Connexa Sports Technologies Stock Plunges 47% On AiRWA Venture News

(RTTNews) - Connexa Sports Technologies Inc. (YYAI) tumbled 46.84 percent to $2.03, down $1.78 on Friday, after announcing a $500 million definitive agreement with Singapore-based JuCoin Capital to launch aiRWA, a next-generation digital asset platform focused on real-world asset tokenization. Despite the ambitious partnership, the news triggered a sharp selloff in shares.

The stock opened at $2.93 and swung widely between $1.06 and $3.01, compared with a prior close of $3.82 on the Nasdaq. Trading volume spiked to 22.3 million shares, far surpassing its average of 928,501.

Connexa shares are trading well below the midpoint of their 52-week range of $0.35 to $10.30.