© Reuters.
Signing Day Sports Inc., a company specializing in assisting high school athletes with their college recruitment process, has announced the pricing for its initial public offering (IPO) at $5.00 per share. The offering consists of 1.20 million shares of common stock, which is expected to yield gross proceeds of about $6 million.
The company’s shares are slated to begin trading on the NYSE American LLC exchange under the ticker symbol “SGN” today.
Signing Day Sports, known for developing a recruitment app aimed at streamlining the connection between athletes and college programs, is capitalizing on the need for more efficient sports recruitment solutions. With the IPO set to conclude by Thursday, November 16, 2023, the company anticipates a net gain of approximately $4.8 million after underwriting expenses are accounted for.
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