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Why Connexa Sports Stock Plunged Today

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Connexa Sports Technologies Inc. CNXA shares are experiencing a decline in trading today due to the company’s announcement that it has received a letter from the Nasdaq regarding the delayed filing of its quarterly report.

Background: The company received the letter on Friday, which stated that it was not in compliance with the Nasdaq’s listing requirements due to the failure to submit its Quarterly Report on Form 10-Q for the period ending July 31. Connexa Sports Technologies Inc. has until September 27 to address the issue with Nasdaq officials.

Impact on CNXA Stock: As a result of these developments, shares of CNXA plummeted by 24.6% to $3.99 as reported on Benzinga Pro.

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