Signing Day Sports (SGN) Stock Soars 107% as Blockchain Merger Exchange Ratio Is Locked In
TLDR
SGN has set the exchange ratio for its three-way merger with BlockchAIn Digital Infrastructure and One Blockchain LLC.
Stockholders will receive BlockchAIn common shares, with the ratio set at SGN’s last trading price before closing divided by 7.5.
SGN stockholders are guaranteed at least 8.5% of BlockchAIn’s outstanding common shares post-merger.
The SEC has declared the Form S-4 effective; proxy materials have been sent to stockholders for approval.
SGN surged over 107% in one week, trading at $0.52 with a market cap of around $5.69 million.
Signing Day Sports (SGN) has locked in the exchange ratio for its pending merger with BlockchAIn Digital Infrastructure, bringing the three-way deal another step closer to the finish line.
Signing Day Sports, Inc., SGN
The merger also involves One Blockchain LLC. Both SGN and One Blockchain will become wholly owned subsidiaries of BlockchAIn once the deal closes.
SGN stockholders will receive registered common shares of BlockchAIn. The exchange ratio is calculated by dividing SGN’s last reported sale price on the final trading day before closing by 7.5. Fractional shares get rounded up to one full share.
The agreement locks in a minimum post-merger ownership of at least 8.5% of BlockchAIn’s outstanding common shares for SGN stockholders, on a fully diluted basis — excluding out-of-the-money options and warrants.
The ratio adjustment also supports BlockchAIn’s planned listing on NYSE American, which is a key target for the combined company.
SEC Clears Key Hurdle
The SEC declared the Form S-4 registration statement effective, clearing a major regulatory step. Proxy materials have already been sent to SGN stockholders asking them to vote on the deal.
The business combination agreement was first signed on May 27, 2025, and has since been amended twice — in November and December 2025.
A second amendment pushed the termination deadline to February 17, 2026, from the original December 31, 2025 date. With the S-4 declared effective, that window now extends to April 30, 2026.
SGN Stock Surges on Merger News
SGN has been one of the more active tickers this past week. The stock jumped more than 107%, trading at $0.52 at the time of the announcement, with a market cap of roughly $5.69 million.
The stock carries a beta of 9.25, which tells you everything you need to know about how it moves.
The most recent analyst rating is a Hold, with a price target of $0.21 — well below recent trading levels.
Average daily trading volume has hit over 33 million, reflecting heavy retail interest since merger news picked up.
The SEC’s declaration of effectiveness on the Form S-4 remains the most recent key milestone in the transaction.
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Filed under: Bitcoin - @ February 23, 2026 1:20 pm