On September 23, 2024, Signing Day Sports, Inc., a Delaware corporation, announced the extinguishment of its convertible senior secured promissory notes, which had an original balance of over $0.6 million. This financial restructuring is seen as a positive step towards the company's growth and future capital raising efforts. Concurrently, Signing Day Sports provided updates on its planned acquisition of Swifty Global, a debt-free company with a strong financial performance, including over $128 million in revenues and a net profit of approximately $2.44 million for the fiscal year ended December 31, 2023. The acquisition is expected to bring significant strategic and financial synergies, including accelerated revenue growth, cost savings, and global expansion opportunities. Swifty's recent international licensing acquisitions and plans to offer data feed services...Show More

On September 23, 2024, Signing Day Sports, Inc., a Delaware corporation, announced the extinguishment of its convertible senior secured promissory notes, which had an original balance of over $0.6 million. This financial restructuring is seen as a positive step towards the company's growth and future capital raising efforts. Concurrently, Signing Day Sports provided updates on its planned acquisition of Swifty Global, a debt-free company with a strong financial performance, including over $128 million in revenues and a net profit of approximately $2.44 million for the fiscal year ended December 31, 2023. The acquisition is expected to bring significant strategic and financial synergies, including accelerated revenue growth, cost savings, and global expansion opportunities. Swifty's recent international licensing acquisitions and plans to offer data feed services for the online sports gambling industry are anticipated to contribute to these synergies. The integration of Swifty is projected to enhance Signing Day Sports' operational efficiency, expand its product offerings, and increase its market exposure, particularly in Europe, Africa, and the Middle East. The company aims to develop new strategic revenue streams and improve revenue metrics per user. Daniel Nelson, CEO of Signing Day Sports, expressed confidence in the value the acquisition will bring to the platform, collaborators, student-athletes, and stockholders.