Signing Day Sports Files for IPO

TL;DR

Signing Day Sports is going public, filing its S-1 today.

AI Summary

Signing Day Sports, Inc. filed an S-1 registration statement on July 5, 2024, to register an unspecified number of securities. The company, incorporated in Delaware with principal offices in Scottsdale, AZ, is seeking to go public. The filing indicates Daniel Nelson is the Chief Executive Officer.

Why It Matters

This S-1 filing signals Signing Day Sports' intention 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 filing, it represents a company in the early stages of the IPO process, with inherent uncertainties regarding market reception and future performance.

Key Numbers

• 333-280700 — SEC File Number (Identifies the specific SEC registration)
• 0001898474 — Central Index Key (Unique identifier for the company in SEC filings)

Key Players & Entities

• Signing Day Sports, Inc. (company) — Registrant
• July 5, 2024 (date) — Filing Date
• Delaware (jurisdiction) — State of Incorporation
• Scottsdale, AZ (location) — Principal Executive Offices
• Daniel Nelson (person) — Chief Executive Officer
• Louis A. Bevilacqua, Esq. (person) — Counsel for Registrant
• Bevilacqua PLLC (company) — Legal Counsel

FAQ

Key Financial Figures

• $0.0001 — 5,090 shares of common stock, par value $0.0001 per share (“common stock”),
• $198,611 — ne 18, 2024, in the principal amount of $198,611 and with guaranteed interest of $19,861
• $19,861 — 198,611 and with guaranteed interest of $19,861 (the “June 2024 FF Note”),
• $0.195 — n assumed alternate conversion price of $0.195 per share, assuming the application of
• $0.30 — warrant at an initial exercise price of $0.30 per share (the “First June 2024 F
• $0.01 — rdquo;) at an initial exercise price of $0.01 per share exercisable from the date (th
• $412,500 — nts”), in the principal amount of $412,500 and with guaranteed interest of $41,250
• $41,250 — 412,500 and with guaranteed interest of $41,250 (as amended, the “May 2024 FF Not
• $0.44 — average exercise price of approximately $0.44 per share issued as partial considerati
• $0 — n assumed conversion price per share of $0.195, which would be one of a number of
• $1,088,583 — ing Stockholders . We may receive up to $1,088,583 in aggregate gross proceeds from the ca
• $0.2591 — r common stock on the NYSE American was $0.2591 per share. Unless otherwise noted, the
• $4.0 million — 4, we had total assets of approximately $4.0 million with total stockholders’ equity o
• $0.2 million — kholders’ equity of approximately $0.2 million. Our sales increased 334% year-over-ye
• $2.5 million — 24 and 2023, net loss was approximately $2.5 million and $0.9 million. For the fiscal years

Filing Documents

• ea0208881-s1_signing.htm (S-1) — 636KB
• ea020888101ex5-1_signing.htm (EX-5.1) — 35KB
• ea020888101ex23-1_signing.htm (EX-23.1) — 3KB
• ea020888101ex-fee_signing.htm (EX-FILING FEES) — 58KB
• image_001.jpg (GRAPHIC) — 3KB
• ex5-1_001.jpg (GRAPHIC) — 5KB
• ex5-1_002.jpg (GRAPHIC) — 3KB
• ex23-1_001.jpg (GRAPHIC) — 5KB
• 0001213900-24-059235.txt ( ) — 756KB

Description of Securities

Description of Securities 20

Risk Factors

Risk Factors 21 Cautionary Note Regarding Forward-Looking Statements 26

Use of Proceeds

Use of Proceeds 27 Dividend Policy 28 Selling Stockholders 29 Plan of Distribution 31 Legal Matters 33 Experts 33 Changes In and Disagreements with Accountants on Accounting and Financial Disclosure 34 Where You Can Find More Information 34 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 the United States. i TRADEMARKS, TRADE NAMES AND SERVICE

View Full Filing

View this S-1 filing on SEC EDGAR