On September 18, 2024, Signing Day Sports, Inc. (SGN), a Delaware corporation, entered into a binding term sheet with Dear Cashmere Group Holding Company (trading as Swifty Global) and its shareholders, James Gibbons and Nicholas Link, to acquire between 95% and 99% of DRCR's issued and outstanding shares. The acquisition, structured as an all-equity deal, will result in the issuance of Signing Day Sports common stock to the sellers, representing approximately 91.76% of the post-transaction shares on a fully-diluted basis. The sellers will also receive convertible preferred stock, which will convert into common stock upon shareholder approval and NYSE American listing application clearance. The transaction is expected to close by October 31, 2024, subject to definitive stock purchase agreements and customary closing conditions...Show More

On September 18, 2024, Signing Day Sports, Inc. (SGN), a Delaware corporation, entered into a binding term sheet with Dear Cashmere Group Holding Company (trading as Swifty Global) and its shareholders, James Gibbons and Nicholas Link, to acquire between 95% and 99% of DRCR's issued and outstanding shares. The acquisition, structured as an all-equity deal, will result in the issuance of Signing Day Sports common stock to the sellers, representing approximately 91.76% of the post-transaction shares on a fully-diluted basis. The sellers will also receive convertible preferred stock, which will convert into common stock upon shareholder approval and NYSE American listing application clearance. The transaction is expected to close by October 31, 2024, subject to definitive stock purchase agreements and customary closing conditions. Additionally, on the same date, Signing Day Sports terminated its engagement with Boustead Securities, LLC, issuing 3,000,000 shares of common stock to Boustead and agreeing to issue additional shares upon future equity sales. The termination was necessary for the acquisition of DRCR and was amicably agreed upon by both parties. The acquisition is part of Signing Day Sports' growth strategy to expand into the sports and casino technology industry.