Connexa Sports Technologies Inc. Announces Receipt Of Notice From Nasdaq Regarding Late Filing Of Quarterly Report On Form 10-Q
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Connexa Sports Technologies Inc. (NASDAQ:CNXA) has received a notice from Nasdaq regarding its failure to file its Quarterly Report on Form 10-Q for the period ended July 31, 2023, which is a violation of Nasdaq's continued listing requirements. This serves as an additional basis for delisting the company's securities from Nasdaq. The company has until January 22, 2024, to demonstrate compliance with the Minimum Stockholders' Equity Requirement.
September 22, 2023 | 8:33 pm
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Connexa Sports Technologies Inc. is at risk of being delisted from Nasdaq due to its failure to file its Quarterly Report on Form 10-Q. The company has until January 22, 2024, to demonstrate compliance with the Minimum Stockholders' Equity Requirement.
The failure to file the required Quarterly Report on Form 10-Q is a serious violation of Nasdaq's listing requirements. This puts the company at risk of being delisted, which would significantly impact its stock price and investor confidence. The company's ability to demonstrate compliance with the Minimum Stockholders' Equity Requirement by January 22, 2024, will be crucial for its continued listing.
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