On October 7, 2024, Signing Day Sports, Inc. (SDS), a Delaware-based company, entered into a significant financial agreement by issuing a Convertible Promissory Note to Dear Cashmere Group Holding Company (DRCR). The note, with a principal amount of $150,000, carries an annual interest rate of 35% and allows for conversion into SDS common stock at $0.30 per share, subject to NYSE American LLC authorization and adjustments for stock events. The principal and interest are payable upon demand after SDS's next financing transaction. The note includes standard provisions and allows for prepayment without penalty, while overdue amounts incur a 37% default interest rate. This financial move, conducted as a private placement under the Securities Act, aims to raise capital while offering potential equity to DRCR.

On October 7, 2024, Signing Day Sports, Inc. (SDS), a Delaware-based company, entered into a significant financial agreement by issuing a Convertible Promissory Note to Dear Cashmere Group Holding Company (DRCR). The note, with a principal amount of $150,000, carries an annual interest rate of 35% and allows for conversion into SDS common stock at $0.30 per share, subject to NYSE American LLC authorization and adjustments for stock events. The principal and interest are payable upon demand after SDS's next financing transaction. The note includes standard provisions and allows for prepayment without penalty, while overdue amounts incur a 37% default interest rate. This financial move, conducted as a private placement under the Securities Act, aims to raise capital while offering potential equity to DRCR.