Connexa Sports Shareholders Approve Transaction To Acquire 70% Of Yuanyu Enterprise Management; Financial Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Connexa Sports Technologies Inc. (NASDAQ: YYAI) shareholders have approved the acquisition of 70% of Yuanyu Enterprise Management Co., Limited (YYEM). The transaction, which also includes a change-of-control and spin-off of Slinger Bag, is pending Nasdaq approval.
May 17, 2024 | 4:03 pm
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Connexa Sports Technologies Inc. (NASDAQ: YYAI) shareholders have approved the acquisition of 70% of Yuanyu Enterprise Management Co., Limited (YYEM). The transaction, which also includes a change-of-control and spin-off of Slinger Bag, is pending Nasdaq approval.
The approval of the acquisition and the pending Nasdaq approval are significant steps for Connexa Sports. This transaction could potentially enhance shareholder value and lead to positive short-term price movement for YYAI.
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