Summary by Futu AI
On June 18, 2024, Signing Day Sports, Inc. successfully completed amendments to several transaction documents and related agreements with FirstFire Global Opportunities Fund, LLC. The amendments included changes to the Securities Purchase Agreement, Senior Secured Promissory Note, and Common Stock Purchase Warrants. A new Senior Secured Promissory Note was issued for $198,611.00, which holds the same priority as the original note and does not trigger an Event of Default or breach the original agreement. The company is now permitted to issue securities under the new June 2024 Transaction Documents without violating the original agreement. Key provisions include restrictions on the company's ability to engage in Variable Rate Transactions, a commitment to maintain director and officer insurance, and a requirement to obtain Shareholder Approval...Show More