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Signing Day Sports Provides Announcement on 2024 Annual Report

1. SGN's financial statements had a going concern qualification. 2. This qualification raises potential doubts about SGN's financial viability. 3. The firm must adhere to NYSE guidelines on disclosure. 4. No changes to financial filings were noted. 5. SGN’s mission focuses on aiding high school athletes' recruitment.

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FAQ

Why Very Bearish?

The going concern qualification suggests SGN is struggling financially, which could lead to a lack of investor confidence and decreased stock price historically observed in similar cases.

How important is it?

The going concern qualification is a significant red flag that could deter investment and impact future operations.

Why Short Term?

Immediate concerns about financial stability will likely affect SGN's stock price in the near term as investors react to the news.

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SCOTTSDALE, Ariz., April 11, 2025 (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 to aid high school athletes in the recruitment process, today advises that its audited consolidated financial statements for the fiscal year ended December 31, 2024, included in the Company’s Annual Form on Form 10-K filed with the Securities and Exchange Commission on April 11, 2025, were accompanied by an audit opinion from its independent registered public accounting firm that contains a going concern emphasis or qualification. Release of this information is required by Sections 401(h) and 610(b) of the NYSE American LLC Company Guide. It does not represent any change or amendment to any of the Company’s filings for the fiscal year ended December 31, 2024. About Signing Day Sports Signing Day Sports’ mission is to help student-athletes achieve their goal of playing college sports. Signing Day Sports’ app allows student-athletes to build their Signing Day Sports recruitment profile, which includes information college coaches need to evaluate and verify them through video technology. For more information on Signing Day Sports, go to https://bit.ly/SigningDaySports. Investor Contacts:Crescendo Communications, LLC212-671-1020SGN@crescendo-ir.com

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