new york, November 13, 2023 /PRNewswire/ — Signing Day Sports, Inc. (NYSE American: SGN) (“company“), developer of Signing Day Sports app and platform services for high school athletes in the college recruiting process, today announced the pricing of its initial public offering (“).Recruitment“) issued 1,200,000 shares of common stock at the public offering price. $5.00 Total public offering capital increase per share 6 million dollars. The stock is expected to begin trading on the NYSE American LLC stock exchange. November 14, 2023under the symbol “SGN”.
This offering is scheduled to end on November 16, 2023, subject to the satisfaction of customary termination conditions.Net proceeds to the Company, less underwriting discounts, commissions and other offering expenses, will be approximately $4.8 million. The Company intends to use the net proceeds from the stock offering for the development and commercialization of its technology platform, sales team expansion and marketing efforts, working capital and general corporate purposes.
Additionally, the Company has granted the underwriters a 45-day option to purchase up to an additional 180,000 shares at the offering price, less underwriting discounts and commissions.
boosted securities, The LLC serves as the sole bookkeeper of the Offering.
Bevilacqua PLLC is acting as U.S. legal advisor to the Company and Anthony LG, PLLC is acting as legal advisor to Boustead Securities, LLC in connection with the offering.
This offering is being made pursuant to the Company’s registration statement on Form S-1 (File No. 333-271951) previously filed and subsequently declared effective in December 2019. November 13, 2023, by the U.S. Securities and Exchange Commission (“SEC”). This offering will be made only by means of a prospectus. Before investing, you should read the prospectus and other documents that the company has filed or will file with the SEC for more information about the company and its offering. These documents are available free of charge by visiting EDGAR on the SEC website (www.sec.gov). Alternatively, electronic copies of the prospectus relating to the offering may be obtained from Boustead Securities, LLC, 6 Venture, Suite 395; Irvine, California 92618, Phone: +1-949-502-4408, or Email: [email protected].
About the contract with Day Sports:
Signing Day Sports’ app allows student-athletes to create a recruiting profile with Signing Day Sports. It contains the information college coaches need to evaluate and verify through video technology. The Signing Day Sports app includes video-verified measurable data (height, weight, 40-yard dash, wingspan, hand size, etc.) and academic information (official transcripts, SAT/ACT scores, etc.) Includes a platform to upload comprehensive datasets including: ), and technical skills videos (such as matchday and training videos).
Forward-looking statements
This press release contains forward-looking statements that involve significant risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release include forward-looking statements that “may,” “could,” “will,” “should,” “will,” “expected,” ” It may be identified by the use of words such as “plans” or “intends.” “‘expect,’ ‘believe,’ ‘estimate,’ ‘anticipate,’ ‘may,’ ‘anticipate,’ ‘continue,’ or the negative of these terms, or any other equivalent term.” term. These statements are predictions only. Forward-looking statements involve known and unknown risks, uncertainties and risks, including our ability to obtain additional financing to develop additional services and products, market acceptance of our products, and competition. You should not place undue reliance on forward-looking statements because of other factors, including but not limited to; the effects of existing or potential new online services and strategic changes to our business on our net sales, revenues, earnings from continuing operations or other results of operations; , our ability to attract new users and customers, increase usage rates, reduce subscription renewals and reduce user attrition rates, our ability and the ability of third parties to protect our intellectual property rights, and adequately support our future growth. our ability to comply with user data privacy laws and other current or anticipated legal requirements, our ability to attract and retain key personnel to effectively manage our business, and otherwise; The risks and uncertainties of are described in more detail in the section titled “Risk Factors” in the final prospectus relating to the initial public offering to be filed with the SEC. Other reports have since been filed with the SEC. These risks and uncertainties are, in some cases, beyond our control and could materially affect our results. If one or more of these risks or uncertainties materialize, or if our underlying assumptions prove incorrect, actual events or results may differ from those implied or predicted by the forward-looking statements. It could be very different from what you had. Forward-looking statements are not guarantees of future performance. The forward-looking statements contained in this announcement are made as of the date hereof, and we undertake no obligation to update such information except as required by applicable law.
SOURCE Sign Day Sports