Signing Day Sports completes 1-for-48 reverse stock split to meet NYSE listing rule

Signing Day Sports, Inc.

Effective Nov 16, 2024; shares reverse split 1:48; outstanding reduced from ~27.7M to ~577K.
Board approved Nov 5; certificate of amendment filed Nov 14 with Delaware Secretary of State.
Split intended to comply with NYSE American continued listing standards addressing low share price.
No fractional shares; any fractional interest receives a whole share post-split.
Pre-split: 27,680,343 common shares; post-split: approx 576,674 common shares outstanding.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Signing Day Sports, Inc.: Approved and filed a Certificate of Amendment to the Second Amended and Restated Certificate of Incorporation to effect a 1-for-48 reverse stock split of common stock (effective 2024-11-16).

Change: charter amendment
Effective: 2024-11-16

Exact text from the filing

On November 14, 2024, the Company filed a Certificate of Amendment of Second Amended and Restated Certificate of Incorporation providing for the Reverse Stock Split (the “Certificate of Amendment”), and that the Certificate of Amendment would become effective at 12:01 a.m. Eastern Standard Time on the Effective Date.

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Source: SEC EDGAR

accession 0001213900-24-099326

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