Shares of Signing Day Sports Inc. (NYSE:SGN) surged 150% after the company disclosed a significant step forward in its planned merger with a blockchain infrastructure firm.
In a major regulatory update, Signing Day revealed that BlockchAIn Digital Infrastructure, Inc.—a newly formed Delaware-based entity—has confidentially submitted a draft registration statement (Form S-4) to the Securities and Exchange Commission. The filing is tied to a previously announced merger agreement between Signing Day Sports and BlockchAIn.
The deal, initially announced on May 28, 2025, involves the integration of One Blockchain LLC, a company that builds and operates digital infrastructure geared toward Bitcoin mining and high-performance computing, along with other associated parties.
Signing Day Sports, known for its recruiting platform that connects high school athletes with college coaches, is making a strategic pivot toward digital infrastructure through this transaction. However, the merger is still subject to a number of conditions, including shareholder approval and the listing of BlockchAIn’s common stock on the NYSE American exchange.
Investors responded enthusiastically to the news, betting that the combination with a blockchain-focused company could open up new growth avenues for Signing Day Sports. The dramatic jump in share price reflects growing optimism over the firm’s evolving business model and its potential positioning in the digital asset and computing space.
Signing Day Sports stock price
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