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.
