Signing Day Sports Raises $5.6M via 9.48M Shares, Unveils Basketball Recruitment Launch
Signing Day Sports closed a $5.6 million public offering of 9,483,500 shares with warrants exercisable at $0.7086, generating $5.6 million in gross proceeds. The company also launched its basketball recruiting platform with a Salt Lake City combine in collaboration with former NBA player Thurl Bailey.
1. Signing Day Sports Completes $5.6 Million Capital Raise
Signing Day Sports, Inc. closed its recently announced public offering, issuing 9.48 million shares of common stock paired with warrants to purchase an additional 14.23 million shares. The transaction, led by Maxim Group LLC as sole book-runner, generated approximately $5.6 million in gross proceeds before underwriting discounts and commissions. Warrants carry a defined exercise price and formula-based cashless exercise option, are subject to a beneficial ownership limit and will expire upon full exercise, after five years, or upon closing of the previously announced business combination with BlockchAIn Digital Infrastructure, Inc. The offering was conducted under an SEC-declared effective registration statement, and electronic copies of the final prospectus are available via the SEC or directly from Maxim Group LLC’s syndicate department.
2. Company Expands Platform to Support College Basketball Recruitment
Building on its football recruiting footprint, Signing Day Sports unveiled plans to introduce basketball-specific capabilities within its app and platform. The Company recently hosted its inaugural basketball combine in Salt Lake City in partnership with former NBA forward Thurl Bailey, who contributed to the design of recruiting tools tailored to basketball measurables, skill verification and video analytics. This event represents the first of several scheduled combines and feature rollouts over coming months. By standardizing data-verified profiles—covering athletic testing, academic records and technique footage—for basketball prospects, Signing Day Sports aims to broaden its service offering and enhance exposure opportunities for high school athletes and college coaches alike.