Signing Day Sports Files 8-K with Material Agreement

TL;DR

SDSN filed an 8-K on Jan 29, 2025, for a material agreement. Details TBD.

AI Summary

On January 29, 2025, Signing Day Sports, Inc. entered into a material definitive agreement. The company also reported on unregistered sales of equity securities and filed financial statements and exhibits. Specific details regarding the agreement and sales were not provided in this initial filing.

Why It Matters

This filing indicates a significant event for Signing Day Sports, Inc., potentially involving new partnerships, financing, or strategic changes that could impact its business operations and stock value.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement, which could represent significant opportunities or risks depending on the nature of the agreement, but specific details are not yet disclosed.

Key Players & Entities

• Signing Day Sports, Inc. (company) — Registrant
• January 29, 2025 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of incorporation
• 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 — of one-for-forty-eight (1 for 48) from $0.30 to $14.40 per share, effective as of No
• $14.40 — or-forty-eight (1 for 48) from $0.30 to $14.40 per share, effective as of November 16,
• $3.00 — e exercise price of $14.40 per share to $3.00 per share (the "Reduced Exercise Price"
• $1.25 — e exercise price of $14.40 per share to $1.25 per share (the "New Reduced Exercise Pr

Filing Documents

• ea0229210-8k_signing.htm (8-K) — 30KB
• ea022921001ex10-1_signing.htm (EX-10.1) — 12KB
• 0001213900-25-008067.txt ( ) — 219KB
• sgn-20250129.xsd (EX-101.SCH) — 3KB
• sgn-20250129_lab.xml (EX-101.LAB) — 33KB
• sgn-20250129_pre.xml (EX-101.PRE) — 22KB
• ea0229210-8k_signing_htm.xml (XML) — 4KB

01 Entry into a Material Definitive Agreement

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 "Warrant"), which may be exercised to purchase of up to 28,646 shares of the Company's common stock, par value $0.0001 per share ("common stock"), subject to the terms and conditions of the Warrant. As previously reported in a Current Report on Form 8-K filed with the SEC by the Company on November 18, 2024, the Company effected a 1-for-48 reverse stock split (the " Reverse Stock Split ") of common stock. In accordance with its terms, the Exercise Price (as defined by the Warrant) has been adjusted in proportion to the Reverse Stock Split ratio of one-for-forty-eight (1 for 48) from $0.30 to $14.40 per share, effective as of November 16, 2024. As previously reported in a Current Report on Form 8-K filed with the SEC by the Company on November 26, 2024, the Company delivered a letter (the "November 2024 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 $14.40 per share to $3.00 per share (the "Reduced Exercise Price"). On the same date, FirstFire accepted and executed the November 2024 Reduced Exercise Price Offer. On December 2, 2024, FirstFire delivered an exercise notice to the Company and purchased 10,000 shares of common stock at the Reduced Exercise Price. The November 2024 Reduced Exercise Price Offer expired on December 13, 2024. As of today, the Warrant remains exercisabl

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 January 2025 Reduced Exercise Price Offer and sale of restricted common stock pursuant to the exercise of the Warrant in accordance with the terms of the January 2025 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, and/or Rule 506(b) of Regulation D promulgated thereunder for transactions not involving a public offering.

01 Financial

Item 9.01 Financial (d) Exhibits Exhibit No. Description 10.1 Offer of Voluntary Temporary Reduction of Exercise Price of Warrant, dated as of January 29, 2025, 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: January 30, 2025 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