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Signing Day Sports Announces BlockchAIn’s AI-Focused Initiative for Next Generation Power-Advantaged Digital Infrastructure Platform
Globenewswire· 2026-02-25 13:30
Core Insights - Signing Day Sports, Inc. is advancing its proposed business combination with One Blockchain LLC and its affiliates, focusing on leveraging digital infrastructure for AI and high-performance computing [1][6] Group 1: Business Strategy - BlockchAIn LLC aims to utilize its existing data center assets to support AI and HPC applications, enhancing asset utilization and aligning capacity with the growing demand for these workloads [2][5] - The company operates a data center in South Carolina with a capacity of approximately 40 megawatts, which provides a strong foundation for AI and HPC use cases [3][7] Group 2: Financial Performance - For the year ended 2024, BlockchAIn LLC reported revenue of approximately $22.9 million and net income of approximately $5.7 million, indicating a cash-flowing operational base for future expansion [4][7] Group 3: Market Demand - Global demand for AI is accelerating, with power availability being a primary bottleneck to new capacity, suggesting a significant opportunity for BlockchAIn LLC in the AI and HPC market [2][5] Group 4: Future Plans - BlockchAIn LLC has planned expansions for AI data centers with favorable economics set for activation in 2026 and 2027, aiming to become a leader in scalable sustainable power and data infrastructure for AI hosting [7]
Signing Day Sports Announces Effectiveness of Form S-4 Registration Statement and March 13, 2026 Special Stockholder Meeting to Approve Business Combination with BlockchAIn
Globenewswire· 2026-02-17 13:30
Core Viewpoint - Signing Day Sports is moving forward with a business combination with BlockchAIn Digital Infrastructure, Inc., which has been declared effective by the SEC, allowing BlockchAIn Inc. to trade on NYSE American under the ticker symbol "AIB" following the completion of the transaction [1][4]. Company Overview - Signing Day Sports aims to assist student-athletes in achieving their college sports goals through a recruitment platform that includes video technology and comprehensive data sets [6]. - BlockchAIn LLC focuses on developing and operating digital infrastructure for high-performance computing (HPC) and AI hosting, with plans for AI data center expansions in 2026 and 2027 [5]. Financial Performance - BlockchAIn LLC's existing 40 MW data center facility in South Carolina generated approximately $22.9 million in revenue and approximately $5.7 million in net income in 2024 [5]. Business Combination Details - The business combination agreement between Signing Day Sports and BlockchAIn was initially entered into on May 27, 2025, and has undergone amendments [4]. - A special meeting for stockholders to vote on the business combination is scheduled for March 13, 2026, with relevant materials to be distributed around February 18, 2026 [2][3].
Signing Day Sports Announces Eyal Rozen Named as Chief Operating Officer of BlockchAIn
Globenewswire· 2026-02-12 13:45
Core Insights - Signing Day Sports, Inc. has appointed Eyal Rozen as Chief Operating Officer of One Blockchain LLC, effective January 2026, to enhance operational execution and business development initiatives as the company prepares for a business combination with BlockchAIn Inc. [1][3] Company Overview - Signing Day Sports is focused on helping student-athletes achieve their goals of playing college sports through a recruitment app that allows athletes to build profiles with video-verified measurables and academic information [8] - BlockchAIn LLC is a developer and operator of digital infrastructure, concentrating on high-performance computing (HPC) and artificial intelligence (AI) hosting, with plans for data center expansions in 2026 and 2027 [6] Business Combination Details - Signing Day Sports entered into a Business Combination Agreement with BlockchAIn Digital Infrastructure, Inc. on May 27, 2025, with the transaction expected to close in March 2026, pending shareholder and NYSE American listing approvals [2][10] - Upon closing, Eyal Rozen will serve as Chief Operating Officer of BlockchAIn Inc., leading operational execution and supporting the strategy to scale HPC and AI infrastructure [3][5] Financial Performance - BlockchAIn LLC's existing 40 MW data center facility in South Carolina generated approximately $22.9 million in revenue and $5.7 million in net income in 2024 [6]
Signing Day Sports Provides Update on Business Combination with BlockchAIn
Globenewswire· 2026-01-20 13:00
Core Insights - The proposed business combination between Signing Day Sports and BlockchAIn aims to create a cash-generating, AI-focused digital infrastructure platform that will support high-performance computing and data-intensive workloads [1][2] Business Overview - The combined company will operate as an AI-focused digital infrastructure platform with a scalable infrastructure footprint in business-friendly U.S. jurisdictions [2] - BlockchAIn LLC generated approximately $22.9 million in revenue and approximately $5.7 million in net income in 2024, showcasing the strength of its operating platform [5][13] Infrastructure and Expansion - BlockchAIn's infrastructure roadmap includes a modular data center platform designed to support AI, machine learning, and HPC workloads, with plans to expand data center capacity from 40 megawatts (MW) to approximately 200 MW over time [7][11] - The company has access to low-cost, reliable power in strategic U.S. markets, which is critical for the deployment of next-generation computing infrastructure [3][4] Strategic Focus - The business combination is expected to enhance the combined company's growth potential, improve access to capital markets, and provide a scalable business model supported by existing cash flow [9][10] - Management emphasizes the importance of power economics, reliability, and location in the success of AI infrastructure [4][10] Future Outlook - The transaction is anticipated to close in February or March 2026, subject to shareholder approval and regulatory conditions [12] - The combined platform is positioned to support long-term demand for AI-driven computing infrastructure, leveraging disciplined operations and a scalable development roadmap [11]
Signing Day Sports Announces Closing of $5.6 Million Public Offering
Globenewswire· 2026-01-15 18:50
Core Viewpoint - Signing Day Sports, Inc. has successfully closed a public offering of 9,483,500 shares of common stock, along with warrants to purchase an additional 14,225,250 shares, at a price of $0.5905 per share [1] Group 1: Offering Details - The warrants are initially exercisable at a price of $0.7086 per share, with a zero cash exercise option available until January 23, 2026, subject to a floor price of $0.6760 per share [2] - Gross proceeds from the offering, before deducting underwriting discounts and commissions, were approximately $5.6 million [3] - The offering was managed by Maxim Group LLC as the sole book-running manager [3] Group 2: Regulatory Information - A registration statement on Form S-1 was filed with the U.S. Securities and Exchange Commission (SEC) and declared effective on January 13, 2026 [4] - A final prospectus related to the offering has been filed with the SEC and is available on their website [4] Group 3: Company Overview - Signing Day Sports aims to assist student-athletes in the recruitment process for college sports through its app, which allows users to create recruitment profiles with video-verified measurables and academic information [6]
Signing Day Sports(SGN) - Prospectus(update)
2026-01-12 14:21
As filed with the Securities and Exchange Commission on January 12, 2026. Registration No. 333-292569 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 AMENDMENT NO. 1 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Signing Day Sports, Inc. (Exact name of registrant as specified in its charter) Delaware 7389 87-2792157 (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identificati ...
Signing Day Sports(SGN) - Prospectus
2026-01-05 11:13
As filed with the Securities and Exchange Commission on January 5, 2026. Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Signing Day Sports, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) Delaware 7389 87-2792157 (I.R.S. Employer Identification Number) 8355 East Hartf ...
Signing Day Sports Shareholder Letter Details AI/HPC Infrastructure Opportunity with BlockchAIn Digital Infrastructure
Globenewswire· 2025-12-05 11:50
Core Viewpoint - Signing Day Sports is advancing a business combination with BlockchAIn Digital Infrastructure, which is expected to create significant long-term value for shareholders [2][6][15] Business Combination Details - The business combination agreement was initially signed on May 27, 2025, and amended on November 10, 2025 [2] - Upon closing, Signing Day Sports shareholders will receive approximately 8.5% of the combined company's common stock, valued at about $20 million, while BlockchAIn LLC's securityholders will receive approximately 91.5%, valued at around $215 million [3] - An earnout of 11.628% of total shares will be available to BlockchAIn LLC's securityholders if BlockchAIn Inc. achieves an EBITDA of $25 million for the fiscal year ending December 31, 2026 [3] Transaction Timeline - The transaction is anticipated to close in the first quarter of 2026, pending shareholder approval and NYSE American listing approval [5] Valuation Insights - The Signing Day Sports Board received two fairness opinions, with the latest indicating an enterprise value range for BlockchAIn of $515.3 million to $776.7 million, with a midpoint of $646 million [7] - The initial fairness opinion estimated an enterprise value range of $280 million to $378.7 million, with a midpoint of $329.3 million [8] Strategic Benefits - The combination is expected to enhance Signing Day Sports' platform features and create new revenue streams through third-party data hosting services in sports technology and education markets [14] - Signing Day Sports will remain a wholly owned subsidiary, preserving its mission and brand while benefiting from the combined entity's infrastructure and cash flow [14] Market Positioning - BlockchAIn aims to expand its portfolio of high-density compute assets for AI applications, bitcoin mining, and high-performance computing [11] - The digital infrastructure market is rapidly evolving, with increasing demand for energy-efficient processing power, positioning BlockchAIn to capitalize on various compute-intensive applications [12] Infrastructure Assets - Key assets include a 40 MW data center in South Carolina and a planned 150 MW data center campus in Texas, which will support both crypto mining and AI/HPC activities [13][18] - The Texas facility is designed for modular construction, providing flexibility for different revenue mixes [13]
Signing Day Sports Announces Filing of Registration Statement on Form S-4 for Proposed Business Combination with One Blockchain LLC
Globenewswire· 2025-12-01 11:50
Core Viewpoint - Signing Day Sports, Inc. is progressing towards a business combination with BlockchAIn Digital Infrastructure, Inc. and One Blockchain LLC, aiming to enhance its recruitment platform for high school athletes and college coaches through this strategic alignment [1][2]. Company Overview - Signing Day Sports is focused on improving the recruiting process for student-athletes, providing a platform that allows them to create recruitment profiles with necessary information for college coaches [3]. - One Blockchain LLC specializes in digital infrastructure, particularly in Bitcoin mining and high-performance computing, operating a significant data center in South Carolina that generated approximately $22.9 million in revenue and $5.7 million in net income in 2024 [4]. Business Combination Details - The Registration Statement on Form S-4 has been filed with the SEC, detailing the proposed business combination and the listing of BlockchAIn common shares on NYSE American under the ticker symbol "AIB" [1][2]. - The business combination agreement was initially entered into on May 27, 2025, and amended on November 10, 2025, marking a significant milestone for both companies [2]. Strategic Benefits - The combined entity is expected to leverage Signing Day Sports' technology-driven recruitment platform alongside One Blockchain's digital infrastructure, enhancing financial flexibility and technical capabilities [2]. - This merger is anticipated to accelerate innovation, expand market opportunities, and strengthen the competitive position of the combined company, ultimately creating long-term value for shareholders [2].
Signing Day Sports Announces Selected Financial Results for Quarter Ended September 30, 2025, and Provides Business Update
Globenewswire· 2025-11-12 21:30
Core Insights - Signing Day Sports, Inc. reported selected financial results for the quarter ended September 30, 2025, highlighting a focus on improving operational efficiency and reducing expenses despite lower revenues compared to the previous year [1][4]. Financial Highlights - Total assets as of September 30, 2025, were approximately $1.0 million, with accounts payable decreasing by 64.9% from December 31, 2024 [3]. - Cash and cash equivalents increased to approximately $216 thousand, up from approximately $181 thousand at the end of 2024 [3]. - Revenue for the quarter totaled approximately $31 thousand, down from $55 thousand in Q3 2024, attributed to lower event fee payments [8]. - Cost of revenues was approximately $9 thousand, a decrease from $30 thousand in the prior-year period, mainly due to reduced product and apparel-related costs [8]. - General and administrative expenses were approximately $887 thousand, down 39% from $1.46 million in Q3 2024, resulting from lower legal fees, stock-based compensation, insurance, and travel expenses [8]. - Net loss for the quarter was approximately $566 thousand, significantly reduced from approximately $1.6 million in the prior year, due to lower costs [8]. Business Update - The CEO expressed confidence in the proposed business combination with One Blockchain LLC, viewing it as a transformational opportunity to enhance the company's technology-driven sports recruitment platform [4]. - The successful launch of basketball recruitment in Q3 and the upcoming national football combine in Q4 are expected to drive growth and innovation [4].