share_log

8-K: Current report

SEC ·  Aug 13 04:42
Summary by Futu AI
On August 12, 2024, Signing Day Sports, Inc., a Delaware-based company, entered into a Redemption Agreement with FirstFire Global Opportunities Fund, LLC. The agreement grants Signing Day Sports the right to repurchase unexercised warrants from FirstFire, which were initially issued in May and June of 2024. These warrants allowed FirstFire to purchase shares of Signing Day Sports' common stock at a set price. The Redemption Agreement is valid from August 12, 2024, to February 12, 2025, with a maximum consideration of $100,000, adjusted based on any prior exercises of the warrants. This transaction follows a series of financial agreements between the two entities, including the issuance of senior secured promissory notes and common stock shares to FirstFire, as well as the establishment of registration rights agreements for...Show More
On August 12, 2024, Signing Day Sports, Inc., a Delaware-based company, entered into a Redemption Agreement with FirstFire Global Opportunities Fund, LLC. The agreement grants Signing Day Sports the right to repurchase unexercised warrants from FirstFire, which were initially issued in May and June of 2024. These warrants allowed FirstFire to purchase shares of Signing Day Sports' common stock at a set price. The Redemption Agreement is valid from August 12, 2024, to February 12, 2025, with a maximum consideration of $100,000, adjusted based on any prior exercises of the warrants. This transaction follows a series of financial agreements between the two entities, including the issuance of senior secured promissory notes and common stock shares to FirstFire, as well as the establishment of registration rights agreements for the resale of these securities. The agreements also involved securing the obligations with assets of Signing Day Sports, excluding certain bank collateral which has since been closed and redeemed. The SEC filings related to these transactions have been completed, with the most recent registration statement declared effective on July 18, 2024. There are no other disclosed relationships between Signing Day Sports and FirstFire.

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