Signing Day Sports Closes $5.6M Offering, Launches Basketball Combine with Thurl Bailey
Signing Day Sports closed a $5.6M public offering of 9.48M shares at $0.5905, plus warrants exercisable at $0.7086 for 14.23M shares through Jan. 23, 2026. The company also launched its basketball recruitment platform with a Salt Lake City combine featuring former NBA player Thurl Bailey.
1. Signing Day Sports Secures $5.6 Million in Public Offering
Signing Day Sports, Inc. completed a public offering of 9,483,500 common shares paired with warrants to purchase 14,225,250 shares, generating approximately $5.6 million in gross proceeds before underwriting discounts and commissions. The warrants carry an initial exercise price of $0.7086 and may be exercised on a cashless basis down to a floor of $0.6760 per share until January 23, 2026. Maxim Group LLC served as sole book-running manager. Proceeds will bolster the Company’s balance sheet as it advances its app and platform for high-school athlete recruitment and pursues its previously announced business combination with BlockchAIn Digital Infrastructure, Inc.
2. Expansion into College Basketball Recruitment
Building on its football success, Signing Day Sports hosted its inaugural basketball combine in Salt Lake City in partnership with former NBA All-Star Thurl Bailey. The event verified athlete measurables—height, wingspan, vertical leap and timed shooting drills—using the Company’s video-verified technology. The platform’s upcoming basketball module will allow athletes to upload game footage, academic transcripts and standardized test scores, providing coaches with a unified data set for evaluation. Management plans additional regional combines throughout 2026 and expects this multisport strategy to drive user growth and diversify revenue streams.