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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, Inc. Provides Response to Unusual Market Action
Globenewswire· 2026-01-20 21:15
Core Viewpoint - Signing Day Sports, Inc. has reported unusual trading activity in its common stock on January 20, 2026, and has not identified any material developments or reasons for this market action [1]. Company Overview - Signing Day Sports aims to assist student-athletes in achieving their goals of playing college sports through its app, which allows them to create recruitment profiles that include essential information for college coaches [2]. - The app features a platform for uploading a comprehensive dataset, including video-verified measurables (height, weight, 40-yard dash, wingspan, hand size), academic information (official transcripts, SAT/ACT scores), and technical skill videos [2].
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 Announces Closing of $5.6 Million Public Offering
Globenewswire· 2026-01-14 20:45
Core Viewpoint - Signing Day Sports, Inc. has successfully closed a public offering of 9,483,500 shares of common stock at a price of $0.5905 per share, along with warrants to purchase an additional 14,225,250 shares [1][3] Group 1: Offering Details - The warrants are initially exercisable at $0.7086 per share and can be exercised on a zero cash basis, subject to a floor price of $0.6760 per share until January 23, 2026 [2] - The gross proceeds from the offering, before deducting underwriting discounts and commissions, were approximately $5.6 million [3] - The offering was conducted under a registration statement that was declared effective by the SEC on January 13, 2026 [4] Group 2: 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 Provides Transaction Update on Proposed Business Combination with BlockchAIn Digital Infrastructure
Globenewswire· 2026-01-07 13:00
Core Viewpoint - Signing Day Sports is progressing towards a business combination with BlockchAIn Digital Infrastructure, anticipated to close in February or March 2026, subject to certain conditions [2][4]. Group 1: Transaction Details - Signing Day Sports entered into a Business Combination Agreement with BlockchAIn on May 27, 2025, with amendments on November 10, 2025, and December 21, 2025 [2]. - BlockchAIn filed a Registration Statement on Form S-4 with the SEC on December 1, 2025, which was amended on December 23, 2025 [2]. - The transaction will result in Signing Day Sports becoming a wholly owned subsidiary of BlockchAIn, providing access to scalable digital infrastructure for AI and data-intensive applications [3]. Group 2: Strategic Implications - The CEO of Signing Day Sports emphasized that the transaction is an opportunity to enhance the platform's capabilities and operational efficiency [4]. - The combination is expected to improve performance, expand flexibility, and support future innovation while maintaining the company's mission and brand [4]. - The company aims to continue scaling its operations and enhancing tools for student-athletes and coaches, positioning itself for sustainable long-term growth [4]. Group 3: Company Overview - Signing Day Sports' mission is to assist student-athletes in achieving their goals of playing college sports through its recruitment app, which includes video technology for evaluation by college coaches [5].
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].
Signing Day Sports Announces Technology and Services to Support College Basketball Recruitment
Globenewswire· 2025-10-09 13:00
Core Insights - Signing Day Sports, Inc. is expanding its platform to support college basketball recruitment for student-athletes and coaches [1][3] - The company hosted its first basketball combine in collaboration with former NBA player Thurl Bailey, emphasizing youth development and mentorship [2][4] - The initiative aims to provide basketball players with verified exposure and data-driven recruiting tools similar to those offered for football athletes [3][4] Company Overview - Signing Day Sports' mission is to assist student-athletes in achieving their goals of playing college sports through a comprehensive recruitment profile [5] - The app allows athletes to upload video-verified measurables, academic information, and technical skill videos, facilitating evaluation by college coaches [5] Future Plans - The company plans to roll out additional basketball combines and recruitment technology features in the coming months [4]