Signing Day Sports Files IPO Amendment

TL;DR

Signing Day Sports filed an S-1/A for its IPO. Get ready for new shares.

AI Summary

Signing Day Sports, Inc. filed an S-1/A amendment on August 21, 2024, for its initial public offering. The company, incorporated in Delaware with principal offices in Scottsdale, AZ, is registering an unspecified number of shares under the Securities Act of 1933. The filing details the company's business, financial condition, and the terms of the proposed offering.

Why It Matters

This S-1/A filing indicates Signing Day Sports is moving forward with its plan to become a publicly traded company, which could provide it with capital for growth and increase its visibility.

Risk Assessment

Risk Level: medium — As an S-1/A filing, it represents a company seeking to go public, which inherently carries risks associated with market reception, execution, and financial performance.

Key Numbers

• 1933 Act — Securities Act (Governing legislation for the registration)
• 87-2792157 — IRS Number (Company's Employer Identification Number)

Key Players & Entities

• Signing Day Sports, Inc. (company) — Registrant
• August 21, 2024 (date) — Filing date
• 333-281322 (registration_number) — SEC registration number
• Daniel Nelson (person) — Chief Executive Officer
• Scottsdale, AZ (location) — Principal executive offices

FAQ

Key Financial Figures

• $0.0001 — 3,333 shares of common stock, par value $0.0001 per share (“common stock”),
• $0.01 — -funded warrant at an exercise price of $0.01 per share, without giving effect to app
• $100,000 — , as consideration for an investment of $100,000 ; up to 23,333 shares of common stock
• $0.30 — se of a warrant at an exercise price of $0.30 per share (the “July 2024 Boustea
• $35,333 — ing Stockholders . We may receive up to $35,333 in aggregate gross proceeds from the ca
• $0.221 — r common stock on the NYSE American was $0.221 per share. Unless otherwise noted, th
• $3.6 million — 4, we had total assets of approximately $3.6 million with total stockholders’ deficit
• $0.9 million — holders’ deficit of approximately $0.9 million. Our sales increased 75.5% year-over-
• $3.8 million — nd 2023, our net loss was approximately $3.8 million and approximately $1.7 million, respect
• $1.7 m — ximately $3.8 million and approximately $1.7 million, respectively, and our net cash u
• $3.0 million — operating activities was approximately $3.0 million and approximately $1.2 million, respect
• $1.2 m — ximately $3.0 million and approximately $1.2 million, respectively. For the fiscal yea
• $5.5 million — nd 2022, our net loss was approximately $5.5 million and approximately $6.7 million, respect
• $6.7 m — ximately $5.5 million and approximately $6.7 million, respectively, and our cash used
• $4.8 million — operating activities was approximately $4.8 million and approximately $4.9 million, respect

Filing Documents

• ea0211855-s1a1_signing.htm (S-1/A) — 739KB
• ea021185501ex5-1_signing.htm (EX-5.1) — 25KB
• ea021185501ex23-1_signing.htm (EX-23.1) — 3KB
• image_001.jpg (GRAPHIC) — 3KB
• ex5-1_001.jpg (GRAPHIC) — 3KB
• ex5-1_002.jpg (GRAPHIC) — 2KB
• ex23-1_001.jpg (GRAPHIC) — 5KB
• 0001213900-24-071537.txt ( ) — 787KB

Description of Securities

Description of Securities 13

Risk Factors

Risk Factors 21 Cautionary Note Regarding Forward-Looking Statements 26

Use of Proceeds

Use of Proceeds 27 Dividend Policy 27 Selling Stockholders 28 Certain Relationships and Related Party Transactions 30 Plan of Distribution 31 Legal Matters 32 Experts 32 Changes In and Disagreements with Accountants on Accounting and Financial Disclosure 32 Where You Can Find More Information 32 You should rely only on the information contained in or incorporated by reference in this prospectus, any supplement to this prospectus or in any free writing prospectus, filed with the Securities and Exchange Commission (the “SEC”). Neither we nor the Selling Stockholders have authorized anyone to provide you with additional information or information different from that contained in or incorporated by reference in this prospectus filed with the SEC. We take no responsibility for, and can provide no assurance as to the reliability of, any other information that others may give you. The Selling Stockholders are offering to sell, and seeking offers to buy, our securities only in jurisdictions where offers and sales are permitted. The information contained in this prospectus is accurate only as of the date of this prospectus, and any information we have incorporated by reference is accurate only as of the date of the document incorporated by reference, regardless of the time of delivery of this prospectus or any sale of our securities. Our business, financial condition, results of operations and prospects may have changed since that date. For investors outside of the United States: Neither we nor the Selling Stockholders have done anything that would permit this offering or possession or distribution of this prospectus in any jurisdiction where action for that purpose is required, other than in the United States. Persons outside the United States who come into possession of this prospectus must inform themselves about, and observe any restrictions relating to, the offering of our securities and the distribution of this prospectus outside

View Full Filing

View this S-1/A filing on SEC EDGAR