Digital Recruiting Platform Signing Day Sports to Go Public

The operator of a recruiting platform for student athletes, Signing Day Sports plans to go public on the NYSE American under the symbol SGN. The company plans to raise $8 million by offering 1.5 million shares at a price range of $4 to $6. SGN had previously filed to offer 3.8 million shares at the same range. At the midpoint, Signing Day Sports will raise 60% less in proceeds than previously anticipated. Boustead Securities is the sole bookrunner on the deal.

Signing Day Sports App

The Scottsdale, AZ-based company provides a digital platform to help student athletes get discovered and recruited by coaches and recruiters across the United States. The platform is currently used by high schools, sports clubs, and aspiring high school athletes. It is also being used in colleges in the NCAA (Division I, II, and III) and the NAIA.

SGN currently supports football, baseball, softball, and men’s and women’s soccer though it plans to expand into additional sports. The athletes, coaches and recruiters download a digital app with subscription fees of $24.99 a month or $249.99 a year.

Signing Day Sports was founded in 2019 and has 15 employees with a limited operating history.

Signing Day Sports is composed of former professional athletes, coaches, and executives who saw a need to improve the antiquated sports recruiting landscape. Altogether, we share decades of experience in collegiate and professional sports.

The founding team; Ryne Rezac, Noel Mazzone, Jeff Hecklinski, Craig Smith and Luke Meadows all have experience in college football.

Source: SigningDaySports

From the TradersCommunity Sports Desk