On June 18, 2024, Signing Day Sports, Inc. successfully completed amendments to several transaction documents and related agreements with FirstFire Global Opportunities Fund, LLC. The amendments included changes to the Securities Purchase Agreement, Senior Secured Promissory Note, and Common Stock Purchase Warrants. A new Senior Secured Promissory Note was issued for $198,611.00, which holds the same priority as the original note and does not trigger an Event of Default or breach the original agreement. The company is now permitted to issue securities under the new June 2024 Transaction Documents without violating the original agreement. Key provisions include restrictions on the company's ability to engage in Variable Rate Transactions, a commitment to maintain director and officer insurance, and a requirement to obtain Shareholder Approval...Show More

On June 18, 2024, Signing Day Sports, Inc. successfully completed amendments to several transaction documents and related agreements with FirstFire Global Opportunities Fund, LLC. The amendments included changes to the Securities Purchase Agreement, Senior Secured Promissory Note, and Common Stock Purchase Warrants. A new Senior Secured Promissory Note was issued for $198,611.00, which holds the same priority as the original note and does not trigger an Event of Default or breach the original agreement. The company is now permitted to issue securities under the new June 2024 Transaction Documents without violating the original agreement. Key provisions include restrictions on the company's ability to engage in Variable Rate Transactions, a commitment to maintain director and officer insurance, and a requirement to obtain Shareholder Approval for certain share issuances. The $175,000.00 Purchase Price from the Second Note will be allocated to business development and general working capital. The closing of the transaction is contingent upon meeting specific conditions, including the delivery of transaction documents and the receipt of the Purchase Price. Delaware law will govern the agreement, which also stipulates binding arbitration in Delaware for any disputes. The company has agreed to provide the Buyer with the same information as shareholders and to publicly disclose any material non-public information. Additionally, the company has issued irrevocable instructions to its transfer agent regarding the issuance of shares and acknowledges the dilutive effect of the Conversion Shares and Exercise Shares, agreeing to various operational covenants.