Connexa Sports (NASDAQ: YYAI) signs $500 million crypto pact

Rhea-AI Filing Summary

Connexa Sports Technologies Inc. reported that it has signed a $500 million agreement to launch a new cryptocurrency exchange focused on real-world assets (RWA). This suggests the company is moving into digital asset infrastructure, using blockchain to trade or manage assets that exist in the physical or traditional financial world.

Connexa also entered into a strategic memorandum of understanding to launch a new stablecoin in Asia. A stablecoin is a type of cryptocurrency designed to maintain a stable value, typically linked to a reference asset. Together, the exchange agreement and the stablecoin memorandum indicate a planned expansion into crypto and stablecoin markets, particularly with an emphasis on Asian opportunities.

Insights

Fintech and Digital Assets Analyst

Connexa is pivoting into large-scale crypto and stablecoin initiatives.

The company disclosed a signed $500 million agreement to launch a cryptocurrency exchange focused on real-world assets. This points to an ambition to operate core trading or infrastructure services in tokenized assets, which can be a very different business profile than traditional sports technology activities.

Connexa also signed a strategic memorandum of understanding to launch a new stablecoin in Asia. Because a memorandum of understanding is typically a framework rather than a final contract, the eventual scope and timing will depend on subsequent definitive agreements and regulatory conditions in the relevant Asian markets.

Together, these steps show an intent to build both an exchange platform and a related stablecoin product. Future company disclosures will be important to understand the detailed economics, counterparties, and regulatory paths for these initiatives.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

August 25, 2025

Date of Report (Date of earliest event reported)

CONNEXA SPORTS TECHNOLOGIES INC.

(Exact name of registrant as specified in its charter)

Delaware		1-41423		61-1789640
(State or other jurisdiction		(Commission		(IRS Employer
of incorporation)		File Number)		Identification No.)

74 E. Glenwood Ave. #320

Smyrna, DE 19977

(Address of principal executive offices, including Zip Code)

(443) 407-7564

(Registrant’s telephone number, including area code)

2709 N. Rolling Road, Suite 138

Windsor Mill, MD

21244

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, $0.001 par value		YYAI		Nasdaq Capital Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01. Other Events.

On August 25, 2025, Connexa Sports Technologies Inc. issued a press release announcing the signing of a $500 million agreement to launch a new cryptocurrency exchange focused on RWA, as well as a strategic memorandum of understanding to launch a new stablecoin in Asia. A copy of the press release is furnished herewith as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits:

Exhibit No.		Description
99.1		Press Release, dated August 25, 2025
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Connexa Sports Technologies Inc.
	a Delaware corporation
Dated: August 25, 2025	By:	/s/ Thomas Tarala
		Chief Executive Officer

FAQ

What did Connexa Sports Technologies Inc. (YYAI) disclose in this 8-K?

Connexa Sports Technologies Inc. disclosed that it signed a $500 million agreement to launch a new cryptocurrency exchange focused on real-world assets and a strategic memorandum of understanding to launch a new stablecoin in Asia.

What is the size of the new cryptocurrency exchange agreement announced by Connexa Sports (YYAI)?

Connexa Sports announced a $500 million agreement to launch a new cryptocurrency exchange focused on real-world assets.

What type of cryptocurrency initiatives is Connexa Sports (YYAI) planning?

Connexa Sports is planning two major initiatives: a cryptocurrency exchange focused on real-world assets under a $500 million agreement, and a stablecoin launch in Asia under a strategic memorandum of understanding.

Is the Connexa Sports (YYAI) stablecoin project finalized?

The stablecoin project is currently described as a strategic memorandum of understanding to launch a new stablecoin in Asia, indicating a framework agreement that may precede final, definitive contracts.

When did Connexa Sports (YYAI) announce the crypto exchange and stablecoin plans?

Connexa Sports stated that on August 25, 2025 it issued a press release announcing the $500 million cryptocurrency exchange agreement and the strategic memorandum of understanding for a new stablecoin in Asia.

Where can investors find more details on Connexa Sports (YYAI) crypto initiatives?

Further details are contained in the press release attached as Exhibit 99.1, which is referenced in the disclosure.