Welcome to our dedicated page for SIGNING DAY SPORTS news (Ticker: SGN), a resource for investors and traders seeking the latest updates and insights on SIGNING DAY SPORTS stock.
Signing Day Sports Inc (SGN) operates a pioneering sports technology platform that transforms student-athlete recruitment through video-verified profiles and event partnerships. This page serves as the definitive source for official company announcements, financial updates, and strategic developments.
Investors and stakeholders will find timely updates on earnings reports, platform enhancements, and partnership expansions. Media professionals gain access to verified press releases about SGN's hybrid revenue model and its role in modernizing athletic recruitment through digital innovation.
The news collection covers product launches, combine event collaborations, and operational milestones. All content is curated to provide actionable insights while maintaining compliance with financial disclosure standards.
Bookmark this page for streamlined access to SGN's evolving role in sports technology. Regularly updated content ensures you stay informed about critical developments affecting the athlete recruitment ecosystem.
Signing Day Sports (NYSE: SGN) provided an update on its 2025 Military Appreciation U.S. Army Bowl National Combine Series. The company has successfully hosted five combines across different cities, attracting nearly 1,000 high school football athletes. The combines have shown significant success in creating recruitment opportunities, as demonstrated by two highlighted athletes who secured multiple scholarship offers after participating.
The company hosts weekly X Spaces Recruiting Webinars through its 'Signing Day Sports Recruiting' series to showcase top performers and promote athletes invited to the December 2025 National Combine. Two success stories were highlighted: Amiri Acker from Atlanta combine secured offers from nine universities, and Cooper Crosby from Jackson combine received offers from four institutions.
Additional combines are scheduled in Dallas, Dayton, and Denver, as the company continues to expand its national footprint and enhance services through its digital platform.
Signing Day Sports (NYSE: SGN) has signed a non-binding letter of intent to acquire blockchAIn Digital Infrastructure in an all-equity transaction valued at approximately $215 million. blockchAIn DI, which generated unaudited revenue of $26.8 million and net income of $4.0 million in 2024, operates in crypto mining, AI, and HPC data hosting markets.
The company currently operates a 40 MW crypto mining facility in South Carolina with expansion capability to 50 MW, and is developing a new 150 MW facility in Texas for activation in late 2026. Post-merger, blockchAIn DI shareholders will own approximately 91.5% of the combined company, while SGN shareholders will retain 8.5%.
The LOI includes a 45-day exclusivity period ending April 11, 2025. The transaction completion is subject to due diligence, definitive agreements, regulatory approvals, and other closing conditions.
Signing Day Sports (NYSE: SGN) reported significant financial growth for the year ended December 31, 2024. The company, which develops an app platform for high school athlete recruitment, achieved 100% revenue growth, reaching $0.6 million compared to $0.3 million in 2023. Gross profit increased to $0.4 million from $0.3 million.
Key financial metrics include:
- Cost of revenues: $0.2 million (2024) vs $0.04 million (2023)
- Advertising expenses: $0.09 million (2024) vs $0.4 million (2023)
- General administrative expenses: $7.8 million (2024) vs $4.6 million (2023)
- Net loss: $8.7 million with $19.86 loss per share (2024) vs $5.5 million with $19.85 loss per share (2023)
The company maintains strategic partnerships, including collaboration with the U.S. Army Bowl, and plans to focus on technology advancement, customer growth, recruiting webinars, and expanding their coaches' contact list.
Signing Day Sports (NYSE American: SGN), a company focused on developing an app and platform for high school athlete recruitment, has announced that its audited consolidated financial statements for FY2024 received an audit opinion containing a going concern qualification from its independent registered public accounting firm.
The announcement, made on April 11, 2025, is in compliance with Sections 401(h) and 610(b) of the NYSE American Company Guide disclosure requirements. The Company clarified that this disclosure does not represent any changes or amendments to their fiscal year 2024 filings.
Signing Day Sports (NYSE: SGN) has announced the termination of its previously announced stock purchase agreement to acquire 99.13% of Dear Cashmere Group Holding Company (Swifty Global). The decision came after determining that certain material conditions for closing the transaction could not be satisfied within the foreseeable future.
The company is now refocusing its strategy on technology and customer growth opportunities while exploring potential merger and acquisition opportunities and additional financing options. Signing Day Sports plans to expand its services through recruiting webinars, enhanced app features like the coaches' contact list, and potential new strategic transactions.
CEO Daniel Nelson emphasized the company's commitment to achieving growth by prioritizing customer needs in the athletic recruiting industry. The company aims to expand its customer base and geographic reach while focusing on delivering long-term shareholder value through strategic approach, disciplined capital allocation, and consistent execution.
Signing Day Sports (NYSE: SGN) has filed audited financial statements for Swifty Global's fiscal years 2023-2022 and unaudited statements for Q1-Q3 2024-2023, along with pro forma financials related to its planned acquisition of 99.13% of Swifty Global.
Swifty Global's performance shows net gaming revenues of $8.7M in 2023 (up from $2.4M in 2022) and net income of $2.4M (up from $0.4M). For the first nine months of 2024, revenue was $5.1M with net income of $0.6M.
The pro forma combined financials for 2023 show total net revenues of $9.0M with a net loss of $3.0M. For the first nine months of 2024, combined revenues were $5.6M with a net loss of $4.8M, primarily due to operating expenses of $9.4M against a gross profit of $5.5M.
Signing Day Sports (NYSE American: SGN) has extended its rights as 'National Recruiting Partner' to the U.S. Army Bowl through 2026. The new Sponsorship Agreement allows SGN to manage National and Regional Combines while promoting its app and services with revenue-sharing opportunities.
The collaboration has already brought over 8,000 new football users to SGN's SaaS platform. In 2024, nearly 3,000 student-athletes participated in Regional Combines, with projections exceeding 4,000 in 2025. The company will receive a $60 stipend per athlete attending the National Combine and $135 of any academy fee, plus commissions for academy sales.
Participants receive video-verified combine data in their Signing Day Sports app, which allows direct communication with coaches nationwide through an updated coaches search tab after a free trial period.
Signing Day Sports (NYSE: SGN) has signed a Stock Purchase Agreement to acquire 99.13% of Dear Cashmere Group (Swifty Global), a profitable online sports and casino technologies company. Swifty Global reported $128 million in revenue and $2.44 million in net profit for FY2023.
The deal structure involves SGN issuing shares representing 19.99% of its outstanding common stock at closing, with additional shares in convertible preferred stock. Post-transaction, legacy SGN shareholders will retain approximately 8.24%, while Swifty Global stockholders will receive about 91.76%. James Gibbons will become SGN's CEO and join its board.
Both companies aim to raise $2 million in financing, split equally. The transaction requires Nasdaq approval and stockholder consent. The merger is expected to leverage Swifty Global's SaaS technology to reduce costs by over 50% and accelerate product development, while expanding into European, African, and Middle Eastern markets.
Signing Day Sports (NYSE: SGN) has announced its schedule as National Recruiting Partner for the 2025 U.S. Army Bowl Regional Combine Series. The series will feature 14 events from February through May 2025, expecting to attract over 3,500 student-athletes across major football states including Georgia, Florida, Texas, California, Ohio, and Alabama.
Each event is anticipated to host at least 250 athletes, who will receive access to the Signing Day Sports app and platform, designed to support their recruiting journey. The series has shown significant growth, expanding from 600 participants in 2023 to an expected 3,500 in 2025. The combines serve as a qualification step for athletes seeking selection for the 2025 U.S. Army Bowl National High School All-American game.
Signing Day Sports (NYSE American: SGN) announces the upcoming 3rd Annual US Army Bowl National Combine, scheduled for December 18-21, 2024, at The Star, the Dallas Cowboys Practice Facility in Frisco, Texas. The event, expected to be the largest combine-style event in the country, will feature prospects from nearly every state. All participants will receive a one-month free trial of the Signing Day Sports app to enhance their visibility to college recruiters. The event generates revenue through registration fees and exclusive apparel sales, while strengthening the company's brand presence.
