Signing Day Sports Provides Update on Business Combination with BlockchAIn
Rhea-AI Summary
Signing Day Sports (NYSE American: SGN) provided an update on its pending business combination with BlockchAIn, a U.S. digital infrastructure platform targeting AI, HPC, and data‑intensive workloads. BlockchAIn reported ~$22.9 million revenue and ~$5.7 million net income for 2024 and operates a 40 MW data center with planned expansion to 50 MW. Management says infrastructure can scale up to ~200 MW over time (up to 5x), subject to customary approvals and execution. The transaction is expected to close in February or March 2026, pending shareholder and NYSE American listing approvals.
Positive
- BlockchAIn 2024 revenue of $22.9M
- BlockchAIn 2024 net income of $5.7M
- Infrastructure roadmap supports up to 200 MW capacity (≈5x current)
- Planned expansion to 50 MW at existing South Carolina facility
Negative
- Business combination closing is subject to shareholder and NYSE American listing approval
- Planned capacity growth to ~200 MW is contingent on customary approvals, agreements, and execution
- Current operating footprint is 40 MW, limiting near-term scale until expansions are completed
News Market Reaction
On the day this news was published, SGN gained 61.00%, reflecting a significant positive market reaction. Argus tracked a peak move of +67.2% during that session. Argus tracked a trough of -34.0% from its starting point during tracking. Our momentum scanner triggered 36 alerts that day, indicating elevated trading interest and price volatility. This price movement added approximately $1M to the company's valuation, bringing the market cap to $4M at that time. Trading volume was exceptionally heavy at 40.6x the daily average, suggesting very strong buying interest.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
SGN fell 25.33% while key peers were mixed: ELWS up 9.46%, IDAI down 2.99%, FTFT down 5.9%, MASK down 6.3%, SOPA down 4.82%. Momentum scanner only flagged JTAI, up 4.15% with no news, underscoring that SGN’s move appears stock-specific rather than a broad sector rotation.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jan 14 | Equity offering | Negative | -17.6% | Dilutive $5.6M offering with warrants pressured shares further. |
| Jan 13 | Equity offering | Negative | -54.3% | Pricing of $5.6M stock-and-warrant deal signaled dilution and funding stress. |
| Jan 08 | Brand/event news | Positive | +7.2% | Successful national combine event and new regional series announcement. |
| Jan 07 | Deal update | Positive | -10.0% | Confirmed S-4 progress and Q1 2026 targeted close for BlockchAIn deal. |
| Dec 05 | AI deal letter | Positive | -4.8% | Shareholder letter detailing AI/HPC infrastructure opportunity and deal economics. |
Recent history shows selling pressure on financings and frequent weakness even on positive BlockchAIn/AI updates, with only the December 2025 combine event drawing a positive reaction.
Over the last months, SGN has centered its strategy on a business combination with BlockchAIn’s AI/HPC infrastructure platform. Updates on the S-4 filing and expected Q1 2026 closing have twice been followed by single‑day declines of 10.02% and 4.76%. A shareholder letter detailed that current holders may own about 8.5% of the combined company. Meanwhile, two January 2026 offerings totaling roughly $5.6M each triggered sharp drops of 54.26% and 17.62%. Against this backdrop, today’s combination update arrives as the stock trades near its 52‑week low.
Regulatory & Risk Context
SGN has an effective Form S-3 shelf dated Aug 29, 2025, registering up to 1,297,322 shares. The prospectus models gross proceeds at offering prices of $1.25, $1.54, $1.75 and $2.00, with estimated proceeds ranging from about $1.62M to $2.59M. The shelf has been used at least once, with a related 424B4 filed on Jan 14, 2026, signaling ongoing capacity for additional registered issuance.
Market Pulse Summary
The stock surged +61.0% in the session following this news. A strong positive reaction aligns with the article’s focus on BlockchAIn’s $22.9M 2024 revenue, $5.7M net income, and scalable AI-ready infrastructure growing from 40 MW toward a potential 200 MW. Historically, SGN has sometimes sold off on positive BlockchAIn updates and financings, so a sustained move would have contrasted with prior patterns. Investors would still have needed to weigh ongoing dilution capacity from the effective S-3 shelf and recent offerings when assessing durability.
Key Terms
business combination financial
high-performance computing technical
registration statement on form s-4 regulatory
machine learning technical
data center technical
AI-generated analysis. Not financial advice.
Proposed Combined Company Will be a Cash-Generating, AI-Focused Digital
Infrastructure Platform
AI-Ready Data Centers, Low-Cost Power and Strategic U.S. Locations
Anchor Long-Term Operating Strategy
BlockchAIn 2024 Revenue of ~
Infrastructure Expansion Expected to Support Up to 5x Increase in Data Center Capacity Over Time
Business Combination Anticipated to Close in February or March 2026
SCOTTSDALE, AZ, Jan. 20, 2026 (GLOBE NEWSWIRE) -- Signing Day Sports, Inc. (“Signing Day Sports” or the “Company”) (NYSE American: SGN), today announced its continued focus on progressing toward completion of its previously announced business combination with BlockchAIn Digital Infrastructure, Inc. (“BlockchAIn Inc.”), One Blockchain LLC (“BlockchAIn LLC”), and certain affiliates (collectively, “BlockchAIn”), a U.S.-based digital infrastructure platform purpose-built to support artificial intelligence (“AI”), high-performance computing (“HPC”), and data-intensive workloads.
Upon completion of the transaction, the combined company is expected to operate as an AI-focused, power-advantaged digital infrastructure platform, anchored by operating data center assets, demonstrated operating cash flow, and a scalable infrastructure footprint located in business-friendly U.S. jurisdictions.
AI-Ready Data Centers with Operating Scale and Expansion Optionality
Building on its existing operating footprint, BlockchAIn’s infrastructure roadmap reflects a scalable, modular data center platform designed to support AI, machine learning, and HPC workloads, with significant expansion potential over time:
- 40 megawatt (MW) operating data center facility in South Carolina, with planned expansion capacity to 50 MW;
- Infrastructure expansion expected to support an up to five-fold increase in total data center capacity over time, scaling from the current 40 MW footprint to up to approximately 200 MW, subject to customary approvals, agreements, and execution;
- Modular, AI-ready infrastructure architecture designed for high-density compute requirements across AI, machine learning, and HPC workloads; and
- AI and HPC data hosting facilities strategy focused on securing low-cost, reliable power, with an increasing emphasis on sustainable and carbon-neutral sources, with minimal consumption requirements.
Low-Cost Power in Strategic, Business-Friendly U.S. Markets
A core differentiator of the BlockchAIn platform is its access to low-cost, reliable power in U.S. states that support digital infrastructure development through favorable regulatory, energy, and business environments. Coupled with the ability to modularly scale projects, BlockchAIn’s platform is ideally positioned to monetize transformational growth within the AI market.
As AI workloads become increasingly power-intensive, management believes power economics, reliability, and location will remain critical factors in the deployment of next-generation computing infrastructure.
Established Operating Platform with Demonstrated Cash Flow Generation
In 2024, BlockchAIn LLC generated approximately
Management believes these results demonstrate the durability and operating discipline of the platform as demand for AI and HPC infrastructure continues to expand.
Transformational Transaction with a Clear Operating Focus
Following completion of the business combination, Signing Day Sports is expected to become a wholly owned subsidiary of the combined company, while BlockchAIn’s digital infrastructure platform is expected to serve as the primary operating foundation going forward.
The Company believes that BlockchAIn’s public listing will enable and accelerate future growth, enhance its currency for future acquisitions, and improve access to capital markets. This will support the Company’s platform, which is primed for growth through a scalable business model facilitated by existing cash flow, potential leverage, and current development projects.
Jerry Tang, Chief Executive Officer of BlockchAIn, noted, “As we continue to work toward the merger with Signing Day Sports, we are eagerly waiting to enter the public markets to leverage the rapid growth that is occurring in the AI market, specifically infrastructure. AI infrastructure success depends on execution, power access, and operational discipline. Our platform operates in power-advantaged U.S. markets, has generated very strong operating cash flow, and is designed to support high-density computing workloads. We are encouraged by the strong customer interest we are seeing across AI and HPC infrastructure and are confident in the long-term opportunity ahead as our data center capacity is positioned to scale over time. We believe these fundamentals differentiate our infrastructure platform as demand for AI and HPC continues to grow.”
“This proposed transaction represents a fundamental evolution for Signing Day Sports,” added Daniel Nelson, Chief Executive Officer of Signing Day Sports. “We are confident that we will be combining with a platform that generates real revenue, produces operating cash flow, and owns critical digital infrastructure designed for the next wave of AI-driven demand. These are operating assets located in power-advantaged U.S. markets, built with discipline and execution in mind. We believe these fundamentals will position the combined company to pursue its strategy responsibly and create long-term value for shareholders.”
Positioned to Support Long-Term AI Infrastructure Demand
The Company believes the proposed business combination positions the combined platform to support long-term demand for AI-driven computing infrastructure, leveraging operating data centers, disciplined operations, and a scalable development roadmap across strategic U.S. markets.
As previously disclosed, Signing Day Sports entered into a Business Combination Agreement with BlockchAIn and certain affiliates of BlockchAIn on May 27, 2025, as amended on November 10, 2025 and December 21, 2025. The transaction has progressed with the public filing by BlockchAIn Inc. of a Registration Statement on Form S-4 with the U.S. Securities and Exchange Commission (the “SEC”) on December 1, 2025, as amended on December 23, 2025 (as amended from time to time, the “Registration Statement”). The Company is planning for the closing of the transaction to take place in February or March 2026, subject to certain closing conditions, including shareholder approval and NYSE American listing approval.
About One Blockchain LLC
BlockchAIn LLC is a developer and operator of digital infrastructure focused on HPC and AI hosting. BlockchAIn LLC has a planned 150 MW HPC, AI and crypto data center campus in Texas with favorable economics with 34.5kV of interconnectivity to the grid for activation in 2027. BlockchAIn LLC’s operations are centered around its existing 40 MW data center facility in South Carolina, which is one of the largest single mining sites in the state. In 2024, this facility generated approximately
About Signing Day Sports, Inc.
Signing Day Sports' mission is to help student-athletes achieve their goal of playing college sports. Signing Day Sports' app allows student-athletes to build their Signing Day Sports' recruitment profile, which includes information college coaches need to evaluate and verify them through video technology. The Signing Day Sports app includes a platform to upload a comprehensive data set including video-verified measurables (such as height, weight, 40-yard dash, wingspan, and hand size), academic information (such as official transcripts and SAT/ACT scores), and technical skill videos (such as drills and mechanics that exemplify player mechanics, coordination, and development). For more information on Signing Day Sports, go to https://bit.ly/SigningDaySports.
Investor Contacts:
Crescendo Communications, LLC
212-671-1020
SGN@crescendo-ir.com
Forward-Looking Statements
This press release contains "forward-looking statements" that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as "may," "could," "will," "should," "would," "expect," "plan," "intend," "anticipate," "believe," "estimate," "predict," "potential," "project" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties, and other factors, including without limitation, the parties’ ability to complete the transaction, the parties’ ability to integrate their respective businesses into a combined publicly listed company post-merger, the ability of the parties to obtain all necessary consents and approvals in connection with the transaction, obtain stock exchange clearance of a listing application in connection with the transaction, the parties’ ability to obtain their respective equity securityholders’ approval, and obtain sufficient funding to maintain operations and develop additional services and offerings, market acceptance of the parties’ current products and services and planned offerings, competition from existing or new offerings that may emerge, impacts from strategic changes to the parties’ business on net sales, revenues, income from continuing operations, or other results of operations, the parties’ ability to attract new users and customers, the parties’ ability to retain or obtain intellectual property rights, the parties’ ability to adequately support future growth, the parties’ ability to comply with user data privacy laws and other current or anticipated legal requirements, and the parties’ ability to attract and retain key personnel to manage their business effectively. These risks, uncertainties and other factors are described more fully in the section titled “Risk Factors” of the Registration Statement and are expected to be further described in a proxy statement/prospectus to be publicly filed with the SEC relating to this transaction. See also the section titled “Risk Factors” in the Company’s periodic reports which are filed with the SEC. These risks, uncertainties and other factors are, in some cases, beyond the parties’ control and could materially affect results. If one or more of these risks, uncertainties or other factors become applicable, or if these underlying assumptions prove to be incorrect, actual events or results may vary significantly from those implied or projected by the forward-looking statements. No forward-looking statement is a guarantee of future performance. All subsequent written and oral forward-looking statements concerning Signing Day Sports, BlockchAIn, or any of their affiliates, or other matters and attributable to Signing Day Sports, BlockchAIn, any of their affiliates, or any person acting on their behalf are expressly qualified in their entirety by the cautionary statements above. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law.
Additional Information and Where to Find It
In connection with the proposed business combination, BlockchAIn Inc. has filed the Registration Statement with the SEC, which includes a preliminary proxy statement of Signing Day Sports and a prospectus relating to the registration of shares of BlockchAIn Inc. The Registration Statement has not yet been declared effective by the SEC. Following, and subject to, the Registration Statement being declared effective, the definitive proxy statement/prospectus will be mailed or otherwise disseminated to the shareholders of Signing Day Sports.
BEFORE MAKING ANY VOTING DECISION, INVESTORS AND SECURITY HOLDERS OF SIGNING DAY SPORTS ARE URGED TO READ THE REGISTRATION STATEMENT, THE PROXY STATEMENT/PROSPECTUS, AND ALL OTHER RELEVANT DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE, because they will contain important information about Signing Day Sports, BlockchAIn, the proposed business combination, and related matters.
The proxy statement/prospectus and other relevant documents (when available), as well as any other filings made by BlockchAIn Inc. or Signing Day Sports with the SEC, may be obtained free of charge at the SEC’s website at www.sec.gov. In addition, investors and security holders may obtain free copies of filings made with the SEC by Signing Day Sports by directing a written request to:
Signing Day Sports, Inc.
8355 East Hartford Rd., Suite 100
Scottsdale, AZ 85255
Investors and security holders are urged to read the proxy statement/prospectus and all other materials filed with the SEC when they become available before making any voting or investment decision regarding the proposed business combination.
Participants in the Solicitation
Signing Day Sports, and its directors, executive officers and certain other members of management and employees may, under SEC rules, be deemed to be participants in the solicitation of proxies from the shareholders of Signing Day Sports with respect to the proposed business combination and related matters. Information about the directors and executive officers of Signing Day Sports, including their ownership of shares of Signing Day Sports common stock, is included in Signing Day Sports’ Annual Report on Form 10-K for the year ended December 31, 2024, which was filed with the SEC on April 11, 2025. Additional information regarding the persons or entities who may be deemed participants in the solicitation of proxies from Signing Day Sports shareholders, including a description of their interests in the proposed business combination by security holdings or otherwise, will be included in the proxy statement/prospectus and other relevant documents to be publicly filed with the SEC when they become available. The directors, managers and officers of BlockchAIn do not currently hold any interests, by security holdings or otherwise, in Signing Day Sports.
No Offer or Solicitation
This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of any securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such other jurisdiction. No offering of securities in connection with the proposed business combination shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or pursuant to an exemption from, or in a transaction not subject to, such registration requirements.
FAQ
What are the 2024 financial results for BlockchAIn disclosed in the Signing Day Sports (SGN) update?
When is the Signing Day Sports (SGN) and BlockchAIn business combination expected to close?
How much data center capacity does BlockchAIn currently operate and what is the expansion plan?
What risks could delay or prevent the SGN/BlockchAIn merger closing in early 2026?
How does BlockchAIn position itself to serve AI and HPC workloads according to the SGN update?
