On October 7, 2024, Signing Day Sports, Inc., a company listed on NYSE American under the symbol SGN, announced an update on its acquisition process of Dear Cashmere Group Holding Company, doing business as Swifty Global, which is traded on the OTC Markets Group under the symbol DRCR. The update, provided via a press release, detailed the ongoing efforts by both management teams to create a strategic roadmap aimed at driving long-term growth and enhancing shareholder value. The press release also announced Swifty Global's commitment to provide $150,000 to Signing Day Sports through a promissory note to facilitate the closing process of the acquisition. The Binding Term Sheet, which outlines the potential transaction for the acquisition of 95% to 99% of DRCR's...Show More

On October 7, 2024, Signing Day Sports, Inc., a company listed on NYSE American under the symbol SGN, announced an update on its acquisition process of Dear Cashmere Group Holding Company, doing business as Swifty Global, which is traded on the OTC Markets Group under the symbol DRCR. The update, provided via a press release, detailed the ongoing efforts by both management teams to create a strategic roadmap aimed at driving long-term growth and enhancing shareholder value. The press release also announced Swifty Global's commitment to provide $150,000 to Signing Day Sports through a promissory note to facilitate the closing process of the acquisition. The Binding Term Sheet, which outlines the potential transaction for the acquisition of 95% to 99% of DRCR's issued and outstanding shares, was signed on September 18, 2024. The closing of the acquisition is subject to the execution of definitive stock purchase agreements and satisfaction or waiver of closing conditions. The press release emphasized the strong collaborative efforts and shared vision between the two companies, although it noted that there is no guarantee that the acquisition will be completed. The terms of the promissory note are still being negotiated, and upon execution, details will be filed with the SEC.