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Investing.com -- Signing Day Sports Inc (NYSE:SGN) stock soared 150% following the company’s announcement of a confidential submission of a draft registration statement on Form S-4 with the Securities and Exchange Commission.
The filing was submitted by BlockchAIn Digital Infrastructure, Inc., a newly created Delaware corporation, in connection with a previously announced business combination agreement. Signing Day Sports, which develops an app and platform for high school athletes and college coaches to improve the recruiting process, had entered into the agreement with BlockchAIn on May 28, 2025.
The business combination involves One Blockchain LLC, a developer and operator of digital infrastructure focused on Bitcoin mining and high-performance computing, along with certain other parties. The transaction’s completion remains subject to several conditions, including approval from Signing Day Sports stockholders and listing approval of BlockchAIn’s registered common shares by the NYSE American.
The company’s shares have responded dramatically to this development, with investors apparently viewing the potential merger with the blockchain-focused company as a positive strategic move.
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