Signing Day Sports, Inc. 8-K

What Happened
Signing Day Sports, Inc. filed an 8-K (Item 1.01) disclosing it is party to a Business Combination Agreement with BlockchAIn Digital Infrastructure, Inc. (agreement dated May 27, 2025, amended November 10 and December 21, 2025). The agreement provides that each outstanding share of Signing Day Sports common stock will be convertible at closing into a fraction of a BlockchAIn common share based on an agreed Exchange Ratio. Based on Signing Day’s last reported sale price of $0.70 on March 13, 2026, the final Exchange Ratio was determined to be 0.09334. The parties anticipate the closing on March 16, 2026, subject to NYSE American final listing approval and other closing conditions.

Key Details

• Business Combination Agreement dated May 27, 2025 (amended Nov. 10, 2025 and Dec. 21, 2025).
• Exchange Ratio formula: last reported sale price of Signing Day stock prior to closing divided by 7.5; final ratio = 0.09334 (based on $0.70).
• If the Exchange Ratio would otherwise produce a fractional BlockchAIn share, the ratio is rounded up to one (1) for that share.
• Closing remains subject to NYSE American listing approval and satisfaction/waiver of all other closing conditions; anticipated closing date March 16, 2026.

Why It Matters
This filing tells investors how Signing Day shareholders will be converted into BlockchAIn equity if the business combination closes: each Signing Day share will convert into ~0.09334 BlockchAIn shares (with rounding rules for fractional shares). The transaction’s completion depends on regulatory and exchange approvals—meaning the conversion and any change in trading/listing status are not final until closing conditions are met. The filing also includes standard forward‑looking statement cautions about risks and uncertainties related to completing the transaction.