other_material
confidence high
sentiment neutral
materiality 0.75
SGN enters $10M equity line with Helena; provides One Blockchain financials for pending reverse merger
Signing Day Sports, Inc.
- Purchase Agreement with Helena Global for up to $10M in common stock; 50k commitment fee shares issued worth $97k.
- Pricing at 98% of lowest VWAP over 3 days (no pending advance) or 95% of VWAP on day of notice.
- Business Combination (SGN into BlockchAIn) expected Q4 2025; pro forma ~46.4M shares at ~$5.06/sh.
- One Blockchain securityholders: ~$207.5M value; SGN stockholders ~$20M; earnout if 2026 EBITDA ≥$25M.
- Maxim Group receives 3.5% placement agent fee on equity line; also 3.5% of enterprise value on merger advisory.
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