Signing Day Sports, Inc. shared a shareholder letter from Chairman and CEO Daniel Nelson, updating on the proposed business combination with BlockchAIn Inc. The Business Combination Agreement states that upon closing, Signing Day Sports stockholders will receive 8.5% of the new company, valued at $20.0 million. BlockchAIn LLC securityholders will get 91.5%, valued at $215.0 million, with a potential earnout. The transaction is expected to close in the first quarter of 2026 pending approval. BlockchAIn’s focus on AI data-center infrastructure and digital mining positions it for growth in evolving markets. The merger aims to create strategic benefits for both companies, enhancing long-term value for shareholders.

The Signing Day Sports Board reviewed two fairness opinions assessing BlockchAIn’s value, indicating a significant increase in valuation from $329.3 million to $646.0 million. The merger terms remain unchanged despite the valuation hike. BlockchAIn’s AI-ready data-center infrastructure plans include expanding its high-density compute assets for AI applications and crypto mining, with facilities in South Carolina and Texas. The merger with Signing Day Sports aims to drive new revenue streams in sports technology and education markets, benefiting from BlockchAIn’s operational expertise and scale. Shareholders are encouraged to review all relevant documentation before making any voting decisions.

Read more at GlobeNewswire: Signing Day Sports Shareholder Letter Details AI/HPC