Signing Day Sports Raises $5.6M and Debuts Basketball Recruitment Platform
Signing Day Sports completed a public offering of 9,483,500 common shares with warrants to purchase 14,225,250 shares, raising approximately $5.6 million at $0.5905 per share and warrants exercisable at $0.7086 until January 23, 2026. The company also launched its basketball recruitment platform, hosting its inaugural combine in Salt Lake City with former NBA player Thurl Bailey.
1. Company Completes $5.6 Million Capital Raise
Signing Day Sports closed a public offering of 9,483,500 common shares paired with warrants to purchase 14,225,250 additional shares, generating approximately $5.6 million in gross proceeds before underwriting discounts and commissions. Maxim Group LLC served as sole book-running manager, and the registration statement on Form S-1 (File No. 333-292569) was declared effective by the SEC on January 13, 2026. Warrants expire upon full exercise, five years from initial exercise or the closing of the planned business combination with BlockchAIn Digital Infrastructure, Inc., as defined in the May 27, 2025 merger agreement. Proceeds will support ongoing platform development and strategic initiatives tied to the anticipated merger transaction.
2. Expansion into College Basketball Recruitment
Signing Day Sports announced the upcoming launch of its basketball recruitment features and hosted its inaugural combine in Salt Lake City in partnership with former NBA All-Star Thurl Bailey. The event introduced video-verified measurables, academic data uploads and skill-assessment drills customized for basketball prospects. President Jeff Hecklinski highlighted that the basketball program will follow the proven model developed for football, offering coaches standardized, data-driven evaluation tools. Additional regional combines and full integration of basketball-specific technology into the Signing Day Sports app are scheduled over the next quarter, targeting over 200 high-school programs in the initial deployment phase.