secwatch.observer — SEC 8-K summary
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Issuer:     Signing Day Sports, Inc. (—)
CIK:        0001898474
Form:       8-K
Filed at:   2023-11-22T23:59:59+00:00
Accession:  0001213900-23-089620
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.04, 3.02
LLM model:  deepseek-v4-flash:cloud@v2

Signing Day Sports closes IPO; converts $7.77M debt to equity, issues 4.3M shares
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1898474/000121390023089620/0001213900-23-089620-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1898474/000121390023089620/ea188951-8k_signing.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-089620

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer