Summary by Futu AI
Signing Day Sports, Inc. (SGN.US), a technology company specializing in a digital platform for student-athlete recruitment, has filed a prospectus with the SEC for the resale of up to 4,511,391 shares of common stock by Tumim Stone Capital LLC ("Tumim"), a selling stockholder. The shares may be sold at varying times and prices, and the company will not receive any proceeds from the sale of these shares by Tumim. The shares include 3,885,504 shares that may be issued and sold to Tumim under a common stock purchase agreement, 114,496 shares already purchased by Tumim, and 511,391 shares as partial consideration for Tumim's commitment under the agreement. The prospectus filing is part of a registration statement that also includes financial statements and risks associated with the investment. The company has previously identified material weaknesses in its internal control over financial reporting and has not declared or paid cash dividends on its common stock. The common stock is listed on the NYSE American under the symbol 'SGN'.