Signing Day Sports Stockholders Approve Previously Announced Business Combination with BlockchAIn Digital Infrastructure at Today’s Special Meeting of Stockholders
Rhea-AI Summary
Signing Day Sports (NYSE American: SGN) stockholders approved a business combination with BlockchAIn Digital Infrastructure, Inc. Closing is expected March 16, 2026, and BlockchAIn common stock is expected to begin trading on the NYSE American as AIB on March 17, 2026 at 9:30am EDT.
The new CUSIP will be 093919108. At closing, Signing Day Sports and BlockchAIn LLC are expected to become operating subsidiaries of BlockchAIn Inc.
Positive
- NYSE American listing scheduled for March 17, 2026 at 9:30am EDT
- Closing expected on March 16, 2026, advancing transaction timeline
- Combined operating structure with Signing Day Sports and BlockchAIn LLC as subsidiaries
Negative
- None.
Market Reaction – SGN
Following this news, SGN has declined 20.94%, reflecting a significant negative market reaction. Argus tracked a trough of -21.9% from its starting point during tracking. Our momentum scanner has triggered 38 alerts so far, indicating elevated trading interest and price volatility. The stock is currently trading at $0.55. This price movement has removed approximately $3M from the company's valuation.
Data tracked by StockTitan Argus (15 min delayed). Upgrade to Silver for real-time data.
Key Figures
Market Reality Check
Peers on Argus
SGN gained 22.28% while only one momentum peer (JTAI) was modestly higher at about 1.35%. Other related names like IDAI and FTFT showed declines of roughly 0.84% and 3.53%, indicating today’s move is stock-specific rather than a broad sector rotation.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Mar 11 | AI hardware collaboration | Positive | +12.6% | BlockchAIn collaboration with Supermicro to integrate AI data center hardware. |
| Mar 10 | Deal timing update | Positive | +18.3% | Announcement of anticipated closing date and AIB trading debut on NYSE American. |
| Mar 09 | AI strategy highlight | Positive | +16.3% | Details on BlockchAIn’s modular AI data center strategy and PDM collaboration. |
| Mar 06 | Special meeting call | Positive | -7.1% | Notice of special stockholder meeting to vote on Business Combination. |
| Feb 25 | AI initiative launch | Positive | +12.7% | Disclosure of BlockchAIn’s AI-focused plan using existing data center assets. |
Recent AI and business-combination updates have frequently coincided with double‑digit percentage gains, suggesting a pattern of strong reactions to BlockchAIn-related news, with one notable selloff on the special meeting announcement.
Over the past few weeks, SGN has issued a series of announcements tied to its Business Combination with BlockchAIn and the AI data center strategy. Updates on the deal timeline, modular AI data center plans, a collaboration with PDM, and a Supermicro hardware partnership all preceded today’s approval of the combination. Prior releases produced several double‑digit positive moves, while the March 13 special meeting notice saw a -7.14% reaction, highlighting generally constructive but occasionally volatile responses.
Regulatory & Risk Context
The company has an effective S-3 shelf registration dated 2025-08-29, allowing it to issue additional securities registered under that filing. The shelf has seen at least one usage via a 424B4 prospectus on 2026-01-14, indicating management has previously tapped this capital-raising flexibility.
Market Pulse Summary
The stock is dropping -20.9% following this news. A negative reaction despite today’s approval would contrast with prior BlockchAIn announcements that generally saw double‑digit gains, though the special meeting notice on Mar 6 did draw a -7.14% move. Such weakness could reflect market focus on dilution risk from the effective S-3 shelf or fatigue after a series of pre-closing AI and infrastructure updates. The stock’s position well below its 200-day MA and 52-week high underscores ongoing skepticism despite deal visibility.
Key Terms
business combination financial
cusip financial
registration statement on form s-4 regulatory
proxy statement/prospectus regulatory
current report on form 8-k regulatory
AI-generated analysis. Not financial advice.
Closing expected on March 16, 2026
BlockchAIn Inc. common stock is expected to begin trading on the NYSE American under the ticker symbol “AIB” on March 17, 2026, at 9:30am EDT
SCOTTSDALE, AZ, March 13, 2026 (GLOBE NEWSWIRE) -- Signing Day Sports, Inc. (“Signing Day Sports” or the “Company”) (NYSE American: SGN), today announced that its stockholders approved the previously announced proposed business combination (the “Business Combination”) with BlockchAIn Digital Infrastructure, Inc. (“BlockchAIn Inc.”), One Blockchain LLC (“BlockchAIn LLC,” and together with BlockchAIn Inc., “BlockchAIn”), and certain affiliates of BlockchAIn at the Company’s Special Meeting of Stockholders (the “Special Meeting”) held earlier today.
At the closing of the Business Combination (the “Closing”), which is expected to occur on March 16, 2026, Signing Day Sports and BlockchAIn LLC are expected to become operating subsidiaries of BlockchAIn Inc. On March 17, 2026, the common stock of BlockchAIn Inc. is expected to begin trading on the NYSE American under the ticker symbol “AIB” at 9:30am EDT. The new CUSIP number for BlockchAIn Inc.’s common stock will be 093919108.
Daniel Nelson, Chief Executive Officer of Signing Day Sports, stated, “Today’s vote represents an important step forward as we move toward completing this transaction and advancing the next phase of the Company’s strategic direction. We appreciate the strong support from our stockholders throughout this process and their confidence in the opportunity this business combination represents. We believe bringing together Signing Day Sports with BlockchAIn’s digital infrastructure platform creates a compelling foundation to pursue growth opportunities in AI and high-performance computing while continuing to focus on delivering long-term value for stakeholders.”
Jerry Tang, Chief Executive Officer of BlockchAIn, added, “We are pleased to have reached this stage of the transaction and appreciate the support shown by Signing Day Sports’ stockholders. As we move toward closing and our anticipated listing on the NYSE American, we remain focused on executing our strategy to develop scalable digital infrastructure designed to support the rapidly expanding demand for AI and advanced computing workloads. We believe the combined organization will be well positioned to leverage our operating platform and expansion roadmap as we enter the public markets.”
For further information about the proposed transaction, investors should review the Registration Statement on Form S-4, as amended, and the proxy statement/prospectus that were publicly filed by BlockchAIn Inc. with the U.S. Securities and Exchange Commission (the “SEC”) relating to this transaction. The final voting results from the Special Meeting will be made available in a Current Report on Form 8-K to be filed by the Company with the SEC today.
Advisors
Maxim Group LLC is serving as financial advisor to BlockchAIn in connection with the transaction. Bevilacqua PLLC is serving as legal counsel to Signing Day Sports, and Loeb & Loeb LLP is serving as legal counsel to BlockchAIn.
About One Blockchain LLC
BlockchAIn LLC is a developer and operator of digital infrastructure focused on HPC and AI hosting. BlockchAIn LLC has planned AI data center expansions with favorable economics for activation in 2026 and 2027. BlockchAIn LLC operations are currently centered around its existing 40 MW data center facility in South Carolina. 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 and include, but are not limited to, statements regarding the proposed business combination, the expected listing of BlockchAIn Inc’s common stock on NYSE American under the ticker symbol “AIB” and the anticipated benefits of the transaction. 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 and integrate their respective businesses into a combined publicly listed company post-merger, the parties’ ability to 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 on Form S-4 filed by BlockchAIn with the SEC on December 1, 2025, as amended on December 23, 2025, January 21, 2026, January 22, 2026, January 30, 2026, and February 17, 2026, which was declared effective by the SEC on January 30, 2026, and the proxy statement/prospectus that was filed by BlockchAIn Inc. with the SEC on February 17, 2026, 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.
FAQ
When will BlockchAIn Digital Infrastructure (AIB) begin trading on the NYSE American?
What closing date was announced for the Signing Day Sports and BlockchAIn business combination (AIB)?
What is the new CUSIP for BlockchAIn Inc. common stock (AIB)?
How did Signing Day Sports stockholders vote on the proposed business combination with BlockchAIn (AIB)?
What will happen to Signing Day Sports after the business combination closes (AIB)?
Where can investors find the registration and proxy filings for the BlockchAIn and Signing Day Sports transaction (AIB)?
