Signing Day Sports stock soars after SEC filing for merger deal

Published 11/07/2025, 14:12
© Reuters.

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.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.