Signing Day Sports, Inc. (NYSE American: SGN) (the “Company”), developer of the Signing Day Sports app and platform service for high school athletes in the college recruitment process, today announced the closing of its initial public offering of 1,200,000 shares of common stock at a public offering price of $5.00 per share for gross proceeds of $6,000,000, before deducting underwriting discounts, commissions, and offering expenses payable by the Company. After deducting underwriting discounts, commissions and offering expenses, the Company received net proceeds of approximately $4.8 million. The Company has granted the underwriters a 45-day option to purchase up to an additional 180,000 shares of common stock to cover over-allotments at the initial public offering price, less underwriting discounts, commissions, and other offering expenses.
The Company’s common stock began trading on the NYSE American exchange on November 14, 2023, under the symbol “SGN.”
Boustead Securities, LLC acted as sole underwriter for the offering.
The offering was made only by means of a prospectus and pursuant to a registration statement on Form S-1, as amended (File No. 333-271951), which was filed with the U.S. Securities and Exchange Commission (“SEC”) and subsequently declared effective by the SEC on November 13, 2023. Copies of the final prospectus are available on the SEC website at www.sec.gov, or may be obtained from Boustead Securities, LLC, Attn: Equity Capital Markets, 6 Venture, Suite 395, Irvine, CA 92618, USA, by telephone at +1 (949) 502-4408 or emailing offerings@boustead1828.com.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Bevilacqua PLLC served as legal counsel to the Company and Anthony L.G., PLLC served as legal counsel to Boustead Securities, LLC for the initial public offering.