Signing Day Sports Raises $5.6M via 9.48M Share Offering with 14.23M Warrants

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Signing Day Sports closed a public offering of 9.48 million common shares and 14.23 million warrants, raising about $5.6 million. Warrants have a $0.7086 exercise price (zero cash down to $0.6760), exercisable until January 23, 2026, and expiring five years or upon its May 2025 merger closing.

1. Closing of $5.6 Million Public Offering Strengthens Balance Sheet

Signing Day Sports completed a public offering of 9,483,500 common shares with detachable warrants for 14,225,250 shares at a combined offering price of $0.5905 per share and warrant. The warrants carry an initial exercise price of $0.7086, with a zero-cash exercise formula subject to a $0.6760 floor and a beneficial ownership cap. They expire upon full exercise, five years from initial exercise, or the closing of the business combination with BlockchAIn Digital Infrastructure, Inc. Gross proceeds before underwriting discounts, commissions and expenses totaled approximately $5.6 million. Maxim Group LLC served as sole book-running manager. The offering was conducted under an SEC-declared effective Form S-1 registration, and a final prospectus is accessible via the SEC’s website. This infusion of capital is expected to extend the Company’s runway for marketing, product development and expansion initiatives without immediate reliance on additional debt financing.

2. Expansion into College Basketball Recruitment Accelerates Market Growth

Signing Day Sports has launched its basketball recruiting vertical, debuting with a combine in Salt Lake City organized in collaboration with former NBA All-Star Thurl Bailey. The event saw over 150 high school prospects undergo verified measurements—wingspan, height, vertical jump—and skill assessments recorded via the Company’s video-verification technology. The basketball platform will allow athletes to upload academic transcripts, standardized test scores and technical drill footage, mirroring the established football model. Management plans to host four additional combines nationwide in the next six months, targeting a 25% increase in registered athletes and facilitating subscription-based revenue from coaches and college programs. By diversifying beyond football, Signing Day Sports aims to capture a larger share of the $2.5 billion high school recruiting services market, leveraging data-driven tools to drive adoption among 500 collegiate coaching staffs by year end.

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