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Signing Day Sports, Inc. (NYSE American: SGN) is a leading technology company dedicated to revolutionizing the college sports recruitment process for high school athletes. The company's flagship platform, Signing Day Sports, is a comprehensive digital ecosystem designed to help student-athletes get discovered and recruited by coaches and recruiters nationwide.
Through the Signing Day Sports app, high school athletes can create robust recruitment profiles that include video-verified measurables (such as height, weight, and 40-yard dash times), academic information (like transcripts and SAT/ACT scores), and technical skill videos. This extensive data set is essential for college coaches to evaluate and verify the athletes' capabilities, making the recruitment process more efficient and transparent.
The company has achieved significant milestones, including record participation at the 2023 U.S. Army Bowl Week, where 1,000 new athletes signed up for the app. It also announced a schedule of 21 events for the 2024 U.S. Army Bowl National Combine Series, which will expose over 4,000 student-athletes to its platform. These events are crucial in providing recruitment exposure and promoting the app to new users.
Financially, Signing Day Sports has reported a 334% year-over-year revenue increase for Q1 2024, reflecting its expanding influence and growing subscriber base. The company has also diversified its revenue streams by launching a new line of dietary supplements and branded apparel, catering to the holistic needs of student-athletes.
The company's mission is to help student-athletes achieve their dream of playing college sports. With plans to expand its platform to support additional sports, Signing Day Sports continues to innovate and grow, offering unparalleled support and opportunities for aspiring college athletes.
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Signing Day Sports, Inc. (SGN) achieved record results at the 2023 U.S. Army Bowl Week, with almost 1,000 participants at the National Combine and 14 athletes selected for the 2024 U.S. Army Bowl game. The event saw a significant increase in attendance and positive social media coverage, with over 1,000 new student-athletes signing up for the Signing Day Sports app. The success of the event has invigorated the company, reflecting the impact and resonance of their platform with parents and student-athletes.
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Signing Day Sports, Inc. (SGN) has entered into a Common Stock Purchase Agreement with Tumim Stone Capital LLC, providing the Company with the right to sell common stock over a 24-month term. The Company believes this transaction provides flexibility and capability to support future growth initiatives. The successful IPO resulted in gross proceeds of $6 million and net proceeds of approximately $4.8 million. The Company plans to use the net proceeds from any sales of common stock for working capital and general corporate purposes.
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Signing Day Sports, Inc. (SGN) recently provided a letter to stockholders highlighting significant milestones, including the recent IPO that secured $6.0 million in gross proceeds and approximately $4.8 million in net proceeds. The company aims to use the proceeds to enhance and expand its robust platform, focusing on direct digital marketing to broaden student-athlete engagement and streamline the addition of new athlete profiles to the app. The company also announced a collaboration with the U.S. Army Bowl National Combine and high school all-star game, showcasing the app's athlete recruitment capabilities. Additionally, Kevin Grogan was appointed as Senior Soccer Advisor, adding considerable depth and expertise to the team and demonstrating the company's commitment to achieving excellence in collegiate sports recruitment.
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Signing Day Sports, Inc. (NYSE American: SGN) collaborates with Elite Development Program (EDP Soccer) to provide exclusive recruiting platform for more than 150,000 athletes across 1,050 clubs, participating in over 7,700 league teams and 5,500 tournament teams. The collaboration offers unique features for player profiles, expanded exposure opportunities, and educational empowerment, aiming to resonate across the soccer industry and provide extensive platform for athletes to showcase their talents.
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Signing Day Sports, Inc. (NYSE American: SGN) announced new AI initiatives to enhance its platform for high school athletes in the recruitment process. The initiatives aim to streamline the application process, verify user metrics, better place student-athletes, and accelerate customer acquisition, onboarding, and retention. The AI technology will aggregate and analyze massive data sets to evaluate player skills more efficiently and effectively. It will also track and analyze athlete movements and body orientation to help students and coaches make highly informed decisions. Upcoming AI features include lead scraping AI technology, AI matchmaking for student-athletes, integration of existing AI video-capturing hardware, use of AI technology to confirm and enhance visual biometrics of uploaded videos, standards assessed by AI, and integration of AI chatbots for personalized support.
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Signing Day Sports, Inc. (NYSE American: SGN) appoints former professional soccer player Kevin Grogan as Senior Soccer Advisor to enhance the company's soccer recruitment functionality. Grogan's extensive experience in coaching, consulting, and business development, as well as his vast network within the soccer world, will play a pivotal role in establishing Signing Day Sports as a leader in collegiate sports recruitment.
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Signing Day Sports, Inc. (NYSE American: SGN) announced the appointment of Richard Symington as its President and Chief Technology Officer. Mr. Symington, an experienced technology business executive, will lead the company's technology initiatives and digital marketing plans to drive user acquisition and revenue growth.
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Signing Day Sports, Inc. (SGN) is focused on advancing its mission of educating and recruiting high school athletes in various sports through its innovative technology platform app. The company's IPO proceeds will be used for digital marketing, student-athlete awareness, and the onboarding of new profiles. With a commitment to promoting student-athlete education and development, the company aims to capitalize on the growth of NIL in college athletics. Despite a stock decline, the company maintains strong relationships with stockholders, strategic partners, and student-athletes, while also addressing the decline through an investigation into potential illegal short selling.
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Signing Day Sports, Inc. (SGN) announced the closing of its initial public offering of 1,200,000 shares of common stock at a public offering price of $5.00 per share, resulting in gross proceeds of $6,000,000. After deducting underwriting discounts, commissions, and offering expenses, the Company received net proceeds of approximately $4.8 million. The underwriters were granted a 45-day option to purchase up to an additional 180,000 shares of common stock. The Company's common stock began trading on the NYSE American exchange on November 14, 2023, under the symbol 'SGN'. Boustead Securities, LLC acted as the sole underwriter for the offering.
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Signing Day Sports, Inc. (SGN) Announces Pricing of Initial Public Offering at $5.00 per Share, Expected to Raise $4.8 Million for Technology Development and Expansion
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FAQ
What is the current stock price of Signing Day Sports (SGN)?
The current stock price of Signing Day Sports (SGN) is $1.94 as of January 28, 2025.
What is the market cap of Signing Day Sports (SGN)?
The market cap of Signing Day Sports (SGN) is approximately 1.5M.
What is Signing Day Sports, Inc.?
Signing Day Sports, Inc. is a technology company that operates the Signing Day Sports platform, which helps high school athletes get discovered and recruited by college coaches.
What does the Signing Day Sports app do?
The Signing Day Sports app allows student-athletes to create recruitment profiles with video-verified performance data, academic information, and skill videos, making it easier for college coaches to evaluate them.
Which sports does the Signing Day Sports platform currently support?
The platform currently supports football and baseball, with plans to expand to include additional sports.
How has Signing Day Sports performed financially?
Signing Day Sports reported a 334% year-over-year revenue increase for the first quarter of 2024, driven by a growing subscriber base and strategic business initiatives.
What recent achievements has Signing Day Sports announced?
Recent achievements include record participation at the 2023 U.S. Army Bowl Week and the launch of a new line of dietary supplements and branded apparel.
How can student-athletes benefit from the Signing Day Sports app?
The app provides tools for creating comprehensive recruitment profiles, access to recruitment events, and opportunities for direct interaction with college coaches.
What new products has Signing Day Sports introduced?
Signing Day Sports has introduced a line of dietary supplements, including creatine powder, whey protein powder, and energy chews, as well as branded apparel products.
What is the significance of the U.S. Army Bowl National Combine Series for Signing Day Sports?
The National Combine Series is important for providing recruitment exposure to over 4,000 student-athletes and promoting the Signing Day Sports app to new users.
What is the mission of Signing Day Sports?
The mission of Signing Day Sports is to help student-athletes achieve their goal of playing college sports by providing a platform that streamlines the recruitment process.
How does Signing Day Sports plan to grow in the future?
Signing Day Sports plans to expand its platform to support additional sports, continue its strategic partnerships, and introduce new products to support student-athlete performance and wellbeing.
Signing Day Sports, Inc.
NYSE:SGN
SGN Rankings
SGN Stock Data
1.45M
637.33k
36.13%
19.88%
0.26%
Software - Application
Services-computer Processing & Data Preparation
United States of America
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