Signing Day Sports and BlockchAIn Inc. complete business combination, with BlockchAIn to trade on NYSE American under ticker "AIB."
Quiver AI Summary
Signing Day Sports, Inc. and BlockchAIn Digital Infrastructure, Inc. announced the successful completion of their business combination, which will result in both companies becoming wholly-owned subsidiaries of BlockchAIn Inc., set to begin trading on the NYSE American under the ticker "AIB" on March 17, 2026. Jerry Tang, CEO of BlockchAIn Inc., emphasized the significance of this milestone as they enter the public market and their commitment to developing scalable digital infrastructure to meet the growing demand for artificial intelligence and high-performance computing. The press release highlights the operational focus of BlockchAIn LLC on digital infrastructure and the potential for growth while outlining the roles of various advisors involved in the transaction.
Potential Positives
- The successful completion of the business combination marks a significant milestone for the Company, enabling it to enter public markets and potentially increase its visibility and access to capital.
- The anticipated trading of BlockchAIn Inc. on NYSE American under the ticker symbol “AIB” provides an opportunity for broader market engagement and investment interest.
- The combined company is positioned to leverage its platform and development pipeline to support the growing demand for AI and high-performance computing (HPC), indicating potential for future growth and innovation.
Potential Negatives
- The press release includes numerous forward-looking statements about the expected performance and integration of the newly combined company, which may create uncertainty for investors regarding actual future results.
- The potential risks outlined, such as the ability to sustain operations, attract new users, and retain key personnel, suggest significant challenges ahead for the business combination.
- There is no clear indication of immediate revenue or operational synergies resulting from this merger, leaving stakeholders questioning the tangible benefits of the transaction.
FAQ
What is the recent business combination announced by Signing Day Sports and BlockchAIn?
The business combination resulted in Signing Day Sports and BlockchAIn LLC becoming wholly-owned subsidiaries of BlockchAIn Inc.
When will BlockchAIn Inc. start trading on the NYSE American?
BlockchAIn Inc. is set to commence trading on the NYSE American at 9:30 a.m. EDT on March 17, 2026.
What is the ticker symbol for BlockchAIn Inc.?
BlockchAIn Inc. will trade under the ticker symbol “AIB” on the NYSE American.
What services does Signing Day Sports provide for student-athletes?
Signing Day Sports helps student-athletes build recruitment profiles with video-verified measurables and academic information for college coaches.
Who are the advisors for this transaction?
Maxim Group LLC is the financial advisor, and Bevilacqua PLLC and Loeb & Loeb LLP serve as legal counsels for the respective companies.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
Full Release
SCOTTSDALE, Ariz. and NEW YORK, March 16, 2026 (GLOBE NEWSWIRE) -- Signing Day Sports, Inc. (“Signing Day Sports” or the “Company”) (NYSE American: SGN), a technology platform designed to help student-athletes connect with college sports programs (“Signing Day Sports” or the “Company”), and BlockchAIn Digital Infrastructure, Inc. (“BlockchAIn Inc.”) today jointly announced the successful completion of their previously announced business combination, resulting in each of Signing Day Sports and One Blockchain LLC , a developer and operator of digital infrastructure focused on high-performance computing (“HPC”) and artificial intelligence (“AI”) hosting (“BlockchAIn LLC” and, together with BlockchAIn Inc, “BlockchAIn”), becoming wholly-owned subsidiaries of BlockchAIn Inc. BlockchAIn Inc. is anticipated to commence trading on NYSE American at 9:30 a.m. EDT on March 17, 2026, under the ticker symbol “AIB”.
Commenting on the closing of the transaction, Jerry Tang, Chief Executive Officer of BlockchAIn Inc., said, “Completing this business combination marks an important milestone for our organization as we enter the public markets. We appreciate the efforts of the teams across both companies who worked diligently to bring this combination to completion. With the closing of the transaction and our anticipated listing under the ticker ‘AIB,’ we are focused on executing our strategy to build scalable digital infrastructure designed to support the rapidly expanding demand for AI and HPC. We believe the combined company is well positioned to leverage our platform and development pipeline as we pursue long-term growth.”
Advisors
Maxim Group LLC is serving as financial advisor to BlockchAIn in connection with the transaction. Bevilacqua PLLC is serving as legal counsel to Signing Day Sports, and Loeb & Loeb LLP is serving as legal counsel to BlockchAIn.
About One Blockchain LLC
BlockchAIn LLC is a developer and operator of digital infrastructure focused on HPC and AI hosting. BlockchAIn LLC has planned AI data center expansions with favorable economics for activation in 2026 and 2027. BlockchAIn LLC operations are currently centered around its existing 40 MW data center facility in South Carolina. In 2024, this facility generated approximately $22.9 million in revenue and approximately $5.7 million in net income. BlockchAIn LLC’s mission is to become a leader in creating and operating scalable sustainable power and data infrastructure purpose-built for AI hosting, AI workloads, HPC, and accelerated compute applications.
About Signing Day Sports, Inc.
Signing Day Sports’ mission is to help student-athletes achieve their goal of playing college sports. Signing Day Sports' app allows student-athletes to build their Signing Day Sports' recruitment profile, which includes information college coaches need to evaluate and verify them through video technology. The Signing Day Sports app includes a platform to upload a comprehensive data set including video-verified measurables (such as height, weight, 40-yard dash, wingspan, and hand size), academic information (such as official transcripts and SAT/ACT scores), and technical skill videos (such as drills and mechanics that exemplify player mechanics, coordination, and development).
CONTACT INFORMATION
Signing Day Sports, Inc.
Crescendo Communications,
212-671-1020
[email protected]
BlockchAIn Digital Infrastructure, Inc. and One Blockchain LLC
Chris Tyson
Executive Vice President
MZ Group - MZ North America
Phone: (949) 491-8235
[email protected]
www.mzgroup.us
Forward-Looking Statements
This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “may,” “could,” “will,” “should,” “would,” “expect,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “project” or “continue” or the negative of these terms or other comparable terminology and include, but are not limited to, statements regarding the anticipated listing of BlockchAIn Inc’s common stock on NYSE American under the ticker symbol “AIB” and the expected benefits of the transaction. These statements are only predictions. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties, and other factors, including without limitation, the occurrence of any event, change or other circumstances that could prevent the common stock of BlockchAIn Inc. from commencing trading on the NYSE American LLC at 9:30 a.m. EDT on March 17, 2026 or, subsequently, of continuing to trade on such market or of qualifying to trade on any securities trading market; the parties’ ability to integrate their respective businesses into a combined publicly listed company post-merger, the parties’ ability to obtain sufficient funding to maintain operations and develop additional services and offerings, market acceptance of the parties’ current products and services and planned offerings, competition from existing or new offerings that may emerge, impacts from strategic changes to the parties’ business on net sales, revenues, income from continuing operations, or other results of operations, the parties’ ability to attract new users and customers, the parties’ ability to retain or obtain intellectual property rights, the parties’ ability to adequately support future growth, the parties’ ability to comply with user data privacy laws and other current or anticipated legal requirements, and the parties’ ability to attract and retain key personnel to manage their business effectively. These risks, uncertainties and other factors are described more fully in the section titled “Risk Factors” of the Registration Statement on Form S-4 filed by BlockchAIn Inc. with the SEC on December 1, 2025, as amended on December 23, 2025, January 21, 2026, January 22, 2026, January 30, 2026, and February 17, 2026, which was declared effective by the SEC on January 30, 2026, and the proxy statement/prospectus that was filed by BlockchAIn Inc. with the SEC on February 17, 2026, relating to this transaction. See also the section titled “Risk Factors” in the Company’s periodic reports which are filed with the SEC. These risks, uncertainties and other factors are, in some cases, beyond the parties’ control and could materially affect results. If one or more of these risks, uncertainties or other factors become applicable, or if these underlying assumptions prove to be incorrect, actual events or results may vary significantly from those implied or projected by the forward-looking statements. No forward-looking statement is a guarantee of future performance. All subsequent written and oral forward-looking statements concerning Signing Day Sports, BlockchAIn, or any of their affiliates, or other matters and attributable to Signing Day Sports, BlockchAIn, any of their affiliates, or any person acting on their behalf are expressly qualified in their entirety by the cautionary statements above. Forward-looking statements contained in this announcement are made as of this date, and the Company and BlockchAIn undertake no duty to update such information except as required under applicable law.