Lucosky Brookman Successfully Represents Connexa Sports Technologies, Inc. in $5 Million Private Placement of Common Stock and Warrants
Lucosky Brookman LLP congratulates its client, Connexa Sports Technologies, Inc. (NASDAQ: CNXA) on the closing of its $5 Million private placement transaction. 12,820,512 shares of common stock were sold in the offering, together with 12,820,512 warrants at an exercise price of $0.39 per share and 25,641,024 warrants at an exercise price of $0.43 per share. Connexa intends to use the net proceeds from the offering for working capital purposes and to repurchase inventory.
Congratulations to CEO Mike Ballardie and counsel Mark Radom on the successful closing of this transaction. The transaction went through many iterations and stops-and-starts. We are excited to have been able to assist you as you close this important transaction for the Company.
Lucosky Brookman acted as corporate and securities counsel to the Company, while Spartan Capital Securities LLC acted as the exclusive placement agent in the offering.