Why Connexa Sports Stock Plunged Today

Connexa Sports Technologies Inc. CNXA shares are trading lower Monday after the company announced that it received a letter from the Nasdaq regarding the late filing of its quarterly report.

What To Know: The letter, received last Friday, indicated that the company was in violation of the Nasdaq's continued listing requirements due to its failure to file its Quarterly Report on Form 10-Q for the period ended July 31. The company was given until September 27 to present its views on the issue.

Related Link: What's Going On With Canopy Growth Stock?

CNXA Price Action: Shares of CNXA were down 24.6% at $3.99 at the time of publication, according to Benzinga Pro.

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