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On October 11, 2023, Connexa Sports Technologies Inc. (the “Company”) entered into a loan and security modification agreement (the “Loan and Security Modification Agreement”) with a one or more institutional investors (the “Lenders”) and a certain institutional investor, as agent for the Lenders (the “Agent”) amending the terms of the Loan and Security Agreement dated January 6, 2023 (the “LSA”) by and among the Company, the Lenders and the Agent to make an additional loan of $1,000,000 and modify the terms of the LSA to reflect the New Loan.
In connection with the Loan and Security Modification Agreement, the Company agreed to issue to the investor warrants (the “Common Warrants”) to purchase up to 169,196 shares of Common Stock at an exercise price of $1.90 per share. The Common Warrants are exercisable six months after their issuance and will expire five and one-half years from their date of issuance. The Common Warrants and the shares of our Common Stock issuable upon the exercise of the Common Warrants are not being registered under the Securities Act of 1933, as amended (the “Securities Act”), were not offered pursuant to the Registration Statement and were offered pursuant to the exemption provided in Section 4(a)(2) under the Securities Act, and Rule 506(b) promulgated thereunder.
With all these good news the price should have been at 3's already. I think the price will move up very quickly soon.
Tomorrow probably.
back to $3?
Connexa Sports Technologies Inc. (NASDAQ: CNXA) (www.connexasports.com) (the “Company”) announced that it will conduct a reverse stock split of its outstanding shares of common stock at a ratio of 1-for-40. The reverse stock split will become effective on September 22, 2023. The Company’s common stock will begin trading on a post-split basis at the market open on September 25, 2023, under the Company’s existing trading symbol "CNXA", with the new CUSIP number, 831445309. The reverse stock split is part of the Company’s plan to regain compliance with the minimum bid price requirement of $1.00 per share required to maintain continued listing on The Nasdaq Capital Market, among other benefits.
in out Volume up 50% in 1 hr
CNXA: Hopefully!!! (But by THIS time of any day, one is NOT going to get endless up-&-downs within the SAME price range.)
In and out 3 times already today. The volume is almost 20 times the OS. Does it have one more push to .27
$CNXA
That came a went already
Nice and liquid
CNXA, good run. my 7 cents now tripled .
there was a twit alert-- VERY NICE
Dump coming
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172485080&txt2find=cnxa
SOMEBODIES GOT IT GOIN THIS MORN
PROBABLY WITH A WASH TRADING BOT
13'S JUST HIT 15'S
I hope everyone got out on this pump. I've been doing this forever.
For every $1000 sold they pay themselves $10,000. It's a big ol tennis orgy with management and their "ambassadors" LOL
Stockholder equity swung ($40MILLION) LOL! They are STEALING from stockholders. Dirtiest managment I've seen in a while. Dilution scheme here. This will go BK when they're done diluting. For. Sure.
Go figure, LMAO
This fake company missed it yesterday when shorts were covering, I will never be back. Checked insider selling it's bad, which would explain short selling rip-off yesterday.
They still have 278 million shares to dilute. Zero is a long ways out, but I wouldn't go long this one any time soon.
They manipulate the stock then Rape you crooked asses
As long as you know how to navigate them, penny stocks can be ok. They usually go to zero at some point. This one has that written all over it. They'll use the stock as much as possible before taking private. Insiders will get paid well though.
Yeah a lot of penny sticks are the same way no surprise to me
CNXA stock is nothing more than an ATM for management. Sales and General Admin is higher than revenue. They literally pay themselves more than the revenue. They reverse split and do secondary offerings and put the money into their own pockets. Liabilities are much higher than assets, so they will go bk at some point. This is about as crooked a management team as you'll see. They should be in prison. I lost my ash on this when it was SLBG and, at one time, I thought it was promising, but management stole from shareholders by the $$million$s. Luckily, I've recovered on other stuff, but these people are super-crooks.
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2709 N. Rolling Road
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