Business: |
We are a technology company developing and operating platforms aiming to give significantly more student-athletes the opportunity to go to college and continue playing sports. (Incorporated in Delaware)
Our platform, Signing Day Sports, is a digital ecosystem to help athletes get discovered and recruited by coaches and recruiters across the country. We fully support football, baseball, softball, and men’s and women’s soccer, and we plan to expand the Signing Day Sports platform to include additional sports. Each sport is led by former professional athletes and coaches who know what it takes to get to the big leagues.
Signing Day Sports launched in 2019, and as of June 2023, many high schools, sports clubs, and aspiring high school athletes have subscribed to the Signing Day Sports platform. Colleges in the National Collegiate Athletic Association (NCAA) Division I, Division II, and Division III, and the National Association of Intercollegiate Athletics (NAIA), have utilized our platform for recruitment purposes. Signing Day Sports initially supported football athletes, and now also offers a platform for baseball, softball, and men’s and women’s soccer, resulting in even more recruiter and athlete platform participants.
We founded Signing Day Sports to reinvent the high school and college sports recruiting process for the digital era. When we started the Company, recruiting was still being done largely as it had been done since before the mass availability of Internet-connected devices and was still limited by that model. We believe that we identified the flaws in the recruiting process and the unique opportunity it presented for us to become a solution provider in the industry. We developed and operated our platform with the objective of optimizing and enhancing the sports recruitment process across all sizes of colleges and athletic departments.
Our ability to leverage modern technologies to bring coaches and athletes together in a mutually beneficial ecosystem has shown significant benefits for both sides of the student-athlete recruitment process. Parents and athletes can use the platform to understand and provide what recruiters want to see, seek and gain offers of better athletic scholarships or other financial aid packages, and maximize the potential of an athlete’s career. Recruiters now have a comprehensive recruitment application that shows video verification of key attribute data and gives the recruiter the ability to narrow down their search with a highly optimized search engine and athlete screening process.
In short, we offer a comprehensive solution that services the needs of all participants in the sports recruitment process. We are aware of no other platform that offers what our platform does. Our goal is to change the way sports recruitment is done for the betterment of everyone.
**Note: Net loss and revenue are for the 12 months that ended June 30, 2023.
**Note: A 1-for-5 reverse stock split became effective on April 14, 2023.
(Signing Day Sports, Inc. priced its IPO at $5.00 – the mid-point of its $4.00-to-$6.00 range – and cut the number of shares to 1.2 million – down from 1.5 million in the prospectus – to raise $6.0 million on Nov. 13, 2023. Background: Signing Day Sports, Inc. filed an S-1/A dated June 30, 2023, and cut the size of its micro-cap IPO by 60 percent to 1.5 million shares – down from 3.75 million shares initially – and kept the assumed IPO price at $4.00 to raise $6.0 million. Signing Day Sports filed its S-1 on May 15, 2023, and disclosed its terms for its IPO: 3.75 million shares at $4.00 – stipulating the lowest price in its $4.00-to-$6.00 price range as its assumed IPO price – to raise $15.0 million. The company filed confidential IPO documents on Nov. 8, 2022.)
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