Failure to Satisfy Listing Rule - Form 8-K

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On May 1, 2024, Connexa Sports Technologies Inc. (the "Company") received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") indicating that, due to the Company's failure, in violation of Listing Rules 5620(a) and 5810(c)(2)G), to hold an annual meeting of shareholders within twelve months of the end of the Company's fiscal year end of April 30, 2023, it no longer complies with the Nasdaq's Listing Rules for continued listing. Under Nasdaq Rules, the Company has 45 calendar days from May 1, 2024 to submit a plan to regain compliance and if the Nasdaq accepts such plan, Nasdaq can grant an exception of up to 180 calendar days from the fiscal year end, or until October 28, 2024, to regain compliance.

As previously disclosed in the Company's definitive proxy statement on Schedule 14A dated May 2, 2024, the Company is currently scheduled to hold an annual meeting of shareholders on May 15, which the Company believes will be sufficient to permit it regain compliance with the Nasdaq's Listing Rules for continued listing.