0001674440 false 0001674440 2022-06-21 2022-06-21 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

 

June 21, 2022

 

Date of Report (Date of earliest event reported)

 

CONNEXA SPORTS TECHNOLOGIES INC.

 

(Exact name of registrant as specified in its charter)

 

Delaware   1-41423   61-1789640
(State or other jurisdiction   (Commission   (IRS Employer
of incorporation)   File Number)   Identification No.)

 

2709 N. Rolling Road, Suite 138

Windsor Mill, MD

21244

 

(Address of principal executive offices, including Zip Code)

 

(443) 407-7564

 

(Registrant’s telephone number, including area code)

 

N/A

 

(Former name or former address, if changed since last report.)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act: None

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 
 

 

Item 7.01 Regulation FD Disclosure.

 

A press release announcing the signing of a technology partnership agreement with Emerson College in respect of PlaySight’s connected camera platform and is being furnished as an exhibit to this report.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits

 

The following exhibit is furnished as part of this report.

 

Exhibit No.   Description
     
99.1   Press Release dated June 21, 2022 (furnished pursuant to Item 7.01)
     
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 
 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  cONNEXA sPORTS TECHNOLOGIES inc.
  a Delaware corporation
     
Dated: June 21, 2022 By: /s/ Mike Ballardie
    Chief Executive Officer

 

 

 

 

Exhibit 99.1

 

 

Emerson College becomes latest NCAA program to partner with Connexa Sports, becoming a PlaySight ‘SmartSchool’ with full athletic department integration

 

The Lions will utilize PlaySight live streaming and performance video across 12 teams; Connexa Sports now works with over 140 NCAA athletic programs

 

BALTIMORE – JUNE 21th, 2022 – Connexa Sports Technologies Inc. (Nasdaq: CNXA) (www.connexasports.com) is pleased to announce that its wholly owned subsidiary, PlaySight Interactive (www.playsight.com) has signed a technology partnership agreement with the athletic department at Emerson College, a private college with its main campus located in Boston, MA. The Lions student-athletes and coaches will soon have access to PlaySight’s fixed and portable connected camera platform, widely used throughout the NCAA as well as high school and professional sports as the standard in sports video.

 

PlaySight is installing its technology at both indoor and outdoor facilities on Emerson’s campus, and its portable GO technology will be used for other fields as well to broadcast and capture video from road games and away matches. The Lions join Springfield College as PlaySight-powered programs in the New England Women’s and Men’s Athletic Conference (NEWMAC) and are the latest Boston-area D3 program to partner up with PlaySight, following in the footsteps of Emmanuel, Suffolk and Tufts.

 

Matt Horan, Emerson’s Interim Director of Athletic Communications, was integral in bringing PlaySight to the program. “Emerson decided to make the investment in PlaySight for many different reasons. For one, the streaming capability will allow fans and families of student-athletes who can’t attend games to get a great viewing experience from home. PlaySight also offers a great mobile solution for our teams who host games off campus. This way we are getting coverage of all our competitions whether they are on campus or at a separate location.”

 

In his role as Sports Information Director, Horan is well-versed in the needs of today’s college athlete, coach and fan from a video standpoint. “I am excited for the streaming process provided by PlaySight. Game days can be stressful and having PlaySight’s streaming service will make streaming of all our athletic events much easier. I’m excited to give the fans/parents who can’t attend games a great viewing experience.”

 

Bill Curley, Emerson’s Men’s Basketball Head Coach, former NBA player and McDonald’s All-American, is looking forward to the video enhancements that PlaySight offers his program. “We have a unique gymnasium and the ability to use the PlaySight SmartTracking system to track the action will not only free coaches up to spend more time analyzing the game, but it will provide our viewers with a great broadcasting experience during our games.”

 

Beyond the live streaming and broadcast benefits, PlaySight enables programs to capture video from multiple, synced angles, for pro-level breakdown capabilities. “Video doesn’t lie and the ability to give instant feedback on an iPad with PlaySight’s replay system is priceless,” continued Curley.

 

“As an alum and former coach at Emerson College, I am thrilled that the athletic department chose PlaySight as their broadcasting and video partner. I know this would have certainly made my life easier back then and I can’t wait to watch the Lions compete live next season on the PlaySight Sports Network,” said PlaySight’s Director of Sales Matt Gibson.

 

-XX-

 

 
 

 

About Connexa Sports Technologies:

 

Connexa Sports a leading connected sports company delivering products, technologies, and services across the ‘Watch, Play, Learn’ commercial and subscription-as-a-service activities in sports. Digital disruption is restructuring how sports are enjoyed, consumed, and monetized, and Connexa Sports is well positioned to capitalize on this with its portfolio of brands: Slinger, PlaySight Interactive, Gameface.AI and Foundation Tennis.

 

With over one million users across its platform, Connexa’s mission is to reimagine sports through technological innovation and an unwavering focus on today’s sports consumer.

 

Contact Information:

 

[email protected]

(443) 407-7564

www.connexasports.com

 

Forward-Looking Statements

 

This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995 that are based on management’s beliefs and assumptions and on information currently available to management. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from the information expressed or implied by forward-looking statements. Forward-looking statements in this press release may include statements about our plans to obtain funding for our current and proposed operations and potential acquisition and expansion efforts; the ultimate impact of the COVID-19 pandemic, or any other health epidemic, on our business, our clientele or the global economy as a whole; debt obligations of the Company; our general history of operating losses; our ability to compete with companies producing products and services; the scope of protection we are able to establish and maintain for intellectual property rights covering our products and technology; the accuracy of our estimates regarding expenses, future revenue, capital requirements and needs for additional financing; our ability to develop and maintain our corporate infrastructure, including our internal controls; our ability to develop innovative new products; and our financial performance. In addition, statements that “we believe” and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based upon information available to us as of the date of this press release, and while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain and investors are cautioned not to unduly rely upon these statements. We qualify all of our forward-looking statements by these cautionary statements. Forward-looking statements speak only as of the date they are made, and we do not undertake to update these statements other than as required by law. You are advised, however, to review any further disclosures we make on related subjects in our periodic filings with the Securities and Exchange Commission.