Connexa Sports Technology shares are trading higher after its minority ownership stake business, Yuanyu Enterprise Management, entered into an exclusive license agreement that will generate $19 million in income through the end of December 2026.
Portfolio Pulse from Benzinga Newsdesk
Connexa Sports Technology's shares rose after its minority-owned business, Yuanyu Enterprise Management, secured an exclusive license agreement expected to generate $19 million in income by December 2026.
October 07, 2024 | 2:27 pm
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Connexa Sports Technology's shares increased due to Yuanyu Enterprise Management's new exclusive license agreement, which is projected to bring in $19 million by the end of 2026.
The exclusive license agreement by Yuanyu Enterprise Management, a business in which Connexa Sports Technology holds a minority stake, is expected to generate significant income. This positive financial development is likely to boost investor confidence and drive up the stock price in the short term.
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