Signing Day Sports provides update on business combinaton with One Blockchain

Signing Day Sports (SGN) provided an update on its Business Combination Agreement, or BCA, with One Blockchain, One Blockchain’s affiliate, BlockchAIn Digital Infrastructure, and certain other parties. Subject to satisfaction of required closing conditions, the BCA provides for a business combination of Signing Day Sports and One Blockchain under a holding company structure, in which Signing Day Sports and One Blockchain will become subsidiaries of BlockchAIn. Subject to the closing of the transactions contemplated by the BCA, the combined entity is expected to continue the operations of One Blockchain, which include data center operations for Bitcoin mining with plans to expand into related fields including high-performance AI-related computing. One Blockchain currently operates a 40 MW crypto mining hosting facility in South Carolina. In 2024, One Blockchain generated revenue of approximately $22.9M and net income of approximately $5.7M. The closing of the Transactions is expected to occur late in the Q4 or Q1 of FY26, subject to certain conditions, including, without limitation, the public filing and effectiveness of the Registration Statement, approval of Signing Day Sports stockholders, and approval of the listing of the registered common shares of BlockchAIn by the NYSE American. Signing Day Sports’ app allows student-athletes to build their Signing Day Sports’ recruitment profile, which includes information college coaches need to evaluate and verify them through video technology.