Summary by Futu AI
Signing Day Sports, Inc. (the "Company") has announced a special meeting of stockholders to be held on October 10, 2024. The primary agenda for the meeting is to seek approval for one or more amendments to the Company's Second Amended and Restated Certificate of Incorporation to effect a reverse stock split of the Company's common stock. The proposed reverse stock split ratio ranges from 1-for-2 to 1-for-100, as determined by the Board. Additionally, the meeting will address the approval of an adjournment of the Special Meeting, if necessary, to solicit additional proxies if the requisite stockholder vote is not met. The Board has set September 16, 2024, as the record date for stockholders entitled to notice and to vote at the meeting. The reverse stock split is intended to increase the per-share market price of the Company's common stock to comply with NYSE American listing requirements and to avoid potential default under certain senior secured promissory notes. The Board recommends voting in favor of both proposals.
