Signing Day Sports shares experienced a significant uplift on Friday following the announcement of progression towards a business merger with One Blockchain, a company focusing on bitcoin mining and high-power computing. This news comes on the heels of substantial growth, with Signing Day Sports’ shares already having surged 189% over the past three months.
The sports recruitment firm initially disclosed in April its intention to acquire the entirety of the issued and outstanding membership interest of One Blockchain. The aim is to establish a new entity, with both Signing Day Sports and One Blockchain operating as subsidiaries.
In a recent development, Signing Day Sports confidentially filed a draft registration statement of the proposed business combination with the Securities and Exchange Commission. This move saw the company’s stock price skyrocket by 89%, reaching $2.34.
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