Summary by Futu AI
On October 7, 2024, Signing Day Sports, Inc., a company listed on NYSE American under the symbol SGN, announced an update on its acquisition process of Dear Cashmere Group Holding Company, doing business as Swifty Global, which is traded on the OTC Markets Group under the symbol DRCR. The update, provided via a press release, detailed the ongoing efforts by both management teams to create a strategic roadmap aimed at driving long-term growth and enhancing shareholder value. The press release also announced Swifty Global's commitment to provide $150,000 to Signing Day Sports through a promissory note to facilitate the closing process of the acquisition. The Binding Term Sheet, which outlines the potential transaction for the acquisition of 95% to 99% of DRCR's...Show More