---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-044523"
form_type: "8-K"
ticker: null
cik: "0001898474"
company_name: "Signing Day Sports, Inc."
filed_at: "2024-05-17T23:59:59+00:00"
generated_at: "2026-06-01T17:10:57.063923+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Signing Day Sports enters $412,500 secured convertible note, terminates prior $25M equity line

## Summary
- Entered $412,500 senior secured convertible note with FirstFire Global; purchase price $375,000.
- Note matures May 16, 2025, 10% interest, monthly amortization $56,715 starting Sep 16, 2024.
- Conversion price $0.30/share, full-ratchet anti-dilution; warrants for up to 1.625M shares.
- Must seek stockholder approval to issue >19.99% of outstanding shares (3.07M shares).
- Terminated $25M equity line with Tumim Stone Capital effective May 16, 2024.

## SEC filing metadata
- accession: 0001213900-24-044523
- form_type: 8-K
- cik: 0001898474
- company_name: Signing Day Sports, Inc.
- filed_at: 2024-05-17T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1898474/000121390024044523/0001213900-24-044523-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1898474/000121390024044523/ea0206439-8k_signing.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-044523
- JSON: https://secwatch.observer/filing/0001213900-24-044523.json
- Plain text: https://secwatch.observer/filing/0001213900-24-044523.txt

## Key facts
- Debt Financings
  Signing Day Sports, Inc. incurred convertible notes of $412,500 with FirstFire Global Opportunities Fund, LLC.
  - Instrument: convertible notes
  - Principal: $412,500
  - Counterparty: FirstFire Global Opportunities Fund, LLC
  - Event: incurrence
  source text: On May 16, 2024, Signing Day Sports, Inc., a Delaware corporation (the “Company”), entered into a securities purchase agreement, dated as of May 16, 2024 (the “FirstFire Purchase Agreement”), with FirstFire Global Opportunities Fund, LLC (the “Investor”) pursuant to which the Company is required to issue the Investor a senior secured convertible promissory note with principal of $412,500
  evidence_url: https://www.sec.gov/Archives/edgar/data/1898474/000121390024044523/0001213900-24-044523-index.htm
- Material Agreements
  Signing Day Sports, Inc. entered into FirstFire Purchase Agreement with FirstFire Global Opportunities Fund, LLC valued at $412,500 (effective 2024-05-16).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: FirstFire Global Opportunities Fund, LLC
  - Value: $412,500
  - Effective: 2024-05-16
  source text: On May 16, 2024, Signing Day Sports, Inc., a Delaware corporation (the “Company”), entered into a securities purchase agreement, dated as of May 16, 2024 (the “FirstFire Purchase Agreement”), with FirstFire Global Opportunities Fund, LLC (the “Investor”) pursuant to which the Company is required to issue the Investor a senior secured convertible promissory note with principal of $412,500
  evidence_url: https://www.sec.gov/Archives/edgar/data/1898474/000121390024044523/0001213900-24-044523-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.