{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-23-089620","form_type":"8-K","ticker":null,"cik":"0001898474","company_name":"Signing Day Sports, Inc.","filed_at":"2023-11-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.342809+00:00","generated_at":"2026-06-07T22:23:13.595649+00:00","sec_items":["2.04","3.02"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Signing Day Sports closes IPO; converts $7.77M debt to equity, issues 4.3M shares","bullets":["IPO closed Nov 16, gross proceeds $6M, net ~$4.8M after underwriting and expenses.","$6.3M of 6% convertible notes and $1.465M of 8% convertible notes converted into 2,774,200 and 586,000 shares at $2.50 per share.","Automatic warrants for 940,000 shares exercised; $2.35M principal of 8% notes deemed repaid; $113K accrued interest to be paid.","CEO Daniel Nelson's $10,263 note and John Dorsey's $40,000 note fully repaid by Nov 22.","Issued 10,700 shares to two vendors for $53,500 in services under private placements."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-23-089620","json":"https://secwatch.observer/filing/0001213900-23-089620.json","markdown":"https://secwatch.observer/filing/0001213900-23-089620.md","text":"https://secwatch.observer/filing/0001213900-23-089620.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1898474/000121390023089620/0001213900-23-089620-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1898474/000121390023089620/ea188951-8k_signing.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T22:23:13.595649+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0008dfd73436b6c516f2675e024deecae1674bed","claim":"Signing Day Sports, Inc. faced acceleration on convertible notes of aggregate loans of $6,305,000 at 6% maturing October 15, 2024 as to the principal amount of $3,300,000; November 15, 2024 as to the principal amount of $1,205,000; and December 23, 2024 as to the principal.","evidence_excerpt":"lockup agreements with a number of accredited investors. Pursuant to the agreements, the Company issued the 6% Convertible Notes to 27 investors for aggregate loans of $6,305,000. Pursuant to a settlement notice issued to the holders of the 6% Convertible Notes to address possible claims with respect to the increase of the outstanding principal under the","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1898474/000121390023089620/0001213900-23-089620-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"aggregate loans of $6,305,000"},{"label":"Rate","value":"6%"},{"label":"Maturity","value":"October 15, 2024 as to the principal amount of $3,300,000; November 15, 2024 as to the principal amount of $1,205,000; and December 23, 2024 as to the principal"},{"label":"Event","value":"acceleration"}],"fact_type":"debt_financing"},{"claim_id":"a90410d9d7d520696aad492c4232544817bee47b","claim":"Signing Day Sports, Inc. faced acceleration on loan of $2,350,000 at 8% maturing the earlier to occur of a Liquidity Event or the second anniversary of the initial closing date of the respective private placement (March 17, 2025 as to $1,500.","evidence_excerpt":"with 11 accredited investors pursuant to which the Company issued 11 8% unsecured promissory notes (the “8% Notes”). The total aggregate principal amount under the 8% Notes was $2,350,000. The 8% Notes carried interest at the annual rate of 8%. The amount outstanding under the 8% Notes was required to be repaid upon the earlier to occur of a Liquidity Event or the","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1898474/000121390023089620/0001213900-23-089620-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$2,350,000"},{"label":"Rate","value":"8%"},{"label":"Maturity","value":"the earlier to occur of a Liquidity Event or the second anniversary of the initial closing date of the respective private placement (March 17, 2025 as to $1,500"},{"label":"Event","value":"acceleration"}],"fact_type":"debt_financing"},{"claim_id":"ac2932230833d8c4c0e2586f08f11c0913aee1f4","claim":"Signing Day Sports, Inc. faced acceleration on convertible notes of aggregate loans of $1,465,000 at 8% maturing August 8, 2025.","evidence_excerpt":"Convertible Notes”) with 15 accredited investors under subscription agreements. Pursuant to the agreements, the Company issued the 8% Convertible Notes for aggregate loans of $1,465,000. The 8% Convertible Notes carried interest at 8% annually. The 8% Convertible Notes carried interest at 8% annually. As amended, 8% Convertible Notes were due to mature on August","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1898474/000121390023089620/0001213900-23-089620-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"aggregate loans of $1,465,000"},{"label":"Rate","value":"8%"},{"label":"Maturity","value":"August 8, 2025"},{"label":"Event","value":"acceleration"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}