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Signing Day Sports, Inc. (NYSE American: SGN) is the developer of the Signing Day Sports app and platform, which are dedicated to improving the recruiting process for high school student-athletes and college coaches. News about SGN often centers on how the company advances its technology-driven recruiting ecosystem and expands its sports and event footprint.
Readers following SGN news can expect updates on capital markets activity, such as registered public offerings of common stock and warrants described in Form S-1 filings and related 8-K reports. These items cover the pricing and closing of offerings, the structure of associated warrants, and the company’s use of proceeds for working capital and transaction-related expenses.
Another recurring theme in Signing Day Sports news is its proposed business combination with BlockchAIn Digital Infrastructure, Inc. and One Blockchain LLC. Press releases and 8-K filings discuss the Business Combination Agreement, amendments to that agreement, the filing and status of a Registration Statement on Form S-4, anticipated closing timelines subject to conditions, and the expected structure in which Signing Day Sports would become a wholly owned subsidiary of BlockchAIn Inc.
Operational news highlights the company’s combine events and sport expansions. Coverage includes the 2025 Military Appreciation Bowl National Combine at The Star in Frisco, Texas, which drew nearly 1,000 student-athletes and featured international participants and women’s flag football athletes, as well as announcements of a Military Appreciation Bowl Regional Combine Series in multiple states. News also details the launch of technology and services to support college basketball recruitment, including a first basketball combine in Salt Lake City, Utah.
Investors and observers can use the SGN news feed on Stock Titan to monitor these developments, from financing transactions and regulatory filings to event announcements and platform expansion updates, all of which provide context on how the company is executing its mission in sports recruiting.
Signing Day Sports (NYSE American: SGN) announced progress on a proposed business combination with One Blockchain and affiliate BlockchAIn under a holding company structure, with the combined company to operate One Blockchain’s Bitcoin mining and planned high‑performance AI computing activities.
Key facts: One Blockchain 2024 revenue $22.9M and net income $5.7M; existing 40 MW South Carolina facility (expansion to 50 MW possible) and a targeted modular 150 MW Texas facility for 2027. Closing expected late Q4 2025 or Q1 2026, subject to SEC S‑4 effectiveness, NYSE American listing approval, and shareholder approvals.
Signing Day Sports (NYSE American: SGN) reported its Q2 2025 financial results, highlighting improvements in its balance sheet despite ongoing losses. The company's total assets reached $1.4 million, exceeding total liabilities of $1.1 million. Cash and cash equivalents increased significantly to $657,000 from $181,000 at year-end 2024.
Revenue declined to $67,000 in Q2 2025 from $205,000 in Q2 2024, while net loss slightly increased to $1.4 million from $1.3 million year-over-year. The company achieved a 69.8% reduction in accounts payable compared to December 2024 and fully repaid its outstanding loans, demonstrating progress in strengthening its financial foundation.
Signing Day Sports (NYSE American: SGN) has announced a significant milestone in its planned business combination with One Blockchain LLC. The company has confidentially submitted a draft Form S-4 registration statement to the SEC, which includes a preliminary prospectus and proxy statement.
One Blockchain, a digital infrastructure developer focused on Bitcoin mining and high-performance computing, operates a 40 MW data center facility in South Carolina. In 2024, this facility generated $26.8 million in revenue and $5.7 million in net income.
The business combination, initially announced on May 28, 2025, is subject to various conditions, including Signing Day Sports stockholder approval and NYSE American listing approval for BlockchAIn Digital Infrastructure's common shares.
Signing Day Sports (NYSE: SGN) has signed a definitive agreement to acquire One Blockchain LLC, operating as BlockchAIn Digital Infrastructure (blockchAIn DI), in a business combination valued at approximately $215 million. BlockchAIn DI, a profitable data hosting company, generated $26.8 million in revenue and $5.7 million in net income in 2024.
The combined company will focus on crypto mining, AI, and high-performance computing data hosting markets. BlockchAIn DI currently operates a 40MW facility in South Carolina with 10MW expansion potential and plans to commission a new 150MW facility in Texas by late 2026. Post-merger, BlockchAIn DI shareholders will own approximately 91.5% of the combined company, while SGN shareholders will retain 8.5%.
The deal includes an earnout provision of additional shares if the company achieves EBITDA of $25 million in 2026. The transaction is expected to close in late 2025, subject to shareholder approval and NYSE American listing requirements.
Signing Day Sports (NYSE: SGN) provided an update on its 2025 Military Appreciation U.S. Army Bowl National Combine Series. The company has successfully hosted five combines across different cities, attracting nearly 1,000 high school football athletes. The combines have shown significant success in creating recruitment opportunities, as demonstrated by two highlighted athletes who secured multiple scholarship offers after participating.
The company hosts weekly X Spaces Recruiting Webinars through its 'Signing Day Sports Recruiting' series to showcase top performers and promote athletes invited to the December 2025 National Combine. Two success stories were highlighted: Amiri Acker from Atlanta combine secured offers from nine universities, and Cooper Crosby from Jackson combine received offers from four institutions.
Additional combines are scheduled in Dallas, Dayton, and Denver, as the company continues to expand its national footprint and enhance services through its digital platform.
Signing Day Sports (NYSE: SGN) has signed a non-binding letter of intent to acquire blockchAIn Digital Infrastructure in an all-equity transaction valued at approximately $215 million. blockchAIn DI, which generated unaudited revenue of $26.8 million and net income of $4.0 million in 2024, operates in crypto mining, AI, and HPC data hosting markets.
The company currently operates a 40 MW crypto mining facility in South Carolina with expansion capability to 50 MW, and is developing a new 150 MW facility in Texas for activation in late 2026. Post-merger, blockchAIn DI shareholders will own approximately 91.5% of the combined company, while SGN shareholders will retain 8.5%.
The LOI includes a 45-day exclusivity period ending April 11, 2025. The transaction completion is subject to due diligence, definitive agreements, regulatory approvals, and other closing conditions.
Signing Day Sports (NYSE: SGN) reported significant financial growth for the year ended December 31, 2024. The company, which develops an app platform for high school athlete recruitment, achieved 100% revenue growth, reaching $0.6 million compared to $0.3 million in 2023. Gross profit increased to $0.4 million from $0.3 million.
Key financial metrics include:
- Cost of revenues: $0.2 million (2024) vs $0.04 million (2023)
- Advertising expenses: $0.09 million (2024) vs $0.4 million (2023)
- General administrative expenses: $7.8 million (2024) vs $4.6 million (2023)
- Net loss: $8.7 million with $19.86 loss per share (2024) vs $5.5 million with $19.85 loss per share (2023)
The company maintains strategic partnerships, including collaboration with the U.S. Army Bowl, and plans to focus on technology advancement, customer growth, recruiting webinars, and expanding their coaches' contact list.
Signing Day Sports (NYSE American: SGN), a company focused on developing an app and platform for high school athlete recruitment, has announced that its audited consolidated financial statements for FY2024 received an audit opinion containing a going concern qualification from its independent registered public accounting firm.
The announcement, made on April 11, 2025, is in compliance with Sections 401(h) and 610(b) of the NYSE American Company Guide disclosure requirements. The Company clarified that this disclosure does not represent any changes or amendments to their fiscal year 2024 filings.
Signing Day Sports (NYSE: SGN) has announced the termination of its previously announced stock purchase agreement to acquire 99.13% of Dear Cashmere Group Holding Company (Swifty Global). The decision came after determining that certain material conditions for closing the transaction could not be satisfied within the foreseeable future.
The company is now refocusing its strategy on technology and customer growth opportunities while exploring potential merger and acquisition opportunities and additional financing options. Signing Day Sports plans to expand its services through recruiting webinars, enhanced app features like the coaches' contact list, and potential new strategic transactions.
CEO Daniel Nelson emphasized the company's commitment to achieving growth by prioritizing customer needs in the athletic recruiting industry. The company aims to expand its customer base and geographic reach while focusing on delivering long-term shareholder value through strategic approach, disciplined capital allocation, and consistent execution.
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