Signing Day Sports (SGN) COO exits SGN stake in BlockchAIn combination
Rhea-AI Filing Summary
Signing Day Sports, Inc. Chief Operating Officer and Secretary Craig Steven Smith reported disposing of his remaining equity in the company in connection with a Business Combination Agreement that closed on March 16, 2026.
Smith returned 28,775 shares of Common Stock and a stock option for 1,042 underlying shares to the issuer in issuer dispositions at a reported price of $0.00 per share, leaving 0 shares of each security reported as held afterward. Under the agreement, he received 0.09334 BlockchAIn Digital Infrastructure, Inc. common shares for every Signing Day share he held, valued at $4.60 per BlockchAIn share, and his option became fully vested and was converted into an option to buy 98 BlockchAIn shares at an exercise price of $1,285.62 per share.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Stock Option (right to buy) | 1,042 | $0.00 | -- |
| Disposition | Common Stock | 28,775 | $0.00 | -- |
Footnotes (1)
- Pursuant to the Business Combination Agreement, dated as of May 27, 2025, by and among Signing Day Sports, Inc., a Delaware corporation (the "Registrant"), One Blockchain LLC, a Delaware limited liability company, BlockchAIn Digital Infrastructure, Inc., a Delaware corporation ("BlockchAIn"), BCDI Merger Sub I Inc., a Delaware corporation, and BCDI Merger Sub II LLC, a Delaware limited liability company, as amended (the "Business Combination Agreement"), on the date of the closing (the "Closing") of the transactions contemplated by the Business Combination Agreement, or March 16, 2026 (the "Closing Date"), the reporting person received 0.09334 common shares of BlockchAIn for every share of common stock of the Registrant held by the reporting person, subject to rounding adjustments, having a market value of $4.60 per share based on the first reported sale price of the common stock of BlockchAIn on the NYSE American LLC after the Closing, which was reported on March 17, 2026. Pursuant to the terms of the Business Combination Agreement, on the Closing Date, the reporting person's option, which provided for vesting as to 261 shares on November 16, 2024 and as to 1/36 of the remaining unvested shares in each of the following 36 months, immediately became fully vested, was assumed by BlockchAIn, and was automatically converted into an option to purchase 98 common shares of BlockchAIn exercisable for $1,285.62 per share.