Signing Day Sports, Inc., a Delaware corporation listed on NYSE American LLC under the symbol SGN, filed a Form 8-K with the SEC on July 25, 2024, reporting several significant corporate developments. The company entered into a consulting agreement with Clayton Adams on July 23, 2024, under which Adams will provide consulting services on various corporate matters including mergers and acquisitions. In exchange, Adams was granted 127,826 shares of common stock under the company's 2022 Equity Incentive Plan and was to receive an additional 668,841 shares as a private placement. However, an amendment to the agreement on July 25, 2024, redirected the latter shares to Birddog Capital, LLC, an entity owned by Adams, with certain registration rights and subject to NYSE American authorization. The company also reported an...Show More

Signing Day Sports, Inc., a Delaware corporation listed on NYSE American LLC under the symbol SGN, filed a Form 8-K with the SEC on July 25, 2024, reporting several significant corporate developments. The company entered into a consulting agreement with Clayton Adams on July 23, 2024, under which Adams will provide consulting services on various corporate matters including mergers and acquisitions. In exchange, Adams was granted 127,826 shares of common stock under the company's 2022 Equity Incentive Plan and was to receive an additional 668,841 shares as a private placement. However, an amendment to the agreement on July 25, 2024, redirected the latter shares to Birddog Capital, LLC, an entity owned by Adams, with certain registration rights and subject to NYSE American authorization. The company also reported an unregistered sale of equity securities to Birddog Capital, exempt from registration under the Securities Act of 1933. Additionally, as part of a prior agreement with Boustead Securities, LLC, Signing Day Sports issued a placement agent warrant for the purchase of 23,333 shares of common stock, with Boustead deferring its cash compensation rights for this transaction. These corporate actions follow a subscription agreement with Adams, where he paid $100,000 to the company and received a pre-funded warrant to purchase 333,333 shares at $0.01 per share.