SCOTTSDALE, AZ, Jan. 20, 2026 (GLOBE NEWSWIRE) -- Signing Day Sports, Inc. (“Signing Day Sports” or the “Company”) (NYSE American: SGN), today announced that the Company had become aware of unusual trading activity in its common stock on the NYSE American LLC on January 20, 2026. The Company is issuing this press release pursuant to Section 401(d) of the NYSE American LLC Company Guide. The Company has made inquiries and has been unable to determine whether corrective actions are appropriate at this time. T ...

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]

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]

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]

Progress of Transaction ; Closing Anticipated in February or March 2026SCOTTSDALE, AZ, Jan. 07, 2026 (GLOBE NEWSWIRE) -- Signing Day Sports, Inc. (“Signing Day Sports” or the “Company”) (NYSE American: SGN), the developer of the Signing Day Sports app and platform dedicated to improving the recruiting process for high school athletes and college coaches, today provided an update on its previously announced proposed business combination with BlockchAIn Digital Infrastructure, Inc. (“BlockchAIn Inc.”) and its ...

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].

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]

Core Insights - Signing Day Sports, Inc. is entering a Business Combination Agreement with One Blockchain LLC, which will result in both companies becoming subsidiaries of BlockchAIn Digital Infrastructure, Inc. [2][4] - The combined entity will continue One Blockchain's operations, which include a 40 MW Bitcoin mining facility in South Carolina and plans for a 150 MW facility in Texas by 2027 [2][6] - One Blockchain reported approximately $22.9 million in revenue and $5.7 million in net income for 2024 [2][6] Company Overview - Signing Day Sports aims to assist high school athletes in the recruitment process through its app, which allows athletes to create recruitment profiles with video-verified metrics and academic information [5] - One Blockchain focuses on developing and operating digital infrastructure for Bitcoin mining and high-performance computing [6] Business Combination Details - The closing of the business combination is anticipated in late Q4 2025 or early Q1 2026, contingent upon various conditions including SEC approval and stockholder consent [4] - A registration statement on Form S-4 has been submitted to the SEC, with revisions made in response to SEC comments [3]

Core Viewpoint - Signing Day Sports, Inc. has made significant progress in strengthening its financial position, with a focus on reducing liabilities and improving cash reserves, despite a consistent net loss year-over-year [3][4]. Financial Performance - As of June 30, 2025, total assets were approximately $1.4 million, exceeding total liabilities of approximately $1.1 million [2]. - Accounts payable decreased by 69.8% compared to December 31, 2024, and the company has fully repaid its outstanding loans [2]. - Cash and cash equivalents increased to approximately $657 thousand from approximately $181 thousand at December 31, 2024 [2]. - Revenue for the quarter ended June 30, 2025, was approximately $67 thousand, down from approximately $205 thousand in the same period of 2024, attributed to a decrease in event fee payments [4]. - Cost of revenues was approximately $5 thousand for the quarter, a decrease from approximately $62 thousand in the prior-year period, mainly due to reduced development labor costs [4]. - General and administrative expenses rose to approximately $1.6 million for the quarter, compared to approximately $1.3 million in the second quarter of 2024, driven by increased non-legal professional fees and salaries [5]. - The net loss for the quarter was $1.4 million, slightly higher than the net loss of approximately $1.3 million for the same period in 2024 [5]. Business Strategy - The company's primary goal for 2025 was to strengthen its financial foundation by reducing accounts payable and preserving cash, which has been successfully achieved [3]. - Streamlined operations and disciplined cost management are central to the company's strategy as it aims to improve long-term financial performance [3]. Company Overview - Signing Day Sports, Inc. focuses on aiding high school athletes in the recruitment process through its app, which allows athletes to create recruitment profiles with essential information for college coaches [7].

Company Overview - Signing Day Sports, Inc. is focused on enhancing the recruiting process for high school athletes and college coaches through its app and platform [1][3] - The company has entered into a Business Combination Agreement with BlockchAIn Digital Infrastructure, Inc. and One Blockchain LLC, which specializes in digital infrastructure for Bitcoin mining and high-performance computing [2] Financial Performance - One Blockchain's data center in South Carolina generated approximately $26.8 million in revenue and about $5.7 million in net income in 2024 [4] Business Combination Details - The proposed business combination is subject to conditions including stockholder approval and NYSE American listing approval for BlockchAIn's registered common shares [2] - A draft registration statement on Form S-4 has been submitted to the SEC for the business combination [1][5] Future Steps - BlockchAIn plans to file relevant materials with the SEC, including a proxy statement and prospectus for the registration of shares [5] - Investors are encouraged to read the forthcoming proxy statement/prospectus for important information regarding the business combination [5]