Signing Day Sports to Prioritize Strategic Focus on Technology and Customer Growth Opportunities while Simultaneously Exploring Potential Merger and Acquisition Opportunities

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SCOTTSDALE, Arizona, March 06, 2025 (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 announced the termination of its previously announced stock purchase agreement ("Purchase Agreement”) to acquire 99.13% of the issued and outstanding capital stock and aggregate voting power of Dear Cashmere Group Holding Company (OTC:DRCR), doing business as Swifty Global.

The Company, in consultation with its legal counsel and board of directors, had determined that the parties to the Purchase Agreement would not be able to satisfy or waive certain material conditions to the closing of the transactions contemplated by the Purchase Agreement within the foreseeable future, and that the termination should be effected in consequence of this determination.  As a result, the board of directors is working closely with the management team to refine the Company’s strategy, explore potential merger and acquisition opportunities, and assess additional financing options.

For more information on Signing Day Sports, go to Forward-Looking Statements This press release contains "forward-looking statements" that are subject to substantial risks and uncertainties.

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Article Details

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: 2025-03-06 @ 11:30:00 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 832 words

Reading Time: 5 minutes read

Sentences: 26 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © GlobeNewswire

News ID: 26694455

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