Signing Day Sports Implements Reverse Stock Split Strategy

Signing Day Sports, Inc. ( (SGN) ) has shared an announcement.

Signing Day Sports, Inc. announced a 1-for-48 reverse stock split, effective November 16, 2024, aiming to enhance the company’s stock structure by reducing outstanding shares from 27.02 million to 0.56 million. The company, known for its app aiding high school athletes in college recruitment, will continue trading under the symbol SGN on NYSE American, with the new CUSIP number 82670R 305. This move reflects ongoing efforts to streamline operations while navigating regulatory approvals.

See more insights into SGN stock on TipRanks’ Stock Analysis page.