Signing Day Sports Files 8-K: Material Agreement, Equity Sales

TL;DR

SDS signed a material deal and sold some stock, more details to come.

AI Summary

On October 15, 2024, Signing Day Sports, Inc. entered into a material definitive agreement, the details of which are not fully disclosed in this filing. The company also reported on unregistered sales of equity securities and filed financial statements and exhibits. The filing was made on October 16, 2024.

Why It Matters

This filing indicates significant corporate activity, including a new material agreement and equity transactions, which could impact the company's financial standing and future operations.

Risk Assessment

Risk Level: medium — The filing mentions a material definitive agreement and unregistered sales of equity securities, which can introduce financial and operational risks if not managed properly.

Key Numbers

• 001-41863 — SEC File Number (Identifies the company's filing with the SEC.)
• 87-2792157 — IRS Employer Identification No. (Company's tax identification number.)

Key Players & Entities

• Signing Day Sports, Inc. (company) — Registrant
• October 15, 2024 (date) — Date of earliest event reported
• October 16, 2024 (date) — Filing date
• 8355 East Hartford Rd., Suite 100, Scottsdale, AZ 85255 (address) — Principal executive offices
• 480-220-6814 (phone_number) — Registrant's telephone number

FAQ

Key Financial Figures

• $0.0001 — ch registered Common Stock, par value $0.0001 per share SGN NYSE American LLC I
• $0.30 — he current applicable exercise price of $0.30 per share to $0.25 per share (the "Redu
• $0.25 — le exercise price of $0.30 per share to $0.25 per share (the "Reduced Exercise Price"

Filing Documents

• ea0217773-8k_signing.htm (8-K) — 30KB
• ea021777301ex10-1_signing.htm (EX-10.1) — 15KB
• 0001213900-24-088170.txt ( ) — 222KB
• sgn-20241015.xsd (EX-101.SCH) — 3KB
• sgn-20241015_lab.xml (EX-101.LAB) — 33KB
• sgn-20241015_pre.xml (EX-101.PRE) — 22KB
• ea0217773-8k_signing_htm.xml (XML) — 4KB

01 Entry into a Material

Item 1.01 Entry into a Material Definitive Agreement. As previously reported in a Current Report on Form 8-K filed with the Securities and Exchange Commission (the "SEC") by Signing Day Sports, Inc., a Delaware corporation (the "Company"), on May 17, 2024, as amended on May 21, 2024, under a Securities Purchase Agreement, dated as of May 16, 2024, between the Company and FirstFire Global Opportunities Fund, LLC, a Delaware limited liability company ("FirstFire"), the Company issued FirstFire a Common Stock Purchase Warrant, dated May 16, 2024 (the "May 2024 FirstFire Warrant"), which may be exercised to purchase of up to 1,375,000 shares of the Company's common stock, par value $0.0001 per share ("common stock"), the SEC by the Company on June 20, 2024, under a Securities Purchase Agreement, dated as of June 18, 2024, between the Company and FirstFire, the Company issued a Common Stock Purchase Warrant, dated June 18, 2024, which may be exercised to purchase of up to 662,036 shares of common stock (together with the May 2024 FirstFire Warrant, the "FirstFire Warrants"). As previously reported in a Current Report on Form 8-K filed with the SEC by the Company on September 27, 2024, the Company delivered a letter (the "First Reduced Exercise Price Offer") to FirstFire containing an offer to voluntarily temporarily reduce the exercise price under the FirstFire Warrants from the current applicable exercise price of $0.30 per share to $0.25 per share (the "Reduced Exercise Price"). On the same date, FirstFire accepted and executed the First Reduced Exercise Price Offer. The First Reduced Exercise Price Offer expired on October 14, 2024, without exercise of the FirstFire Warrants. On October 15, 2024, the Company delivered a letter (the "Second Reduced Exercise Price Offer") to FirstFire containing a new offer to voluntarily temporari

02 Unregistered Sales of Equity Securities

Item 3.02 Unregistered Sales of Equity Securities. The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated by reference herein. The offer of securities to FirstFire pursuant to the Second Reduced Exercise Price Offer and sale of restricted common stock pursuant to the exercise of the FirstFire Warrants in accordance with the terms of the Second Reduced Exercise Price Offer is being conducted as a private placement pursuant to and in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933, as amended, and/or Rule 506(b) of Regulation D promulgated thereunder for transactions not involving a public offering. Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Offer of Voluntary Temporary Reduction of Warrants Exercise Price, dated as of October 15, 2024, of Signing Day Sports, Inc. to FirstFire Global Opportunities Fund, LLC 104 Cover Page Interactive Data File (embedded with the Inline XBRL document). 1

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: October 16, 2024 Signing Day Sports, Inc. /s/ Daniel Nelson Name: Daniel Nelson Title: Chief Executive Officer 2

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View this 8-K filing on SEC EDGAR