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Signing Day Sports Announces Closing of $5.6 Million Public Offering

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SCOTTSDALE, AZ, Jan. 15, 2026 (GLOBE NEWSWIRE) -- Signing Day Sports, Inc. (“Signing Day Sports” or ...

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AI Summary

SGN closed a public offering of 9.5 million shares and warrants. Gross proceeds were approximately $5.6 million before expenses. Warrants include a zero cash exercise option until January 23, 2026. The move aims to bolster resources for assisting student-athlete recruitment. Company focuses on enhancing athletes' visibility to college coaches.

Sentiment Rationale

The public offering raises capital for expansion, improving SGN’s financial position. Historically, similar offerings led to price recovery in comparable firms due to resource enhancement.

Trading Thesis

Investments from this offering may deliver immediate returns, impacting short-term growth. Rapid integration of funds can lead to quicker service enhancements and improved user engagement.

Market-Moving

  • SGN closed a public offering of 9.5 million shares and warrants.
  • Gross proceeds were approximately $5.6 million before expenses.
  • Warrants include a zero cash exercise option until January 23, 2026.

Key Facts

  • SGN closed a public offering of 9.5 million shares and warrants.
  • Gross proceeds were approximately $5.6 million before expenses.
  • Warrants include a zero cash exercise option until January 23, 2026.
  • The move aims to bolster resources for assisting student-athlete recruitment.
  • Company focuses on enhancing athletes' visibility to college coaches.

Companies Mentioned

  • APPF (APPF)
  • PLTR (PLTR)
  • STNE (STNE)

Corporate Developments

The public offering increases liquidity, potentially appealing to investors. Enhanced recruitment capabilities align with SGN’s core mission, boosting investor confidence.

Signing Day Sports Closes $5.6 Million Public Offering

SCOTTSDALE, AZ, Jan. 15, 2026 (GLOBE NEWSWIRE) -- Signing Day Sports, Inc. (NYSE American: SGN), a developer of an app and platform designed to assist high school athletes in their recruitment journey, has successfully closed its public offering. The offering included 9,483,500 shares of common stock and accompanying warrants to purchase an additional 14,225,250 shares of common stock at a public offering price of $0.5905 per share.

Warrant Details and Financial Insights

The warrants issued during this offering are initially exercisable at a price of $0.7086 per share. They can also be executed on a zero-cash basis, subject to specific formulas and limitations, with a minimum exercise price of $0.6760 per share. This exercise option is valid until January 23, 2026. The warrants will expire based on several criteria, including full exercise or five years from the initial exercise date.

Gross proceeds from this offering are approximately $5.6 million before accounting for underwriting discounts and commissions, as well as other associated offering expenses. Maxim Group LLC served as the sole book-running manager for the transaction.

Regulatory Filings and Availability

A registration statement pertaining to this offering was filed with the U.S. Securities and Exchange Commission (SEC) and was declared effective on January 13, 2026. The final prospectus for this offering is accessible on the SEC’s website at www.sec.gov. Interested parties can also obtain electronic copies of this prospectus from Maxim Group LLC at their New York location, or by contacting them directly.

Signing Day Sports: Empowering Student-Athletes

Signing Day Sports aims to support student-athletes in their pursuit of college sports aspirations. The Signing Day Sports app enables athletes to build a comprehensive recruitment profile. This profile includes critical information such as video-verified measurables (height, weight, sprint times), academic achievements (transcripts and standardized test scores), and skill demonstration videos.

For more information about Signing Day Sports, their platform, and offerings, visit Signing Day Sports.

Cautionary Note on Forward-Looking Statements

This press release may contain "forward-looking statements," which involve risks and uncertainties. These statements, characterized by terms like "may," "expect," and "believe," should not be relied upon excessively, as actual results could significantly differ due to various factors.

For further inquiries, stakeholders can contact Crescendo Communications, LLC at 212-671-1020 or via email at SGN@crescendo-ir.com.

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