ismagilov
Sports activities recruiting platform Signing Day has filed to boost round $19M via an preliminary public providing.
Signing Day stated in an SEC submitting that it’s seeking to provide 3.75M shares priced between $4 and $6, which might increase roughly $19M if priced at the midpoint.
The corporate hopes to listing its shares on NYSE American below the image SDS. Boustead Securities is serving as lead bookrunner, in line with the submitting.
Based mostly in Arizona, Signing Day’s platform helps athletes get noticed and recruited by coaches and recruiters. The corporate is presently centered on baseball and soccer however plans to increase into different sports activities.
Signing Day has been working at a loss. For 2022, Signing Day reported a internet lack of $6.7M on income of $780K. It added that its auditors have expressed doubts about its means to proceed as a going concern.
Signing Day is the most recent sports-focused firm to file for an IPO. In January, Irish soccer membership proprietor Brera (BREA) raised almost $8M via a US IPO.
