Signing Day Sports Secures $5.6 Million in Capital Ahead of Anticipated Merger

2026-01-16 companies

Scottsdale, Thursday, 15 January 2026.
Securing $5.6 million in fresh capital, the recruitment platform strengthens its balance sheet while rescheduling its pivotal blockchain infrastructure merger for completion in early 2026.

Public Offering Injects $5.6 Million

On January 14, 2026, Signing Day Sports officially closed its public offering, raising approximately $5.6 million in gross proceeds [3][6]. The transaction, managed by Maxim Group LLC, involved the sale of 9,483,500 shares of common stock at a price of $0.5905 per share [3][4]. Included in the offering were warrants to purchase up to 14,225,250 additional shares, which are initially exercisable at $0.7086 per share [3]. These warrants carry a specific provision allowing for cashless exercise until January 23, 2026, subject to a floor price of $0.6760, providing a short-term liquidity mechanism for investors [4][6].

Strategic Allocation of Capital

Following the deduction of underwriting discounts and offering expenses, the company secured net proceeds of approximately $4.9 million [5]. Data indicates a strategic division of these funds: roughly $3.48 million is allocated to Signing Day Sports’ own working capital, while $1.47 million is directed toward expenses and working capital for One Blockchain, the affiliate associated with its upcoming merger [5]. This capital infusion arrives at a crucial juncture, as the company prepares to transition from a standalone sports recruitment platform into a subsidiary of a digital infrastructure entity [2].

Merger Timeline Extended to Q1 2026

In a concurrent update provided on January 15, 2026, Signing Day Sports addressed the status of its business combination with BlockchAIn Digital Infrastructure, a deal originally struck in May 2025 [2]. While the company continues to work toward finalizing the transaction, the anticipated closing window has been adjusted to February or March 2026 [2]. The completion of this merger remains contingent upon several factors, including shareholder approval and the company’s ability to maintain its listing on the NYSE American exchange [2]. Under the terms of the agreement, Signing Day Sports is set to become a wholly-owned subsidiary of BlockchAIn Digital Infrastructure [2].

Q2 2025 Financials: Revenue Decline and Balance Sheet Adjustments

Alongside the merger update, the company issued selected financial results for the quarter ended June 30, 2025—data that had been previously delayed [1]. The report highlights a significant contraction in top-line performance, with revenue falling to approximately $67,000 for the quarter, a change of -67.317% compared to the $205,000 recorded in the same period of 2024 [1]. The net loss for the quarter widened slightly to $1.4 million, compared to $1.3 million in the prior year [1]. Despite the operational losses, the retrospective report emphasizes an effort to stabilize the company’s financial standing prior to the merger. As of June 30, 2025, Signing Day Sports reported total assets of $1.4 million against total liabilities of $1.1 million, achieving a positive asset-to-liability ratio [1]. Cash and cash equivalents also saw a significant boost during that period, rising 262.983% from $181,000 in December 2024 to approximately $657,000 by June 2025 [1].

Sources

Financial Reporting Mergers and Acquisitions