE NEWSWIRE) -- Connexa Sports Technologies Inc. (Nasdaq: YYAI) (“Connexa”) today announced several key developments regarding its expansion into the Web3 space:

• Effective October 7, 2025, the company will be renamed AiRWA Inc., reflecting its growing focus on blockchain technology and its pioneering role in the emerging digital finance sector. This change aligns with the company’s ongoing collaboration with JuCoin Pte Ltd (“JuCoin”) and the launch of their joint venture, AiRWA Exchange.
  
  
• In a significant move to solidify the future of AiRWA Exchange, JuCoin has committed to an initial investment of $100 million. This contribution will include 150,000 Solana tokens, currently valued at approximately $30 million. This development coincides with the companies’ decision to focus on Solana-anchored trading pairs as they work to create a dynamic, future-proof platform bridging the physical and digital worlds.
  
  

A New Chapter for Connexa, and an Initial Contribution to AiRWA Exchange

Connexa’s co-founding of AiRWA Exchange is a critical milestone in the company’s evolution, marking a major pivot toward blockchain-based financial services. Announced on August 25, 2025, AiRWA Exchange will be a groundbreaking platform designed to facilitate the tokenization and trading of real-world assets (RWA). The exchange will receive $500 million in funding from Connexa and JuCoin, with $100 million now committed by JuCoin, including approximately $30 million of Solana tokens. An additional collaboration with Inca Digital, a global leader in digital asset intelligence and security solutions, announced on September 24, 2025, will enable AiRWA Exchange to integrate advanced monitoring, threat detection, and compliance tools into its ecosystem, safeguarding against potential risks and ensuring a trusted environment for all users.

Connexa’s change of name to AiRWA Inc. reflects the company’s intention to make AiRWA Exchange core to its business and to focus on its goal of enhancing global access to tokenized financial products by enabling seamless transactions and greater transparency. AiRWA’s CUSIP will remain 831445408.

“We are excited to announce our new name and vision for AiRWA Inc.,” said Hongyu Zhou, Chairman of Connexa. “As we continue to scale our Web3 initiatives, the establishment of AiRWA Exchange represents not only a technical evolution but a strategic shift toward creating a next-generation financial ecosystem. This is just the beginning.”

AiRWA Exchange and Solana: A Strategic Partnership

In conjunction with the announcement of JuCoin’s contribution of $30 million of Solana tokens as part of its initial contribution of $100 million, Connexa has revealed that AiRWA Exchange will anchor its major trading pairs around Solana, a highly scalable blockchain known for its low fees and high throughput. Following strategic meetings between Connexa, JuCoin, and Solana representatives, the decision has been made to prioritize Solana as the backbone of the exchange’s digital infrastructure.

“We firmly believe in Solana’s technological capabilities and its ability to scale rapidly with high transaction volume, which are crucial to our vision for AiRWA Exchange,” said Mr. Zhou. “The initial Solana token contribution from JuCoin is the first step in what we envision as a long-term, mutually beneficial partnership, with Solana at the forefront of the development of AiRWA Exchange.”

“With the strong foundation we’ve established with JuCoin, Solana, and Inca Digital, we are confident in our ability to drive innovation in digital finance and blockchain technology,” continued Mr. Zhou. “The future of finance is decentralized, and AiRWA Exchange will be at the forefront of this transformation.”

— Press release ends —

About YYAI

Connexa Sports Technologies Inc. (Nasdaq: YYAI), through its majority-owned subsidiary, Yuanyu Enterprise Management Co., Limited, owns advanced patents and proprietary technology licensed to partners worldwide, enabling localized digital matchmaking and other technology solutions. Soon to become AiRWA Inc., the company is also active in the Web3 space, driving innovation in digital finance through AiRWA Exchange, which will focus on the tokenization of real-world assets (RWA).

YYAI Contact Information

Email: info@yuanyuenterprise.com
Website: www.yuanyuenterprise.com

Forward-Looking Statements

This press release contains forward-looking statements. Statements that are not historical facts, including statements about beliefs or expectations, are forward-looking statements. These statements are based on current plans, estimates, and expectations, and involve inherent risks and uncertainties. Actual results may differ materially due to various factors, including:

• volatility related to the Company’s relatively low public float;
• the effects of prior acquisitions and divestitures on current and future business operations;
• strategic and operational uncertainties;
• risks associated with potential litigation, financing transactions, or acquisitions;
• macroeconomic, competitive, legal, regulatory, tax, and geopolitical factors; and
• other risks detailed in the Company’s filings with the SEC, including its Annual Report on Form 10-K for the fiscal year ended April 30, 2025.

Forward-looking statements speak only as of the date they are made. Neither the Company nor any other person undertakes to update any forward-looking statements, except as required by law.

FAQ

What does the Connexa name change to AiRWA (YYAI) mean for shareholders?

Effective Oct 7, 2025, the company shifts focus to Web3 and AiRWA Exchange as core strategy.

How much did JuCoin commit to AiRWA Exchange and what does it include?

JuCoin committed $100 million, including 150,000 Solana tokens (~$30M), as an initial contribution.

What is the total planned funding for AiRWA Exchange (YYAI)?

AiRWA Exchange is planned to receive $500 million in funding from Connexa and JuCoin.

Why will AiRWA Exchange use Solana (YYAI) for major trading pairs?

The company cited Solana's high throughput and low fees as reasons to prioritize it for trading pairs.

Will AiRWA’s CUSIP change after the rebrand (YYAI)?

No. AiRWA’s CUSIP will remain 831445408 after the name change.

What role will Inca Digital play in AiRWA Exchange?

Inca Digital will provide monitoring, threat detection, and compliance tools to the exchange.