Signing Day Sports Signs Material Definitive Agreement
Ticker: SGN · Form: 8-K · Filed: Mar 11, 2024 · CIK: 1898474
| Field | Detail |
|---|---|
| Company | Signing Day Sports, Inc. (SGN) |
| Form Type | 8-K |
| Filed Date | Mar 11, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $75,000, $125, $175, $124.99 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, 8-k
TL;DR
SDS just signed a big deal, details to come.
AI Summary
On March 8, 2024, Signing Day Sports, Inc. entered into a material definitive agreement, the details of which are not fully disclosed in this initial filing. The company, incorporated in Delaware with its principal executive offices in Scottsdale, AZ, is reporting this event as a current report under the Securities Exchange Act of 1934.
Why It Matters
This filing indicates a significant new contract or partnership for Signing Day Sports, which could impact its future revenue and operations.
Risk Assessment
Risk Level: medium — The lack of specific details about the material definitive agreement introduces uncertainty about its terms and potential impact.
Key Players & Entities
- Signing Day Sports, Inc. (company) — Registrant
- March 8, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- Scottsdale, AZ (location) — Address of principal executive offices
- 8355 East Hartford Rd., Suite 100 (address) — Principal executive office address
FAQ
What is the nature of the material definitive agreement entered into by Signing Day Sports, Inc.?
The filing states that Signing Day Sports, Inc. entered into a material definitive agreement on March 8, 2024, but the specific details of this agreement are not provided in this initial report.
When was the material definitive agreement reported?
The earliest event reported, which is the entry into the material definitive agreement, occurred on March 8, 2024.
Where is Signing Day Sports, Inc. headquartered?
Signing Day Sports, Inc.'s principal executive offices are located at 8355 East Hartford Rd., Suite 100, Scottsdale, AZ 85255.
Under which section of the Securities Exchange Act of 1934 is this report filed?
This report is filed pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934.
What is the company's state of incorporation?
Signing Day Sports, Inc. is incorporated in Delaware.
Filing Stats: 775 words · 3 min read · ~3 pages · Grade level 13.1 · Accepted 2024-03-11 16:15:24
Key Financial Figures
- $0.0001 — nge on which registered Common Stock, $0.0001 par value per share SGN NYSE Americ
- $75,000 — 2) The payment by the Company to EDP of $75,000 on each of January 1, 2024, January 1,
- $125 — yers or their families was amended from $125 to $175, and each club's option to char
- $175 — their families was amended from $125 to $175, and each club's option to charge EDP R
- $124.99 — the Strategic Alliance Agreement) up to $124.99 will be in addition to such amended dis
- $125.00 — 4) The provision requiring EDP to remit $125.00 to the Company for each sale of a subsc
- $50.00 — vision requiring that the Company remit $50.00 to EDP for each sale of a subscription
Filing Documents
- ea0201553-8k_signingday.htm (8-K) — 27KB
- ea020155301ex10-1_signingday.htm (EX-10.1) — 23KB
- 0001213900-24-021408.txt ( ) — 227KB
- sgn-20240308.xsd (EX-101.SCH) — 3KB
- sgn-20240308_lab.xml (EX-101.LAB) — 33KB
- sgn-20240308_pre.xml (EX-101.PRE) — 22KB
- ea0201553-8k_signingday_htm.xml (XML) — 4KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. On March 8, 2024, Signing Day Sports, a Delaware corporation (the "Company"), entered into Amendment No. 1 to Strategic Alliance Agreement (the "Amendment to the Strategic Alliance Agreement") with SAJE Enterprises LLC (DBA Elite Development Program Soccer), a New Jersey limited liability company ("EDP"). Pursuant to the Amendment to the Strategic Alliance Agreement, effective March 8, 2024, the Strategic Alliance Agreement, dated as of October 20, 2023, between the Company and EDP (the "Strategic Alliance Agreement"), was amended as follows: (1) The date of the commencement of the initial term was amended from October 20, 2023 to March 1, 2024; (2) The payment by the Company to EDP of $75,000 on each of January 1, 2024, January 1, 2025, and January 1, 2026 to ensure that EDP has sufficient dedicated staff and resources to perform its obligations under the Strategic Alliance Agreement must instead be made on or before each of March 1, 2024, March 1, 2025, and March 1, 2026, respectively; (3) The discounted subscription fee for a one-year subscription license to the Company's platform that will be required to be presented by EDP for all of its clubs, teams, and coaches to be directly offered and presented to their individual age-appropriate players or their families was amended from $125 to $175, and each club's option to charge EDP Referrals (as defined in the Strategic Alliance Agreement) up to $124.99 will be in addition to such amended discounted fee; and (4) The provision requiring EDP to remit $125.00 to the Company for each sale of a subscription to the Company's platform to an EDP Referral during the prior month within seven days following each month end was deleted and replaced with a provision requiring that the Company remit $50.00 to EDP for each sale of a subscription to the Company's platform to an EDP Referral during the prior month within 90 days following each month end. The foregoing summary o
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: March 11, 2024 SIGNING DAY SPORTS, INC. /s/ Daniel D. Nelson Name: Daniel D. Nelson Title: Chief Executive Officer 2