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Signing Day Sports, Inc. ( (SGN) ) just unveiled an announcement.
On January 13, 2026, Signing Day Sports, Inc. entered into an underwriting agreement with Maxim Group LLC for a firm-commitment public offering of 9,483,500 shares of common stock and accompanying warrants to purchase up to 14,225,250 shares, priced at a combined $0.5905 per share and warrant, and the offering closed on January 14, 2026, raising gross proceeds of approximately $5.6 million and net proceeds of about $4.9 million. The deal structure, which includes an underwriters’ over-allotment option for additional shares and warrants, as well as zero-cash exercise features and beneficial ownership limits on the warrants, allows the company to secure near-term funding while preserving flexibility around its pending business combination with One Blockchain, with roughly $3.48 million earmarked for Signing Day Sports’ own working capital and $1.47 million allocated to One Blockchain’s expenses and working capital, reinforcing the capital base for both entities ahead of their planned transaction.
The most recent analyst rating on (SGN) stock is a Sell with a $0.21 price target. To see the full list of analyst forecasts on Signing Day Sports, Inc. stock, see the SGN Stock Forecast page.
Spark’s Take on SGN Stock
According to Spark, TipRanks’ AI Analyst, SGN is a Underperform.
The score is held down primarily by weak financial health (losses, negative equity, and negative free cash flow) and a strongly bearish technical backdrop (well below major moving averages with negative momentum). Corporate events add some upside potential via the proposed merger and operational expansion, but valuation support is limited given ongoing losses.
To see Spark’s full report on SGN stock, click here.
More about Signing Day Sports, Inc.
Signing Day Sports, Inc., listed on NYSE American under the ticker SGN, operates in the sports technology and recruiting industry, developing a mobile app and digital platform that help high school student-athletes build verified recruitment profiles for college coaches. The platform aggregates video-verified physical measurables, academic records and technical skill videos to streamline and validate the college recruiting process, targeting both student-athletes seeking exposure and collegiate programs looking for more efficient talent evaluation.
Average Trading Volume: 1,044,743
Technical Sentiment Signal: Sell
Current Market Cap: $941.8K
Learn more about SGN stock on TipRanks’ Stock Analysis page.