Signing Day Sports Reports Progress on Planned Acquisition of Swifty Global

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A further description of the Amendment to Binding Term Sheet, dated as of November 6, 2024, among the Company, Swifty, and Swifty stockholders James Gibbons and Nicholas Link (the "Sellers”), was contained in a current report on Form 8-K that was filed by the Company with the Securities and Exchange Commission (the "SEC”) on November 6, 2024, and a copy of which was filed as an exhibit to such Form 8-K.

The Binding Term Sheet, dated as of September 18, 2024, among the Company, Swifty, and the Sellers, sets forth material terms and conditions for the potential transaction that, if consummated, would result in the acquisition of between 95% and 99% of the issued and outstanding shares of Swifty’s share capital at the closing (the "Term Sheet”).

SCOTTSDALE, Arizona, Nov.07, 2024 (GLOBE NEWSWIRE) -- Signing Day Sports, Inc.("Signing Day Sports” or the "Company”) (NYSE American: SGN), the developer of the Signing Day Sports app and platform to aid high school athletes in the recruitment process, today provided an update on the process to close on the recently announced transaction to acquire Dear Cashmere Group Holding Company (OTC:DRCR), doing business as Swifty Global ("Swifty”).

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Author / Journalist: Signing Day Sports, Inc.

Category: Technology

Markets: China

Topics: US82670R1077 NYSE:SGN

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 11:30:00 (2 weeks ago)

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Language: English

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