Signing Day Sports, Inc. Announces Termination of ATM Agreement — Important 8-K Filing

Key Points from the 8-K Current Report

• Filing Type: Form 8-K — Current Report
• Date of Report: February 27, 2026
• Filing Date: March 2, 2026
• Registrant: Signing Day Sports, Inc. (Delaware)
• Trading Symbol: SGN
• Exchange: NYSE American LLC
• Emerging Growth Company: Yes
• Event: Termination of a Material Definitive Agreement

Details of the Terminated Agreement

Signing Day Sports, Inc. has filed an 8-K report to announce the termination of its At The Market Offering Agreement (“ATM Agreement”).
The ATM Agreement, originally entered into on December 2, 2024, was designed to allow the Company to sell shares of its common stock,
\$0.0001 par value per share, on the NYSE American under its trading symbol SGN. The ATM Agreement enabled the Company to raise capital
from the market in a flexible manner by selling shares at prevailing market prices.

The termination of this ATM Agreement is a material event and could have implications for the Company’s capital raising strategies and financial flexibility going forward. The termination may mean that Signing Day Sports will not be able to raise additional capital via the at-the-market sales mechanism unless a new agreement is put in place. The Company has not disclosed a replacement arrangement within this filing.

A copy of the original Sales Agreement was made available as Exhibit 10.1 in the prior 8-K filed on December 2, 2024. The current report does not mention any continuing obligations or liabilities from the terminated agreement, nor does it indicate any immediate impact on the Company’s operations or liquidity.

Potential Impact for Shareholders & Price Sensitivity

• Capital Raising Limitation: The ability to raise capital quickly via at-the-market offerings has been removed. This could limit the Company’s financial flexibility and ability to respond to strategic opportunities or unexpected financial needs. If Signing Day Sports, Inc. requires additional funds in the future, it may need to pursue alternative (potentially more costly or less flexible) financing arrangements.
• Share Price Volatility: Investors should be aware that the termination of the ATM Agreement may reduce dilution risk in the near term, since no new shares will be issued under this arrangement. However, if the Company seeks alternative capital raising methods, the terms may be less favorable and could affect shareholder value.
• Emerging Growth Company Status: Signing Day Sports remains an “Emerging Growth Company” under SEC rules, which allows it to benefit from reduced reporting and compliance requirements. This status is confirmed in the 8-K and may be relevant for investors considering regulatory risk and company maturity.
• No Extended Transition Period: The Company has not elected to use the extended transition period for compliance with new or revised accounting standards, meaning it will adopt changes in accounting standards without delay.
• Risk Disclosure: While the Company has not indicated any current financial stress, the inability to raise capital via ATM could affect its risk profile if capital needs arise.

Other Notable Information

• Company Details: Signing Day Sports, Inc. is incorporated in Delaware. Business address is 8355 East Hartford Rd., Suite 100, Scottsdale, AZ 85255. EIN: 87-2792157. SEC File Number: 001-41863.
• Securities Registered: Common Stock, \$0.0001 par value per share, listed on NYSE American under symbol SGN.
• No Written Communications, Soliciting Material, or Tender Offers: The filing does not contain any written communications pursuant to Rule 425, soliciting material under Rule 14a-12, or pre-commencement communications under Rule 14d-2(b) or 13e-4(c).

Conclusion

The termination of the ATM Agreement by Signing Day Sports, Inc. is a significant event for shareholders and potential investors. It removes a flexible capital raising tool, which could impact the Company’s ability to fund growth initiatives or address future liquidity needs. While there is no immediate operational impact disclosed in this filing, investors should monitor future filings for new financing arrangements or strategy shifts. The event may affect the share price, especially if investors perceive capital raising limitations or anticipate future dilution from alternative arrangements.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research and consult with a qualified financial advisor before making any investment decisions. The information presented is derived from public SEC filings and may not reflect all current or future developments affecting Signing Day Sports, Inc.

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