24/7 Market News Snapshot 19 September, 2024 – Signing Day Sports, Inc. (NYSE:SGN)

September 19, 2024

DENVER, Colo., 19 September, 2024 (247marketnews.com) – (NYSE:SGN) are discussed in this article.
Signing Day Sports, Inc. (SGN) has experienced a remarkable surge in its stock performance, skyrocketing from an opening price of $0.129 to an impressive $0.512, which represents a gain of over 294.15%. This dramatic rise, witnessed on a day with substantial trading activity of 122.32 million shares, has generated excitement among investors and signals a strong bullish trend for the company. As market sentiment favors SGN, traders are closely monitoring the stock for potential further growth.

In a significant strategic move, Signing Day Sports has also signed a binding Letter of Intent to acquire Swifty Global (OTC: DRCR). This acquisition represents a transformative opportunity for both organizations, aiming to enhance their positions in the online sports and gaming technology sectors. Swifty Global has reported impressive growth and profitability, with a turnover exceeding $128 million in 2023. The company’s focus on licensing its advanced gaming software to Tier 2 and Tier 3 online gaming operators is expected to triple its profits over the next two years.

The combined expertise of Signing Day Sports, which connects aspiring athletes with major sports leagues and colleges, and Swifty’s dedicated software professionals positions both companies for robust growth. With over 10,000 registered users on SGN’s platform and Swifty’s innovative tech team, this partnership aims to broaden service offerings across multiple sports.

Leadership from both companies has expressed optimism regarding the acquisition, with a shared vision of transitioning to a major exchange, enhancing exposure, and maximizing shareholder value. The completion of due diligence and projections for finalizing the acquisition by early October have stakeholders confident about the promising prospects of the SGN-Swifty alliance in the rapidly evolving sports technology landscape.

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