Business Context and Reporting Period
Company: Connexa Sports Technologies Inc. (Note: Request metadata listed "AIRWA INC.", but the filing identifies the registrant as Connexa Sports Technologies Inc.)
Filing Type: Form 8-K (Current Report)
Date: September 24, 2025
Reporting Period: Single event date (September 24, 2025)
Business Context: The Company operates in the sports technology and digital asset space, specifically developing an "aiRWA Exchange" in conjunction with a joint venture with JuCoin Capital Pte Ltd.
Key Financial Metrics
This Form 8-K is a current report regarding a specific corporate event and does not contain financial statements, revenue figures, profit data, cash flow, margins, debt levels, or liquidity metrics. The filing text does not provide a clear value for any financial performance indicators.
Material Changes
- New Services Agreement: On September 24, 2025, the Company entered into a services agreement with Inca Digital, a provider of digital asset intelligence and security solutions.
- Strategic Purpose: The agreement is designed to support the development of the Company's previously announced joint venture with JuCoin Capital Pte Ltd.
- Security Framework: The partnership aims to strengthen the security framework for the Company's aiRWA Exchange.
Guidance, Outlook, and Risks
Management Commentary: The filing references a press release (Exhibit 99.1) detailing the contract with Inca Digital. The Company emphasizes the strategic importance of this partnership for its exchange development.
Forward-Looking Statements: The report contains forward-looking statements regarding the Company's ability to regain compliance with Nasdaq listing standards or receive additional time from Nasdaq to do so.
Risks and Contingencies:
- Actual outcomes may differ materially from projections due to risks and uncertainties.
- There is no assurance that the Company will successfully regain Nasdaq compliance.
- Information regarding specific risk factors is referenced in other SEC filings but not detailed in this document.
Investor Verification Checklist
- Verify the terms and financial obligations of the services agreement with Inca Digital (refer to Exhibit 99.1).
- Confirm the current status of the joint venture with JuCoin Capital Pte Ltd.
- Review the Company's most recent periodic reports (10-K or 10-Q) for financial health, as this 8-K contains no financial data.
- Monitor the Company's status regarding Nasdaq listing compliance, as this is explicitly cited as a forward-looking uncertainty.