Signing Day Sports Inc (SGN) 銘柄情報

SGN DRCR cancelled https://www.otcmarkets.com/filing/html?id=18252737&guid=1NB-kFJLzJX_B3h

$SGN NEWS: Signing Day Sports Files Audited Financial Statements for 2023 and 2022, Along With Unaudited Financial Statements for the Nine Months Ending September 30, 2024 and 2023, for Dear Cashmere Group Holding Company (d/b/a Swifty Global), and Pro Forma Financial Statements Related to Its Planned Acquisition of Swifty Global
Signing Day Sports, Inc.

Fri, February 21, 2025 at 6:30 AM EST
In This Article: SGN
Signing Day Sports, Inc.

SCOTTSDALE, Ariz., Feb. 21, 2025 (GLOBE NEWSWIRE) -- Signing Day Sports, Inc. (“Signing Day Sports” or the “Company”) (NYSE American: SGN), the developer of the Signing Day Sports app and platform to aid high school athletes in the recruitment process, today announced the filing of the audited financial statements of Dear Cashmere Group Holding Company (OTC: DRCR), doing business as Swifty Global (“Swifty Global”), as of and for the fiscal years ended December 31, 2023 and 2022, and the unaudited financial statements of Swifty Global as of and for the nine months ended September 30, 2024 and 2023, as exhibits to a Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission (the “SEC”) on February 20, 2025 (the “Form 8-K”), in connection with the recently announced executed Stock Purchase Agreement (the “Purchase Agreement”) to acquire 99.13% of the issued and outstanding capital stock of Swifty Global.

In addition, the Company filed unaudited pro forma financial statements with the Form 8-K. The pro forma financial statements are intended to represent the combination of the financial position and results of Signing Day Sports and Swifty Global as of September 30, 2024 and for the year ended December 31, 2023 and the first nine months of 2024.

Highlights of Swifty Global for Fiscal Years 2023 and 2022:

Net gaming revenues were approximately $8.7 million for the fiscal year ended December 31, 2023, compared to approximately $2.4 million for the comparable 2022 period.


Operating expenses were approximately $5.9 million for the fiscal year ended December 31, 2023, compared to approximately $2.0 million for the comparable 2022 period.


Income from operations was approximately $2.9 million for the fiscal year ended December 31, 2023, compared to approximately $0.4 million for the comparable 2022 period.


Net income was approximately $2.4 million for the fiscal year ended December 31, 2023, compared to approximately $0.4 million for the comparable 2022 period.

Highlights of Swifty Global for the Nine Months Ended September 30, 2024 and 2023:

Net gaming revenue was approximately $5.1 million for the nine months ended September 30, 2024, compared to approximately $6.9 million for the comparable 2023 period.


Operating expenses were approximately $4.5 million for the nine months ended September 30, 2024, compared to approximately $6.4 million for the comparable 2023 period.


Income from operations was approximately $0.6 million for the nine months ended September 30, 2024, compared to approximately $0.5 million for the comparable 2023 period.

Net income was approximately $0.6 million for the nine months ended September 30, 2024, compared to approximately $0.4 million for the comparable 2023 period.

Pro Forma Combined Financial Highlights for Fiscal Year 2023:

Pro forma combined total net revenues were approximately $9.0 million for the fiscal year ended December 31, 2023.


Pro forma combined cost of revenues was approximately $0.04 million for the fiscal year ended December 31, 2023.


Pro forma combined gross profit was approximately $9.0 million for the fiscal year ended December 31, 2023.


Pro forma combined total operating expense was approximately $10.9 million for the fiscal year ended December 31, 2023.


Pro forma combined net loss from operations was approximately $1.9 million for the fiscal year ended December 31, 2023.


Pro forma combined net loss was approximately $3.0 million for the fiscal year ended December 31, 2023.

Pro Forma Combined Financial Highlights for the Nine Months Ended September 30, 2024:

Pro forma combined total net revenues were approximately $5.6 million for the nine months ended September 30, 2024.


Pro forma combined cost of revenues was approximately $0.2 million for the nine months ended September 30, 2024.


Pro forma combined gross profit was approximately $5.5 million for the nine months ended September 30, 2024.


Pro forma combined total operating expense was approximately $9.4 million for the nine months ended September 30, 2024.


Pro forma combined net loss from operations was approximately $3.9 million for the nine months ended September 30, 2024.


Pro forma combined net loss was approximately $4.8 million for the nine months ended September 30, 2024.


Swifty Group’s historical financial statements and the pro forma combined financial statements are filed as Exhibits 99.2 and 99.3 and Exhibit 99.4 to the Form 8-K, respectively. To review these financial statements, please refer to the Form 8-K, which is available at the SEC’s website at www.sec.gov.

The unaudited pro forma condensed combined financial statements of the Company and Swifty Global are not intended to represent or be indicative of the financial position or results of operations in future periods or the results that actually would have been realized had the Company and Swifty Global been a combined company during the specified periods. The pro forma adjustments are based on the information available at the date of the Form 8-K, with which they are filed, and reflect preliminary estimates of purchase consideration and fair value of the net assets acquired. The unaudited pro forma condensed combined financial statements, including the footnotes that accompany them, which are filed as Exhibit 99.1 to the Form 8-K, are qualified in their entirety by reference to and should be read in connection with the historical consolidated financial statements of Swifty Global included as Exhibits 99.2 and 99.3 to the Form 8-K, and the historical consolidated financial statements of the Company as set forth in its Annual Report on Form 10-K for the year ended December 31, 2023, as filed with the SEC on March 29, 2024, and its Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2024, as filed with the SEC on November 14, 2024.

Daniel Nelson, CEO of Signing Day Sports, commented: “Taking this step is important to the shared goal of bringing this acquisition together. Together, we expect to push the boundaries of innovation between Swifty Global and Signing Day Sports, extend our reach in established and emerging markets, and deliver greater value to our customers and stakeholders.”

About Signing Day Sports, Inc.

Signing Day Sports' mission is to help student-athletes achieve their goal of playing college sports. Signing Day Sports' app allows student-athletes to build their Signing Day Sports' recruitment profile, which includes information college coaches need to evaluate and verify them through video technology. For more information on Signing Day Sports, go to https://bit.ly/SigningDaySports.

Forward-Looking Statements

This press release contains "forward-looking statements" that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as "may," "could," "will," "should," "would," "expect," "plan," "intend," "anticipate," "believe," "estimate," "predict," "potential," "project" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties and other factors, including without limitation, the Company's ability to complete the acquisition of Swifty Global and integrate its business, the ability of the parties to the Purchase Agreement to obtain all necessary consents and approvals in connection with the acquisition, including clearance from The Nasdaq Stock Market LLC of an initial listing application in connection with the acquisition, and stockholder approval of the matters to be voted on at a stockholders’ meeting to approve matters required to be approved in connection with the Purchase Agreement, the Company’s ability to obtain sufficient funding to maintain operations and develop additional services and offerings, market acceptance of the Company's current products and services and planned offerings, competition from existing online and retail offerings or new offerings that may emerge, impacts from strategic changes to the Company's business on its net sales, revenues, income from continuing operations, or other results of operations, the Company's ability to attract new users and customers, increase the rate of subscription renewals, and slow the rate of user attrition, the Company's ability to retain or obtain intellectual property rights, the Company's ability to adequately support future growth, the Company's ability to comply with user data privacy laws and other current or anticipated legal requirements, and the Company's ability to attract and retain key personnel to manage its business effectively. These risks, uncertainties and other factors are described more fully in the section titled “Risk Factors” in the Company’s periodic reports which are filed with the Securities and Exchange Commission. These risks, uncertainties and other factors are, in some cases, beyond our control and could materially affect results. If one or more of these risks, uncertainties or other factors become applicable, or if our underlying assumptions prove to be incorrect, actual events or results may vary significantly from those implied or projected by the forward-looking statements. No forward-looking statement is a guarantee of future performance. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law.

Investor Contact:
Crescendo Communications, LLC
212-671-1020
SGN@crescendo-ir.com

SGN: Give me my TEN BUCKS!!!

SGN: Ten bucks easy!!! 600%-to-700% runner!! (Thanks for tip!!)

Nice...I had no position...🥳

All out $6

Don't fall asleep on 600k floater $4.50 + 150%

💰 🐂

Took a position here today

Thanks for the heads up…🥳

Any day - merger announcement news forthcoming 

Been on watch...🥳no position right now...

500k float $3.50 +'15% could be a dud

Next pump careful 

SGN................................https://stockcharts.com/h-sc/ui?s=SGN&p=W&b=5&g=0&id=p86431144783

SGN...28s clearing here...🥳...Reverse Split coming here...SCOTTSDALE, AZ, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Signing Day Sports, Inc. (“Signing Day Sports” or the “Company”) (NYSE American: SGN), the developer of the Signing Day Sports app and platform to aid high school athletes in the recruitment process, today announced that it will effect a 1-for-48 reverse stock split (“reverse split”) of its shares of common stock that will become effective on November 16, 2024.

The Company’s shares of common stock will continue to trade on NYSE American under the symbol “SGN” and will begin trading on a split-adjusted basis when the market opens on November 18, 2024. The new CUSIP number for the common stock following the reverse split will be 82670R 305. The reverse split will reduce the number of outstanding shares of the Company’s common stock from approximately 27.02 million shares to approximately 0.56 million shares and also reduce the Company’s public float from approximately 20.56 million shares to approximately 0.43 million shares.

SGN.........................https://stockcharts.com/h-sc/ui?s=SGN&p=W&b=5&g=0&id=p86431144783

sgn ,,next post split to run

SGN...37...HOD...plus 40% today...🥳

SGN

SGN...35...Getting some action off the dip...🥳

Wonder if XPON Will do 500% again Today? WOW!!

up since 5am im done trading this morn dropping daughter off to school then going to beach🏖️ its only 8 minutes away, have a great day🤑

SGN: Was quite a spectacle!! (And really, simply a 'MERGER' of sorts with SGN's OTC partner, that curious gambling firm across the Atlantic; whereby the OTC company gets THEIR shares up on the USA's more respectable "ASE" exchange --- one way, or another. But quite a complex PR today, to say the least, regarding as to precisely when-&-how the OTC firm's SHARES will be distributed, exchanged, reorganized, etc., etc..)

The Outstanding Shares traded 31 times today!

SGN: Will bust $1.00 circa 1:15 p.m. (NY Time).




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I'm producing a film, American Cars of 1908 --- tap link for latest edition:
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I’m out folks for now. That $.73 is Critical. Fun day! Let’s see what Tomorrow Brings

SGN: This (SGN) day has just BEGUN, Peeps!!! Watch what happens NEXT!!! (The BEST rock song of all time, below!!! Let [the late] Eddie, & his Brother [drums], & that wild-man Sammy [vocals] edify Planet Earth on HOW to do it!!!)

Hey, Big-G, THANKS for the tip!!

Have a Great Day...Here is one you have not said anything about...AAP...try following that one...🥳

SGN...62s clearing on the intraday double top break...🥳

SGN: YOU were the FIRST on this today, TW!!! (THANKS!!! TFCD was 2nd.)

Hit .76 resistance next would be $1 low floater heaven gods lol

SGN: As I noted earlier, a 1,500% RUNNER looming here today!!! (Can it eclipse that @HKD monster of years ago --- whose iHub board I myself created back then --- likely NOT, but who knows????

Dollars Inbound

.65 nhod what in thee hell

SGN: Not nearly as much FUN that YOU have (graciously) edifying all iHubers that YOU of course had ALERTED them long ago regarding all of the PRESENTLY soaring stocks up-&-down Wall Street!!!

No sir that was just page one...page two has even more posts on SGN...Have a Great Day...Do you have fun commenting useless information about what I post...🥳

SGN: About 4-months ago, oh Great Georgie, you had the audacity to chastise an Orion's NEWBIE with your post, "Learn to be HUMBLE, newbie!!" --- because he had posted to Orion's HIS stock pick with the comment, "And you can all thank me later."

Have a Great Day...🥳

I lost a few bucks on my last SGN trade, now higher than my sell 🙄

SGN: You TOUT yourself every day on iHub, Homeboy!!! You "ALERTED" that one, & you "ALERTED" this one, & you "ALERTED" everyone!!! You are nearly as bad as "MONKS DREAM", with his incessant, "52-weeks lows", and his "Ooooops!! I did it again" daily routines!!! But nonetheless, we all LOVE your gracious TOUTING, Georgie!!

No not the greatest...nor do I ever tout myself...why are you so angry...🥳Have a Great Day...

Dollar Land coming

SGN: You are the GREATEST, King Georgie18!!! (Just put me back on iHub's "IGNORE" setting.)

SGN...56s clearing here on big volume for SGN....🥳

SGN: A totally BONKERS 1,500%, Super-Stunner-Runner, is gearing up here today, my iHub Homeboys!!! (Even iHub's Legendary GEORGIE is on it!!! LOVE that Dude!!!!)

History is easily found...If your going to be a hater then at least spell my name correctly so traders will know who to hate with you ...Have a Great Day...🥳
Subject Board Date/Time
SGN...50s starting again...🥳 Signing Day Sports Inc 09/19/2024 10:21:15 AM
SGN...50s starting again...🥳 $Rig's Platinum Penny Alerts 09/19/2024 10:21:01 AM
SGN...50s starting again...🥳 ORIONS Money Stocks 09/19/2024 10:20:48 AM
SGN...5233...🥳 georgie18 Member Level ORIONS Money Stocks 09/19/2024 09:06:32 AM
SGN...5233...🥳 georgie18 Member Level $Rig's Platinum Penny Alerts 09/19/2024 09:06:20 AM
SGN...5233...🥳 georgie18 Member Level Signing Day Sports Inc 09/19/2024 09:06:07 AM
SGN...43...on the Breakout....🥳 Signing Day Sports Inc 09/19/2024 08:46:06 AM
SGN...43...on the Breakout....🥳 $Rig's Platinum Penny Alerts 09/19/2024 08:45:53 AM
SGN...43...on the Breakout....🥳 ORIONS Money Stocks 09/19/2024 08:45:39 AM
SGN...1611...Scaling in for a reload...🥳 ORIONS Money Stocks 08/30/2024 08:54:57 AM
SGN...1611...Scaling in for a reload...🥳 $Rig's Platinum Penny Alerts 08/30/2024 08:54:44 AM
SGN...1611...Scaling in for a reload...🥳 Signing Day Sports Inc 08/30/2024 08:54:31 AM
SGN...3886...On the Upper Bollie Break...🥳Off my .20 range Alert... Signing Day Sports Inc 08/26/2024 05:06:57 PM
SGN...3886...On the Upper Bollie Break...🥳Off my .20 range Alert... $Rig's Platinum Penny Alerts 08/26/2024 05:06:22 PM
SGN...3886...On the Upper Bollie Break...🥳Off my .20 range Alert... ORIONS Money Stocks 08/26/2024 05:06:00 PM
SGN...2183... https://schrts.co/cgyHrjPX ...Bollie Squeezing here...been accumul ORIONS Money Stocks 08/14/2024 01:56:18 PM
SGN...2183... https://schrts.co/cgyHrjPX ...Bollie Squeezing here...been accumul $Rig's Platinum Penny Alerts 08/14/2024 01:56:05 PM
SGN...2438...Psar flipped Bullish...Break/Hold .28 and this can really ORIONS Money Stocks 08/09/2024 12:44:40 PM
SGN...2438...Psar flipped Bullish...Break/Hold .28 and this can really $Rig's Platinum Penny Alerts 08/09/2024 12:44:08 PM
SGN...225...volume starting here...🥳 $Rig's Platinum Penny Alerts 08/09/2024 11:43:30 AM
SGN...225...volume starting here...🥳 ORIONS Money Stocks 08/09/2024 11:43:18 AM
SGN...24... https://schrts.co/BFJKekBm ...🥳...Bullish Harami Cross Rever ORIONS Money Stocks 08/01/2024 05:31:22 PM
SGN...24... https://schrts.co/BFJKekBm ...🥳...Bullish Harami Cross Rever $Rig's Platinum Penny Alerts 08/01/2024 05:31:12 PM
SGN...205...Reloading down here...🥳 $Rig's Platinum Penny Alerts 07/22/2024 09:49:44 AM
SGN...205...Reloading down here...🥳 ORIONS Money Stocks 07/22/2024 09:49:32 AM
SGN...27...Nice candle today but needs some strength on $Rig's Platinum Penny Alerts 07/09/2024 03:40:45 PM
SGN...27...Nice candle today but needs some strength on ORIONS Money Stocks 07/09/2024 03:38:00 PM
SGN...35s clearing here...🥳 ORIONS Money Stocks 06/06/2024 09:08:50 AM
SGN...35s clearing here...🥳 $Rig's Platinum Penny Alerts 06/06/2024 09:08:13 AM
SGN...30... https://schrts.co/kyMMVvMQ ...🥳...Downtrend Broken...Running $Rig's Platinum Penny Alerts 06/05/2024 01:58:46 PM
SGN...30... https://schrts.co/kyMMVvMQ ...🥳...Downtrend Broken...Running ORIONS Money Stocks 06/05/2024 01:58:19 PM
SGN...2599...Finding a bottom again...🥳 $Rig's Platinum Penny Alerts 05/28/2024 12:07:14 PM
SGN...2599...Finding a bottom again...🥳 ORIONS Money Stocks 05/28/2024 12:07:03 PM
SGN...34...🥳 $Rig's Platinum Penny Alerts 05/22/2024 10:34:41 AM
SGN...30s clearing on 2 Million Plus Volume...unusually high $Rig's Platinum Penny Alerts 05/21/2024 03:05:45 PM
SGN...30s clearing on 2 Million Plus Volume...unusually high ORIONS Money Stocks 05/21/2024 03:05:20 PM
SGN...355 Clearing here...on the 50MA Break...🥳 $Rig's Platinum Penny Alerts 05/17/2024 01:39:26 PM
SGN...355 Clearing here...on the 50MA Break...🥳 ORIONS Money Stocks 05/17/2024 01:39:01 PM
SGN...3099...P/M Volume...🥳 ORIONS Money Stocks 05/16/2024 09:04:37 AM
SGN...3099...P/M Volume...🥳 $Rig's Platinum Penny Alerts 05/16/2024 09:01:48 AM
SGN...31...Bullish Engulfing Candle...🥳 ORIONS Money Stocks 05/14/2024 03:31:12 PM
SGN...31...Bullish Engulfing Candle...🥳 $Rig's Platinum Penny Alerts 05/14/2024 03:30:37 PM
SGN...26...Great Grabs here...🥳 $Rig's Platinum Penny Alerts 05/14/2024 09:42:29 AM
SGN...26...Great Grabs here...🥳 ORIONS Money Stocks 05/14/2024 09:42:13 AM
SGN...Thanks for the heads up Mark...🥳 ORIONS Money Stocks 05/09/2024 05:02:22 PM
SGN...3403...in the P/M...🥳 ORIONS Money Stocks 05/02/2024 08:39:10 AM
SGN...3403...in the P/M...🥳 $Rig's Platinum Penny Alerts 05/02/2024 08:38:41 AM
SGN...3025s clearing here...Looking for Break/Hold 355...🥳 ORIONS Money Stocks 05/01/2024 02:01:50 PM
SGN...3025s clearing here...Looking for Break/Hold 355...🥳 $Rig's Platinum Penny Alerts 05/01/2024 02:01:37 PM
SGN...Holding this as well...🥳Waiting for several low floaters ORIONS Money Stocks 04/24/2024 02:11:39 PM

SGN...50s starting again...🥳

georgie18

Member Level
Re: georgie18 post# 658359

Thursday, September 19, 2024 9:06:32 AM

Post#
658368
of 658393
SGN...5233...🥳

georgie18

Member Level
Re: georgie18 post# 3

Thursday, September 19, 2024 8:46:06 AM

Post#
23
of 23
SGN...43...on the Breakout....🥳

georgie18

Member Level
Re: georgie18 post# 655303

Friday, August 30, 2024 8:54:57 AM

Post#
655904
of 658358
SGN...1611...Scaling in for a reload...🥳

georgie18

Member Level
Re: None

Monday, August 26, 2024 5:06:57 PM

Post#
2
of 2
SGN...3886...On the Upper Bollie Break...🥳Off my .20 range Alert...

georgie18

Member Level
Re: None

Monday, July 22, 2024 9:49:32 AM

Post#
650752
of 655302
SGN...205...Reloading down here...🥳

SGN: Did "Geogie" ALERT this one too, months ago??? (When its price was only $0.00036???)