Signing Day Sports, Inc. (SGN) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: March 19, 2026

Risk Assessment Details

Potential Dilution: 885.33% of current shares
Recent Dilution: 745.62% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
4.2M
Potential Supply
37M
Additional shares possible
Splits
1 Reverse
Past 2 years

Summary

SGN currently has 4.23M outstanding shares. with significant dilution risk as 37.5M authorized shares could dilute existing holders by 885.3%. The company has significantly diluted shareholders by 745.62% over the past 2 years, indicating aggressive capital raising. Recent corporate actions include 1 reverse split (concerning signal).

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Mar 19, 2026

8-K filing: On March 13, 2026, the Company issued 3,172,704 shares of common stock to Boustead Securities, LLC pursuant to the Termination Agreement.

4.2M 37M
Jan 05, 2026

S-1 filing: This is an underwritten public offering of Signing Day Sports, Inc., of 6,034,482 shares of common stock, par value $0.0001 per share and warrants initially exercisable to purchase up to 9,051,723 shares of common stock or 24,113,286 shares upon exercise of a zero cash exercise option and pre-funded warrants to purchase up to 6,034,482 shares of our common stock in lieu of shares of common stock.

4.2M 37M
Nov 12, 2025

10-Q filing | 4.0M shares outstanding

4M 0
Sep 25, 2025

S-1/A filing: This prospectus relates to the offer and sale from time to time by Helena Global Investment Opportunities 1 Ltd. of up to 1,297,322 shares of common stock of Signing Day Sports, Inc.

3.9M 0
Aug 29, 2025

S-3 filing: Signing Day Sports, Inc. is offering up to 1,297,322 shares of common stock by the selling stockholder, Helena Global Investment Opportunities 1 Ltd.

3.9M 0
Aug 12, 2025

10-Q filing | 3.9M shares outstanding

3.9M 0
May 15, 2025

10-Q filing | 3.6M shares outstanding

3.6M 0
Apr 11, 2025

10-K filing | 2.0M shares outstanding

2M 0
Feb 20, 2025

8-K filing: The company entered into a Stock Purchase Agreement to acquire Dear Cashmere Group Holding Company (DRCR) through the issuance of common and preferred stock, with the preferred stock convertible into common stock upon stockholder approval and Nasdaq listing clearance. Maxim Partners LLC will be issued preferred shares equal to 3.0% of the total outstanding shares of the company after the closing.

770K 0
Jan 30, 2025
Stock Split

8-K filing: Signing Day Sports, Inc. reports a 1-for-48 reverse stock split and an offer to temporarily reduce the exercise price of a warrant held by FirstFire Global Opportunities Fund, LLC. ($0.03M proceeds)

770K 0
Jan 29, 2025

8-K filing: Signing Day Sports, Inc. entered into a Stock Purchase Agreement with Dear Cashmere Group Holding Company, James Gibbons, and Nicolas Link, involving the issuance of common and preferred stock in exchange for shares of DRCR and contemplates a future merger.

770K 0
Dec 02, 2024

S-3 filing: This S-3 filing relates to the offer and resale from time to time of up to 62,500 shares of common stock by the Selling Stockholder, Boustead Securities, LLC.

770K 0
Nov 14, 2024

10-Q filing | 27.7M shares outstanding

28M 0
Oct 17, 2024

8-K filing: Signing Day Sports, Inc. entered into a Settlement Agreement with Goat Farm Sports, Richard McGuinness, and Noel Mazzone, which includes granting 200,000 restricted shares of common stock to McGuinness and 10,000 restricted shares of common stock to Mazzone under the Signing Day Sports, Inc. Amended and Restated 2022 Equity Incentive Plan.

17M 3.4M
Oct 15, 2024

8-K filing: Signing Day Sports, Inc. entered into a Termination Agreement Amendment with Boustead Securities, LLC, modifying the original Termination Agreement to limit the number of shares issuable to Boustead to no more than 19.99% of the outstanding shares (3,621,725 shares), subject to stockholder approval.

17M 3.4M
Sep 19, 2024

8-K filing: Signing Day Sports, Inc. entered into a binding term sheet to acquire between 95% and 99% of the issued and outstanding shares of Dear Cashmere Group Holding Company (DRCR) common stock and preferred stock, issuing shares of Signing Day Sports common stock constituting approximately 91.76% of the post-transaction shares to the sellers, and terminated an engagement letter with Boustead Securities, issuing 3,000,000 shares of common stock to Boustead and agreeing to issue additional shares equal to 10.35% of any common stock issued to third parties in the future.

17M 3.4M
Aug 21, 2024

S-1/A filing: This S-1/A filing relates to the offer and resale of common stock by selling stockholders, including shares issuable upon exercise of warrants. The company will not receive any proceeds from the sale of common stock by the selling stockholders.

17M 3.4M
Aug 19, 2024

10-Q filing | 16.9M shares outstanding

17M 3.4M
Aug 12, 2024

8-K filing: Signing Day Sports, Inc. entered into a Redemption Agreement with FirstFire Global Opportunities Fund, LLC, providing the Company the right to purchase the unexercised portion of warrants issued to FirstFire in May and June 2024 for up to $100,000. ($0.55M proceeds)

16M 4.3M
Aug 07, 2024

S-1 filing: This S-1 filing outlines the offer and resale of common stock by Selling Stockholders, including shares issuable upon exercise of warrants, with the company not receiving proceeds from the sale but potentially receiving proceeds from warrant exercises.

16M 4.3M
Jul 26, 2024

8-K filing: Signing Day Sports, Inc. granted Clayton Adams 127,826 shares of common stock under the 2022 Equity Incentive Plan and will grant Birddog Capital 668,841 shares of common stock as a private placement, replacing a previous agreement to grant Adams 668,841 shares.

16M 0
Jul 24, 2024

8-K filing: Signing Day Sports, Inc. entered into a consulting agreement with Clayton Adams, granting him 127,826 shares of common stock and agreeing to grant him 668,841 deferred shares, and also entered into a subscription agreement with Adams for the issuance of a warrant to purchase 333,333 shares of common stock at $0.01 per share for $100,000. ($0.1M proceeds)

16M 0
Jul 18, 2024

8-K filing: Signing Day Sports, Inc. issued a pre-funded warrant to Bevilacqua PLLC to purchase 2,500,000 shares of the Company's common stock with an exercise price of $0.01 per share in consideration for deferring payment of outstanding fees.

16M 0
Jul 05, 2024

S-1 filing: This S-1 filing relates to the offer and resale of shares of common stock by selling stockholders.

16M 0
Jun 20, 2024

8-K filing: Signing Day Sports, Inc. entered into a Securities Purchase Agreement with FirstFire Global Opportunities Fund, LLC, issuing a senior secured promissory note, 90,277 shares of common stock, and warrants for up to 782,406 shares of common stock, with FirstFire paying $175,000 ($154,500 net proceeds). ($0.18M proceeds)

3.1M 6.2M
May 17, 2024

8-K filing: Signing Day Sports, Inc. entered into a securities purchase agreement with FirstFire Global Opportunities Fund, LLC, issuing a senior secured convertible promissory note, shares of common stock, and warrants to purchase common stock. ($0.38M proceeds)

3.1M 6.2M
May 15, 2024

10-Q filing | 15.4M shares outstanding

15M 0
Apr 04, 2024

POS AM filing: This prospectus relates to the offer and resale of up to 4,511,391 shares of common stock by Tumim_ _Stone Capital LLC.

15M 0
Apr 04, 2024

POS AM filing: This prospectus relates to 84,000 shares of common stock issuable upon the exercise of a warrant issued to the representative of the underwriters in connection with our initial public offering.

15M 0
Mar 29, 2024

10-K filing | 15.4M shares outstanding

15M 0
Feb 05, 2024

S-1/A filing: This S-1/A filing relates to the registration of resale of common stock by Tumim Stone Capital, acquired through a committed equity financing facility, and includes the potential issuance of warrants and common stock to underwriters. The company may sell up to $25,000,000 of common stock to Tumim.

14M 0
Jan 29, 2024

8-K filing: Signing Day Sports, Inc. issued commitment shares to Tumim Stone Capital LLC and Boustead Securities LLC on January 26, 2024, and also paid cash to Tumim due to beneficial ownership limitations.

14M 0
Jan 26, 2024

S-1 filing: This S-1 filing relates to a committed equity financing facility with Tumim Stone Capital for up to $25,000,000 of common stock, warrants to Tumim as a break-up fee, and warrants to Boustead as placement agent.

14M 0
Jan 08, 2024

8-K filing: Signing Day Sports, Inc. entered into a Common Stock Purchase Agreement with Tumim Stone Capital LLC for a committed equity financing facility of up to $25,000,000, with potential sales of common stock at the Company's discretion, along with issuing Commitment Shares to Tumim and warrants to Boustead Securities.

9.2M 0
Nov 22, 2023

8-K filing: On November 16, 2023, the Company issued 2,446,200 shares of common stock upon conversion of the 6% Convertible Notes, 386,000 shares of common stock upon conversion of the 8% Convertible Notes, and 10,700 shares of common stock to two vendors pursuant to service provider agreements.

9.2M 0
Nov 17, 2023

8-K filing: Signing Day Sports, Inc. completed an initial public offering of 1,200,000 shares of common stock at $5.00 per share, generating gross proceeds of $6,000,000, and issued warrants to the underwriter to purchase 84,000 shares. ($6.0M proceeds)

9.2M 0
Oct 24, 2023

S-1/A filing: This S-1/A filing is for an initial public offering of 1,500,000 shares of common stock with an estimated price range between $4.00 and $6.00 per share.

9.2M 1.5M
Sep 29, 2023

S-1/A filing: This S-1/A filing relates to an initial public offering of common stock with an estimated offering price range between $4.00 and $6.00 per share, offering 1,500,000 shares of common stock.

9.2M 1.5M
Sep 20, 2023

S-1/A filing: This S-1/A filing pertains to an initial public offering of Signing Day Sports, Inc., involving 1,500,000 shares of common stock at an estimated price range of $4.00 to $6.00 per share, with the company planning to use the net proceeds for product development, marketing, and general corporate purposes.

7.7M 1.5M
Aug 31, 2023

S-1/A filing: This S-1/A filing pertains to an initial public offering of common stock by Signing Day Sports, Inc., with a proposed offering price between $4.00 and $6.00 per share, aiming to raise capital for product development, marketing, and general corporate purposes.

9.2M 1.7M
Aug 01, 2023

S-1/A filing: This S-1/A filing pertains to an initial public offering of common stock by Signing Day Sports, Inc., with an estimated offering price range between $4.00 and $6.00 per share, and includes details on the company's business, financial condition, and the terms of the offering.

9.1M 1.6M
Jul 28, 2023

S-1/A filing: This S-1/A filing relates to an initial public offering of Signing Day Sports, Inc., involving 1,500,000 shares of common stock at an estimated price between $4.00 and $6.00 per share, along with an over-allotment option for underwriters and representative's warrants.

9.1M 1.6M
Jun 30, 2023

S-1/A filing: This S-1/A filing relates to a company offering 1,500,000 shares of common stock in its initial public offering, with an estimated price range of $4.00 to $6.00 per share, aiming to raise funds for product development, sales, marketing, and general corporate purposes.

9.1M 1.5M
May 15, 2023

S-1 filing: This is an S-1 filing for an initial public offering of common stock by Signing Day Sports, Inc. The company plans to offer 3,750,000 shares of common stock at an estimated price between $4.00 and $6.00 per share.

7.6M 4M
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