CONNEXA HAS CLOSED THE ACQUISITION OF A FURTHER 50% OF YYEM AND CONFIRMS THAT TRADING OF THE POST-ACQUISITION YYAI WILL COMMENCE FRIDAY, NOVEMBER 22, 2024
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Connexa Sports Technologies Inc. has acquired an additional 50% stake in Yuanyu Enterprise Management Co., increasing its ownership to 70%. Trading of the post-acquisition entity, YYAI, will begin on Nasdaq on November 22, 2024.
November 21, 2024 | 10:00 pm
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Connexa Sports Technologies Inc. has completed the acquisition of an additional 50% stake in YYEM, increasing its total ownership to 70%. Trading of the post-acquisition entity, YYAI, will begin on Nasdaq on November 22, 2024.
The acquisition increases Connexa's stake in YYEM to 70%, which is significant for the company's growth strategy. The confirmation of trading on Nasdaq is likely to positively impact the stock price as it reflects the company's expansion and potential for increased revenue.
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