M&A
confidence high
sentiment neutral
materiality 0.85
Signing Day Sports, Inc.: M&A transaction — Signing Day Sports closes business combination with Blockchain; now trades as AIB on NYSE American
Signing Day Sports, Inc.
- Business combination closed Mar 16; each SGN share exchanged for 0.09334 Blockchain shares; SGN delisted, AIB begins trading Mar 17.
- Former One Blockchain members own ~88.3% of Blockchain; former SGN stockholders ~8.5%; Maxim Group ~3.2%.
- Terminated Purchase Agreement with Helena Global on Mar 13; effective Mar 20.
- All prior officers and directors resigned Mar 16; Jerry Tang appointed CEO, Jolienne Halisky CFO.
- Issued 3,172,704 additional termination shares to Boustead on Mar 13.