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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

 

September 24, 2025

 

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.)

 

74 E. Glenwood Ave., #320

Smyrna, DE 19977

(Address of principal executive offices, including Zip Code)

 

(646) 453-0678

 

(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:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock, $0.001 par value   YYAI   Nasdaq Capital Market

 

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 8.01 Other Events

 

On September 24, 2025, Connexa Sports Technologies Inc. (the “Company”) issued a press release to announce the entry into a services agreement with Inca Digital, a leading provider of digital asset intelligence and security solutions, to support the development of the Company’s previously announced joint venture with JuCoin Capital Pte Ltd. A copy of the press release is attached as Exhibit 99.1.

 

The information contained in this Item 8.01 and Exhibit 99.1, attached hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended and shall not be deemed incorporated by reference in any filing with the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended or the Securities Act of 1933, as amended whether made before or after the date hereof and irrespective of any general incorporation language in any filings.

 

Item 9.01 Financial Statements and Exhibits.

 

The following exhibits are furnished with this Form 8-K:

 

Exhibit No.   Description
99.1   Press Release dated September 24, 2025, entitled “Connexa Sports Technologies Inc. Signs Contract with Inca Digital to Strengthen Security Framework for aiRWA Exchange”
     
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

Portions of this report may constitute “forward-looking statements” as defined by federal law. Although the Company believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Additional information about issues that could lead to material changes in the Company’s performance is contained in the Company’s filings with the SEC.

 

Forward-Looking Statements

 

This Current Report on Form 8-K contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this Current Report on Form 8-K other than statements of historical fact are forward-looking statements. Such forward-looking statements include, among other things, statements regarding the Company’s ability to regain compliance with Nasdaq listing standards or receive additional time from Nasdaq to regain compliance if necessary. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. Words such as “believes,” “anticipates,” “plans,” “expects,” “intends,” “will,” “goal,” “potential” and the negative of such terms or other similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Such forward-looking statements are based on the Company’s current expectations and involve assumptions that may never materialize or may prove to be incorrect. Actual results could differ materially from those projected in any forward-looking statements due to numerous risks and uncertainties. Information regarding the foregoing and additional risks may be found in the section entitled “Risk Factors” in documents that the Company files from time to time with the Securities and Exchange Commission. These forward-looking statements are made as of the date of this Current Report on Form 8-K, and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

 

 

 

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: September 24, 2025 By: /s/ Thomas Tarala
    Chief Executive Officer

 

 

 

 

EX-99.1 2 ex99-1.htm EX-99.1

 

Exhibit 99.1

 

 

Connexa Sports Technologies Inc.
Signs Contract with Inca Digital
to Strengthen Security Framework for aiRWA Exchange

 

Smyrna, Delaware – September 24, 2025 (GLOBE NEWSWIRE) – Connexa Sports Technologies Inc. (Nasdaq: YYAI) (“Connexa”) today announced that it has signed a service agreement with Inca Digital, a leading provider of digital asset intelligence and security solutions, to support the development of its previously announced joint venture with JuCoin Capital Pte Ltd (“JuCoin”).

 

This agreement is designed to provide greater certainty, resilience, and oversight for the aiRWA platform, a $500 million joint initiative between Connexa and JuCoin focused on tokenizing real-world assets (RWAs). The collaboration with Inca Digital will add advanced monitoring, threat detection, and compliance capabilities to ensure the long-term integrity of the exchange ecosystem.

 

Inca Digital is recognized for its work with both the private sector, including PayPal, Brave, and SUI, and U.S. federal agencies, including the Department of Defense and the Department of Homeland Security, as well as financial regulators such as the Commodity Futures Trading Commission. Often described as the “Palantir for digital assets,” Inca Digital applies AI-driven analytics to blockchain transactions, market activity, dark web data, and social media to uncover risks, anomalies, and emerging threats across the global digital asset landscape.

 

Under this agreement, Inca Digital will deliver:

 

  Ecosystem Mapping – Identifying threats, counterfeit tokens, and potentially harmful smart contracts connected to the platform.
     
  Threat Intelligence – Monitoring for scams, fraud, sanctioned entity activity, and illicit use cases.
     
  Market Data & Analysis – Detecting manipulation and wash trading.
     
  Actionable Outcomes – Providing citation-backed reports, real-time alerts, and collaboration with regulators and law enforcement when needed.

 

This agreement follows Connexa and JuCoin’s August 29, 2025, announcement of their $500 million definitive agreement to launch aiRWA, a next-generation exchange for real-world asset tokenization. While JuCoin provides digital finance expertise and Connexa contributes its governance experience as a U.S.-listed company, Inca Digital brings a compliance and security-first approach that strengthens the foundation of the project.

 

“Integrating Inca Digital into this initiative is a natural progression of our strategy,” said Hongyu Zhou, Chairman of Connexa. “JuCoin brings deep knowledge of digital assets, Connexa provides public market governance, and Inca Digital ensures that our exchange is designed with a best-in-class security and compliance infrastructure from day one. Together, we believe this combination sets a higher standard for how tokenized asset platforms can operate.”

 

“This partnership represents an important milestone in Inca Digital’s global growth strategy,” added Adam Zarazinski, CEO of Inca Digital. “Expanding further into Asia enables us to deepen our presence in key digital asset markets and position our firm to support the region’s rapidly growing financial technology ecosystem.”

 

By engaging Inca Digital, Connexa is prioritizing transparency, risk management, and regulatory alignment — elements that are expected to be critical for the successful adoption of aiRWA by both institutional and retail investors worldwide.

 

 

 

 

About YYAI

 

— Press release ends — Connexa Sports Technologies Inc. (Nasdaq: YYAI), through its majority-owned subsidiary, Yuanyu Enterprise Management Co., Limited, owns advanced patents and proprietary technology licensed to partners worldwide, enabling localized digital matchmaking and other technology solutions.

 

YYAI Contact Information

 

Email: info@yuanyuenterprise.com

Website: www.yuanyuenterprise.com

 

Forward-Looking Statements

 

This press release contains forward-looking statements. Statements that are not historical facts, including statements about beliefs or expectations, are forward-looking statements. These statements are based on current plans, estimates, and expectations, and involve inherent risks and uncertainties. Actual results may differ materially due to various factors, including:

 

  volatility related to the Company’s relatively low public float;
     
  the effects of prior acquisitions and divestitures on current and future business operations;
     
  strategic and operational uncertainties;
     
  risks associated with potential litigation, financing transactions, or acquisitions;
     
  macroeconomic, competitive, legal, regulatory, tax, and geopolitical factors; and
     
  other risks detailed in the Company’s filings with the SEC, including its Annual Report on Form 10-K for the fiscal year ended April 30, 2025.

 

Forward-looking statements speak only as of the date they are made. Neither the Company nor any person undertakes to update any forward-looking statements, except as required by law.