Connexa Sports Surges 32% on $100M Blockchain Pivot, Rebrand to AiRWA
The sports technology firm will rebrand as AiRWA and launch a crypto exchange with Singapore's JuCoin, sparking significant after-hours trading.
Connexa Sports Technologies Inc. (NASDAQ: YYAI) shares skyrocketed 32.12% in after-hours trading after the company announced a dramatic corporate overhaul that includes a new nine-figure investment and a pivot to blockchain technology. The firm will be rebranded as AiRWA Inc. as it shifts its focus from sports tech to Web3 and decentralized finance.
The strategic transformation is anchored by a , a Singapore-based cryptocurrency company. This capital injection, which includes 150,000 Solana (SOL) tokens, will fund a new joint venture known as the AiRWA Exchange.
The new exchange aims to build a 24/7 trading platform for tokenized U.S. equities built on the Solana blockchain, which is recognized for its high throughput and low transaction fees. According to the announcement, the AiRWA Exchange has already completed successful test runs and plans to roll out its services to JuCoin's ecosystem of approximately four million users.
The market's reaction pushed the micro-cap stock to $0.26 per share after hours. This surge provides a notable reversal for the company, which has seen its value decline more than 84% in 2025. With a market capitalization of just $2.81 million, whether this ambitious pivot into the competitive blockchain sector can create a sustainable turnaround for the newly-minted AiRWA Inc.